Last one for the night.
USDCAD has had me fooled with this incredible climb it did for about a month straight. Spotted the channel it was in and realized that it to has reached the top. It is currently now consolidating but it won't be long now until it drops back to the lower trend line.
As we approach the top of the impulse wave we will have to wait for a significant breakout of the trend line. Upon breaking the trend line sellers can sell the break out. Expecting to dip into the 61.8 fib level. 300+ pips
Hey guys. So here is a harmonic pattern in the works.. this is a huge weekly pattern. you can pretty much ride it to the sell area 134-137. From there we will see a (insert Donald Trump voice here) HUGE down ward correction. Thus completing the pattern. Keep this one in the back of your head. either ride this bad boy to the top and then sell or wait for it and...
Nzd has been struggling to go past the .68400area. Great Support are Its Starting to loose it downside pressure. Im expecting for this to break the trend line and then retest it. That will confirm our long position.
Hey guys. Heres a view of the next 1-2 weeks. As of right now Price will Continue to decline. (look at previous post. kiwi update) Once we reach the .69000 area we can expect a bounce. and a long term buy.
Short Term Sell.
Long Term Buy.
will kept you updated. Comment below. share your thoughts. Message me for questions.
On the Last DXY post we followed the wedge and shorted this. we have now arrived at the bottom and I suspect that we will start climbing our way back to about 101 level or until we hit the falling trend line.
Long term it seems that this will be DXY last rise to the upside. failure to break above the wedge will result in a large decline.
POST ANY THOUGHTS.
We have arrived at an important point with silver. Taking a look at it I can assume that the rise we had yesterday with the FOMC rate decision was a way for it to come out of the oversold area. If todays daily candle closes as an inverted hammer that would be a good signal to short.
Looking at past data when price reaches 17.04 it mostly always drops to...
Ha.!!!! Cant believe i didn't see this before. GOLD is in the completion stage. All this time it has been making a pattern. BULLISH CYPHER to be exact. GOLD is finally in the golden reversal zone. However given that tomorrow morning is NFP not sure how much respect gold will pay to the pattern. I would say that gold shall either rise or stall out here. If you...
Almost anytime gold has gotten to the 1224 area it goes back up to 1243. now we are on a trend but price has stalled out at 1223.95 and hasn't been wanting to go down. a price break at 1227.10 will give the signal to buy till 1243. also Rsi had a down trent that broke. higher lows are being made