Just wanted to share some ideas on possible targets here on the DXY. As you can see we are breaking out of the correction phase of the first wave and have just now started the 3rd wave up from a large channel down. This should be the strongest wave up. However even if we only get the 1:1 move that puts us at 103.13 an extension to 103.80 ( which is the recent...
Been watching this level on the AUD/USD due to previous resistance. Lower Time Frames are showing signs of turning over at this point. Also keep an eye out on GOLD. It is at a key resistance level and also showing a ton of divergence at these levels.
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Looking at the Hourly here. DXY completed a nice 1-5 followed by an ABC ( A and C were a nice 1:1 move) right into the .618 Fib level and right into structure. We could be setting up for a nice move to the upside here if we get an impulse. Could wait for the impulse up and buy on any pull backs.
We have reached a key level in gold today. This is a .618 pull back right into structure. I will be looking for signs of rejection for potential short entries on lower TF's.
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Looking at the 4Hr chart here, we have broken through the channel back on 2-7. A 1:1 harmonic move of the first impulse wave down through the channel would put us near the lows. We are currently pulling back the last impulse wave to recent lows. I will be looking on the smaller time frames for possible entries around the .618 Fib level with targets around the...
Just rejected the support with a ton of divergence. Broke through the trend line and now is pulling back to retest. If we can get a close above 114.32 I would be looking to go long
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Now I usually don't make bold long term predictions but this does look interesting. So we just completed a nice 5 wave pattern down to about 1050 and than text book pulled back to the .382 level or about 1383 right up nicely within a channel. Now more recently we have broke that channel and are heading down. So if we do get that 1:1 move that would put us in...
Gold has pulled back nicely here to the .382 FIB level. Pull back looks strong. Will be keep ing an eye out for a turn between here and the .618 level and catch that 5th wave down. Short between 1194 and 1238. Wait for confirmation!
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About to break through the trend line here. Could signal the bigger pull back. Truncated 5th wave may be in. Will be watching this area closely. Pull back to .384 Fib at least 2184 anyone?
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The AUD/USD has pulled back to the .618 level and now is right on the trend line. The question will be does it complete the 5th wave of the current move and honor the trend line or will it impulse up through the trend line and start an new wave up?
If it breaks I think you have to wait for a lower high to be formed to confirm the break.
Interesting level to...
The USD/CAD just made a double top at the .500 FIB retracement level and is now approaching the bottom trend line of the zone we have been in for a while.
If the zone gets broke I will look for a reason to get short and target a 1:1 which will place us down to the 1.375 area. A lot of potential in this one. Hoping for the break!
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Plenty of reason to think that we will see a pull back here on the EUR USD.
End of the 5th wave.
Possible break of the wedge.
I will be waiting for a break through the wedge and than a pull back to enter. Targets will be either the .382 or .618 FIB retracement.
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NZD/JPY has entered a level of support on many higher time frames and is now showing signs of bouncing off these levels. Entry was @ 73.11
Divergent bottom, Higher low and break of a trend line while making a new closing high.
Targets will be set near the daily trend line and SL placed just below just rejected trend line created by higher low.
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