We have a strong move away from the TL This would indicate another move up for a correction of the major wave down. I am expecting the weakness that may be appearing in the DXY will correspond with a long here. We are getting close to Brexit so these will be volatile markets and could swing at any misstep or word from the talking heads. I believe the UK sticking...
This is a monthly chart so it gives the clear vision on where to put your money and where the market is most likely headed. We have just successfully completed waves 1,2 & 3 now looking to complete wave 4 around 122-120 before going long to the 160 level. Trade safe, nothing is guaranteed in this market!
Possible swing of this pair to the down side after getting rejected at 162.5± level. If it breaks the red resistance line we might be looking for the beginning of a larger long term move downward as we approach Brexit vote. Watch out for the blue and black resistance lines. Safe and successful trading!
as you can see below 8/12 months of the time the JPY is heavily negatively correlated with the spx, normally between 80-90%, there also is a pattern, that the JPY/SPX stayd negatively correlated for 8 months before turning positively correlated for about 4 months, this cycle continues unbroken below.. as we can see by the red correlation being above 0, The...
GBPUSD closes below the 95% reversal SD Channel line, also LSMA gains momentum past price action indicating a pullback is close.. Short term is bullish but no interest in GU topside. INSTEAD we let the bullish technicals play out, hopefully carrying us back to 1.465-7, then we SHORT from these levels where several resistance levels lie and volatility resistance...
somethings not right - All time low volume too, JPY booming, Bonds rallying - low liquidity is artificially driving the market up??? The market will tank soon... the financial conditions are gonna tighten like post 2009 this bull move isnt backed by non-risk assets in true bull markets we see 3 things 1. Low GOLD 2. LOW JPY 3. Low US Bonds today we only see 1....
Look for selling on Retest of H&S Neckline. with TARGET OF 18750 N 18500
According to latest polls on Brexit, the majority of UK citizens is now favoring Brexit again. That could push the pound lower against the yen, however, a possible positive NFP might cause severe indecision among market participants.
Pair is breaking out of the temporary correction after finding support at the 50.0% Fib of Wave C to D at around 1.5900. (wave labels are arbitrary in this case). Further upside expected, especially on reduced Brexit fears. Risk-on theme will also keep the GBP supported. Target and Stops on chart.
As per our last week post about GBPUSD wave analysis on higher time frame end of b wave, but price action not give clear view on further downside. So we recount the waves on lower time frames give another view on this pair, We expect one more leg upside end of this wave pattern.
Waiting for a strong bullish close above the weekly level of resistance indicated around the ~1.62 level. Before, I was short on this pair (if you check previous posts). With only a slight percentage of the UK leaving the European Union, I believe the pound is ready to regain strength. Price action formed a reverse head and shoulder pattern(a reversal pattern) and...
Ridiculous to think about it, given the horrible macroeconomics.... but with the majority of the people being bearish, and expecting a 2008 like collapse, could we get another mega short squeeze? 1. Everyone seeing the exact same 2008 pattern, and shorting. Deja vu or Deja fool??? 2. Brexit hedges. 3. Double bottom made on Feb 2016 and August 2015. 4. Every...
Be careful of anything British these days. The winds of change may rock the GBP at any time. Of course this could play into your hands but you need to be vigilant of the news with your finger on the button. Or you can trade it on the HTF where the impact will be less noticeable. To business this steep impulse up has given us retracements between 35% and 57% We are...
The chart draw a head and shoulder pattern after inverted Head and Shoulder last February to April. Waiting for good News on GBP tomorrow. Since this is overbought, it needs to be breath around -15% to -50% (a nice entry for uptrend). beware of FED Announcement because this are main things that GBP become bearish. BREXIT is a bullish trend for this. Happy...
This pair has been a headache over the past few days. However, I think I have finally figured what this pair has been up to: - The market underestimated the possibility of a rate hike in June until the last FOMC Meeting Minutes on May 18th. This explains the lack of real sustainable rallies since the one that took place on the 3rd of May. - The FED has stated...
Another hidden symmetry triangle in the same TF of Cable, along the whole June before Brexit the price could be keep forming higher low and lower high, 2nd setup for Cable could be more risky, which trade reversals and reversals before June 23, 2016. If price break up, wait pullback in lower time frame, then place Long position, upside target 1.4900 If price...