Possible Cypher pattern on Gold. Target for a possible C point hits lower limit of the wedge and D point may end near the higher wedge limit. I will long at 1300, targeting 1343. If we reach point D, I will enter a small short with TP1 at 1332 and TP2 at 1320
Expectations Last week we could perfectly see how "Sell rumours, buy facts" work. Well, for now we´ve only seen the "Sell rumours" part... US Dollar index climbed from the lows of the week after testing the uptrend line and, after the verbal intervention of one of the FED voting members, SPX500 index plunged. Obviously, many people talked about the...
Bearish Gartley may be completed tomorrow on GBPUSD pair. If price reaches 1.3302 level, it is a good trade for short-term traders, targeting 1.3239 and 1.3200 as immediate goals. SL: 1.33500 Cable continues in a downtrend therefore, 1.3302 can also be a good entry point for mid-term short positions
EURUSD may reach a new action point before the ECB and mark a new leg down to the trendline. Once the FED rate hike is out of the desk, the only strengh for US Dollar should come from the risk-off environment. Next risky events are the ECB decision and Chinese foreign reserves plus trading balance stats. Looks like some of them will not be risk-favorable... I...
Possible butterfly pattern forming at key support/resistance levels. To confirm, current wave down shouldn´t exceed 1308. I will try a small long at 1312 which is a key resistance level
Another risky setup having only One reference point made We are approaching a huge resistance zone and a healthy correction should take place here. Divergences set at all timeframes also indicate there should not be many bulls left here... I believe a retracement would start somewhere at 0.7450 level. Today and tomorrow close will be important: if it closes...
Bullish cypher on SPX500 which coincides with the Elliott Waves count (posted below). Fundamentally, SPX500 can fly over the historical maximums even between tomorrow and Monday (08.07.2016 and 11.07.2016 for the records) amid huge capital transfer from EU markets to US markets. Plus, the market will price in that the FED will not hike rates in the next meeting...
A perfect Gartley is being created at USDCAD! All levels match exactly, it is just too good to be broken... I would expect a retrace to 1.2870 which is the nearest resistance and then short to the target of 1.2635. Longs Entry point: 1.2635 SL: 1.2535 TP1: 1.2865 TP2: 1.2940 TP3: 1.3000
We already have 3 confirmation points for a bullish Cypher pattern, which is forming at key support/resistance leves: if price arrives to 1.2954 as expected, it could be a very good level for entering long positions For now: Shorts Entry point: current values. SL: 1.3460 TP: 1.2954 Longs Entry point: 1.2965 SL: 1.29 TP1: 1.3140 TP2: 1.3195 TP3: 1.3255
This is a very audaceous setup as we still have point C to be confirmed, there may not be any harmonic pattern at all. The eventual pattern is located at key support and resistance levels and would also confirm a deep 23.60% retracement of what is considered a bullish Wave 1. Shorts: Entry: 47.70 SL: 49 TP: 41.50 Longs Entry: 41.50 SL: 39 TP1: 44 TP2:...
Life with no hikes If somebody had any doubt about if a rate hike in 2016 was a dream or a reality, the first Friday of September 2016 gave yet another solid answer to the question: www.cnbc.com www.investing.com Still, the trend is like an oil tanker: need time and effort to turn it around. So, one more leg up for the US Dollar next week. Target 97-97.05...
Possible ABCD move to complete a bullish Gartley pattern. Watch the trendline to breakdown, retrace and short US Dollar. ECB statement will be made in less than two hours. Impossible to find a better reason to complete a disaster beginning of September for the US Dollar.
A long-term projection. Loolks like the incoming crash will not be the ultimate one...
A very nice replica of a beautiful Kremlin Wall is being built here by USD and JPY! Just a little bit of patience, good will and job is done.
1. Expected USD raise after US GDP revision and Janet Yellen´s speach. 2. This is a W4 corrective wave from a 1-2-3-4-5 count, started by the beginning of the month. It hasn´t arrived yet to 78.60% retrace which is not normal for this kind of wave: normally, there are bigger retraces. 3. Downtrend respected: hasn´t broken the blue downtrend line, hasn´t broken the...
Possible Crab pattern on GBPUSD pair. Daily candle close below 1.3000 level would invalidate the pattern Longs Expect an entry point around 1.3125 on NPF volatility. SL: 1.3025 TP1: 1.3340 TP2: 1.3678 Shorts Entry point: 1.3675 SL: 1.13775 TP1: 1.3368 TP2: 1.3176
If there are no hikes if there will be a new QE just answer yourself a question: how can DXY projection Go to a Hundred-nineteen?..
Possible Cypher pattern is forming on EURUSD pair. I expect lower than expected NPF tomorrow which will cancel every chance of hiking in September. Longs I expect an entry point of 1.1110 which is based on my previous idea (link below). Also there is an unclosed gap near 1.1120 and tomorrow is a perfect moment for closing it. SL: 1.1030 TP: 1.1500 Shorts...