The price breaked the sideways channel. I see a big impulse 0-1 leg retesting the old resistance from 82.000 with a extension of 61.8% of 0-1 leg. The price may retest 83.50 following making a new high. In order to see a bullish 2-3 leg, the price will have to break the upper red descending line.
Since the day that the feds raised the rates, it appears that UJ topped out at a resistance zone of 118.5 | It has gone back to a sideways lateral movement in similar fashion to pre-American interest rate hike, While UJ has maintained a bullish long stance over the last months, it appears that for now it will stay lateral and is prone to spiking up or dropping...
Waiting for US election results, as well as candlestick confirmation and ADX before entering buy or sell. Regardless of central bank buying, it's highly likely that the most this pair can go is up to 1,400 this year before going down again. www.mining.com www.businessinsider.com 1W: 1D:
XAGUSD continues to go sideways and on the extreme (based on higher time frame analysis), can either go up near 20 or down near 16. www.dailyfx.com 1W: 1D:
Although USDCAD has been correcting for the past while, I am short on this pair. Please wait for the breakout before placing any trades. No need to get stuck in a trade that may continue sideways.
Central banks are (again) helping bulls by keeping the stimulus active until they see higher inflation - according to rumors and speculation of the last three days, ahead of the next ECB meeting this Thursday, October 20, 2016, where Mario Draghi might surprise the market to the upside again, after the reaction to the last meeting was a falling stock market. This...
Continuing USDCADs sideways movement. Its now on the downside.
Possible bullish bitterfly is spotted on SPX500 but 4H candle close above 2160 level will invalidate the idea. If confirmed, this pattern can test the bottom of the fork which is built from September´s high through this month´s peak levels. Short entries are welcome from current values. I will add shorts on market opening as I´m already in a short position as...
On FX:EURUSD , the market moves sideways last few days. It found its support at 1.2305 and resistance at 1.1268. The red box shows that the market cannot decide who will get control of the price, Bears or Bulls. The best approach will be to wait breakout and then enter short/long, as people say follow the trend. Few fundamental news coming out today and it is...
+++ Don't forget to LIKE & Follow+++Price is in a sideways move - since price broke up previous PullBack. This sideways move is presenting nice Deep Bullish Gartley on 1H, here on EURAUD. Stops and Targets are conventional. Entry @ 1.4709 Stop @ 1.4672 Initial Target 1 @ 1.4771 Initial Target 2 @ 1.4809 Good Luck! -Alex I'm a Professional Currency Trader &...
Wedge pattern broke, the continuation of the trend must carry on moving, I believe the trends movement would be slightly bullish as the euro is gaining strength. I have placed targets of where the trend may roughly go. The current potential bullish wedge may be giving the trends formation in where the type of movement would be directed. Current point:...
We can take a long here, fading this momentum run to the downside in a mostly quiet and sideways market. Support is potentially strong against this level, so we can expect upside soon. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm...
+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Cypher Formation on 15M, GBPUSD. On 15M market is breaking structures to upside and downside so it is not a surprise that we see advanced patterns in sideway moves. Stops below X, targets are conventional. Entry @ 1.3136 Stop @ 1.3101 Initial Target 1 @ 1.3166 Initial Target 2 @ 1.3185 Good...
Up until now Bitcoin was still consolidating in a wide range of $680-630 in the ascending triangle and did not rally as I expected after the halving day yet to retest $750-790 area. One thing you can learn from Bitcoin's behavior over the years is that it ALWAYS retests the previous high a second time. Also Bitcoin LOVES to bounce within triangles. Currently we...
- COULD SEE SOME SHORT TERM UPSIDE, BEFORE FURTHER DOWN TREND...
The current bias of the USD/JPY is undefined. Sidewards, consolidation for the previous week since the big move last Wednesday. The pair is currently in two channels; short term sidewards, defined by the black dashed line and longer term bearish channel (light blue). At the end of trading today, one of the two channels should be hit and act as a resistance....