We could see an OCEAN/USD recovery:
- EMA Ribbon break on the daily
- Downward channel break
- W pattern break
- Bullish divergence on MACD and RSI
- MACD is about to turn positive
-21 day high
I am waiting for a retest of the W and EMA Ribbon breakout
1rd target - $0.59 (+16.28%)
2rd target = W target - $0.67 (+33%)
3rd target = Strong Supply and Demand...
look at the masterpiece in action all the way down for months, we can close now and await our next move, i believe we are completing wave 5 shortly, followed by an abc then a continuation into another move down for 5 waves.
smaller charts to follow in the next hour
here we can see the reason quite clearly, we have a counter trend line thats formed with us getting a touch, with rejection. This fall hand and hand with the gap on the market which we are approaching on the smaller time frame, as we approach that area we suspect alot of profit taking (charges increasing/swaps) and we will see a small shift to bearish momentum...
here we can see we are still not finished as we anticipate wave 5, i feel a little push down to a level ill mark on the smaller chart with reason that i will show too.
we expect o be in wave 4 awaiting wave 5 but in early phase,
Here we have daily view of gold reflecting gold and correction count, i will be closing gold in await for another nice entry.
more detail in charts coming up on smaller timeframe, we mark whats important on the daily (pay attention to the arrow and where i have the entry of the arrow)
im not intrested in selling thhe correction the move will be miniscule to the...
Hi traders !
Look to open transaction after the last low is crossed.
It looks that it's a downtrend and buyers cannot raise the price up due to Coronavirus.
Price action may form a pin bar and to fool you and then it may go up.
In this case you have to be patient enough to see if you catch it.
Remember not to act on emotions!
Have a great day!
This analysis an work is copyrighted to us again,
We can see that we will burst up in accordance to the larger degree, and also the smaller degree and we line up minutte and majors.
Now we wait deep in profit and allow the market to do the rest of its thing
this work is copyrighted to us,
IT tells such a story. It wont be long until you can break down detail like this yourself. and understand the movement of the market.
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Still going on for more.
We have fulfilled another touch of the bottom trend line on the 4h of the triangle completing the abcd, now we can look for the buy out the triangle as we get FOMC next week.
On worst case we could see a little fakey outside it but we feel very confident of the rise of gold and fall of dollar the next few weeks.
Here we can see we are deeeep in multiple entries now we can allow it to keep falling after our stacked entries and move our stops in to protect.
EURUSD, XAUUSD, USDJPY all moving great too and all also stacked.
Here we can see usdchf has fell beautifully into our targets.
We have now approached an area of interest, what do you think will happen here?
Do we keep falling? Do we pull back then fall? or do we now change trend back to up?
Let us know what you think in the comments!
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