I'm currently in a Short on Gold from 1422.600, reason being is because I'm expecting a pullback to 1366, before a continuation upwards to 1450-1470. I will be going Long once we get the pullback into 1366.
Predicting a short movement on AUDNZD.
This is a more long term trade with a larger R/R. The 382 fib was respected well from the 24th of June 19 and the 5th of July 19 and I normally like to trade off the second touch of it as I believe it holds some weight.
NZD was not strong enough to push past the red zone highlighted on the last occasion, however news from...
Pay no attention.
This is just for fun but shows my detailed noob analysis of the trend for Bitcoin over next few weeks. No FUD just assumption.
a futures gap is elastic and without support by filling it, the price can rebound at any point upon a whale forced implosion.
Therefore the weight of bull action must force a tipping point to fill said gap; this...
- AUDUSD LONG
- 1HR TF
- Previous trendline that has been tested and rejected 3 times, price tests it again for a bullish trend continuation
- Price also is testing a previous resistance that how now became support for more confirmation
- Target of the weekly trendline
Should be interesting to see where price starts as the markets open back up again. My predictions are that this pair will continue on the downside and could be quite a smooth and big move. GBP corrected its price on most pairs last week and now sits nicely to continue with its downtrend as the buyers appear to have lost their strength.
Looking for a bounce off...
The bigger picture: in highest degree is buy buy buy, anywhere down to 1144 / 1174 and target the moon.
Ultimately I want to be long. I feel the core projection for the weekly move down has reached max target at 1195 +161%, 261% comes in at 1145 and 88% maybe a retrace in wave 6 for the set going up from 1105
The second hit on 1210 now looks like wave 4 in set...
Euro looks ready to drop to new low and finish the down move of last few weeks. Here it's made a contracting triangle (top declining, bottom rising.) The move now to the upper trendline termination E. Price can undershoot or overshoot the trend line at point E. Price should not go above 1.1296> Sell 129X target 1174/1144.