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 ...
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 ...
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. ...
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.
Always will to discuss my ...
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 ...
Many reasons to take this to the long side.
Break of the most recent trend line on the hourly.
Inverse Head and Shoulders on the 1 hour.
Divergence on the 4 hour.
Looking for a retrace to the .618 level or the daily tend line.
EUR/USD has formed a nice triangle formation on the Daily chart and we are rejecting the upper trend line of that formation. Dropped down to the hourly chart and just went short at 1.1230 SL at 1.1260
I will take 1/2 of this position off at 1.1200 and let the rest run.
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Just a long on the GBP/USD with targets back to the Daily Trend Line. SL set just below the newly formed double bottom.
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Price is entering the top of a range on the higher TF which have shown resistance on multiple occasions. A bearish has formed and just broke to the downside. Targets are set at the .382 and the .618 retracement levels.
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I am currently Long the AUD/USD. Position was taken at .7510. Signal was a pullback to the trend line combined with a divergent STOCH bottom. Targets are set near the trend line created by the most recent swing highs.
However, having looked at this more closely, I believe we may break through this line and ...