copperhead

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Last visit Joined 2 years ago
Markets Allocation
100 % forex
Top Mentioned Symbols
EURUSD 33% | 1 AUDUSD 33% | 1 EURGBP 33% | 1
copperhead copperhead EURGBP, 240, Short , 4 months ago
EURGBP: EURGBP possible exhaustion of trend Short with Open spaces
31 0 1
EURGBP, 240 Short
EURGBP possible exhaustion of trend Short with Open spaces

The pair has run into long term resistance and has weakening momentum and may have made a end of a 5th wave. Buying interest seems to be currently waning which could lead to a squeeze. If the article 50 is slowed down or tomorrows speech is looked at as bullish for the Pound we could see a reversal.

copperhead copperhead AUDUSD, D, Long , 11 months ago
AUDUSD: AUDUSD pullback for 5th wave targeted area
58 0 2
AUDUSD, D Long
AUDUSD pullback for 5th wave targeted area

4th wave correction back to the 1.272 extension off of the 1st leg which is also the 50% of the 3rd leg. Then looking for a final push higher back to old price levels and extension levels outlined in the blue box. Fundamental reasons are Fed pushing out rate rising hikes and RBA staying neutral with people looking for yield.

copperhead copperhead EURUSD, 240, Long , a year ago
EURUSD: EURUSD Channel with targets of 5th wave
77 0 2
EURUSD, 240 Long
EURUSD Channel with targets of 5th wave

Looking for the pull back in the pair to continue around 1.1040 which would be the 50% of the previous leg up. Looking for target of 1.1503. Of course price can do what it likes but that is my plan which would go with the dollar longs being pushed out by a delayed Fed and continued Euro shorts being undone.

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