The pound just broke a resistance. i believe the pound is only going to continue to strengthen over the next week or so, but not after an exhaustion to at least the .618 fib levels, a safe bet would be wait until the pair has retraced back and wait for the next bullish engulfing candle to go long on the two. Set stop loss a good distance under the new support.
after breaking a major support from the past year, i expect this pair to continue its major push to the downside. This would be a multiple weekk trade with 100s of pips of potential earnings
Sales in the US stock market are not yet mass and panic. Yes, on Monday the preassuren was quite tough: the technological index of S & P technology lost almost 3%, and the shares of FANG lost from 3% to 6%.
Nevertheless, if you look at the daily chart of the Dow Jones index, you can see that nothing is happening yet. The index fluctuates in the range of...
IBEX 35. SPANISH INDEX.
NOT REALLY CARING ABOUT THE NEWS RIGHT NOW, JUST LOOKED INTO THIS PERFECT PRIMARY 12345 ELLIOT MOTIVE WAVE FOLLOWED BY A PROPER XWY CORRECTION.
WXY STRUCTURE IS BROKEN BY AN IMPULSE. PROBABLY A NEW PRIMARY MOTIVE WAVE. LET'S WAIT FOR IT TO REACH 2 (COULD BE ALINED WITH PAST SUPPORTS AND WITH THE FIBO 61.8 LEVEL) AND THEN WE CAN TRADE...
DOWNTREN IS OVER IN EURNZD. ANALIZING THE BIGGER TIMEFRAMES WEMAY HAVE A LONG WAY TOWARDS TO THE UPPER CORRECTIVE STRUCTURE. YOU CAN DO THIS SMALL TRADE BY NOW, IT REALLY LOOKS GOOD.
CARLOS
