This is just where i think its going. In the larger timeframes it was following the bullish channel then did a huge push to the upside breaking structure. Its target is the next resistance. What do you think?
Thinking that it will complete the retracement to the daily zone. Ultimately it will hit the target....If the support zone is respected we are all systems go....this is what im expecting it to do ...lets see how this plays out
A Quick peep ...seeing as DXY is dropping and GU is was supported i believe it will have a short retracement to fill the void and ultimately hit the next Daily zone.What do you think? support must hold though..
Its trying to correct itself from the drop. Currently it sits on a major zone and is still making higher lowes and continuously rejecting the red zone. If it breaks the wedge i believe it will go to the next red zone. Although it will have turbulence around the 78.450 area. If it can hold and break through that zone... it will be some decent pips to be had!
Just an idea...i see its coming from a reverse head and shoulders and is on a bullish trend. Currently at a bearish wedge in which Im thinking its going to breakout and contiue the bullish run. Where its at right now is a wedge and also at the same level of the most recent high of the same level. Basically just keeping an eye on it but I do anticipate an upward...
There is a Head and shoulders forming at a key level. The Left sholder is at the bottom of the key level "head" is at the top of the key level and the right shoulder should reject nicely if all goes well...this is just an idea but should play out nicely. But idk if you can see the blue line near the top...that may...or may not shake things up. Thats also a key...
Been in this Buy for a min... actually took a couple buy previously but noticed the trend is still rising, hopefully for a while. Currently my TP is open but my SL is in profit. Just watching it closely. This may turn into a swing...we shall see
I just used S&R and EMA to markup this call for myself and going along with the trend. I jumped in a tad early but it was after I analyzed how it was moving. I ended up being able to take all 3 TPs and even had a extra trade in there for added benefit. Im on a mission and still learning!