expecting a down move to trendline(green). Eventually a move back up on the main trendline (blue)
price could rise but I expect a bearish move.....hoping for a breakout of pattern
Expecting a bearish impulse at any time. Price could rise more before the fall.
price is making corrective pattern....buy on the bottom of channel...must wait until pattern forms another leg...
Price should correct....watching for PA to determine the next move..
move out of flag pattern is not strong...Price could go bearish again before the move up. Big move up coming for 2017....Should see impulse and correction to confirm the bullish move...
Up leg should be starting soon to top of channel. Its just starting so great setup to get a long trade.
Move up to top of trendline....reverse is possible.....watch PA at top of channel.
2016 we saw the big impulse and now we are in the correction....price can continue up to 1.38. I expect it will hit the dashed blue line and make another bearish move. This could be the breakout year.
Of course everyone is waiting for this to drop. Price is in the hitzone and could reverse any moment. price could continue up before the fall.
Currently in a correction from a bounce. Can buy bottoms of the flag or wait for break bullish.
price should continue to rise to retest the previous high 125.55. Can continue higher or bounce at that point.
Currently in the hitzone (38-62% retracement) waiting for start of 5th wave. Fourth wave could correct up to .75 which would be 50% retracement. Overall is bearish...waiting for down move.
Audusd is completing the retracement on a 4th wave corrective pattern, it will rise and retest the top of the channel (green) and reverse for another bearish wave or breakout and rise to .80--.84 before falling for the 5th wave. This year should complete the 4th wave and start the 5th wave down. Overall outlook is bearish with short term bullish to the reversal point.
The Aussie is in the process of completing a 4th wave. It could rise and break out the pattern (green) up to .95 before falling in the 5ht wave between .68--.42. Thats a lot of ground in between but watch the indicators and price action. Not expecting a complete reversal to the top of the larger channel (blue). Watch PA as it hits .78 area. Still working off...
Forming a pattern similar to one from early Dec. I expect more up(1.24--1.25) before a bearish move into the swing up. Keep watching....not ready yet
Overall pound is completing a huge ABC pattern. Currently, looks like its ready to correct before another move down...could reach between 1.15--0.89 Price is near RSI 20 so it will eventually make a bullish move. Current wave is corrective, not like the 2008 bearish drop but its had some significant moves to the downside. I'm waiting for the up move.