After breaking the long-term trend line, GBPUSD has built a ground for itself in the 1.2760 area. My view is long GBPUSD at 1.2850 (buy limit) with a stop loss at 1.2650 and targets as shown above, however, maximum target is 1.3490 It is recommended to open multiple deals and close one at each target, as well as dragging all SL orders to breakeven once price...
This is more of a mid-term/long-term view on platinum and commodities in general. Im very bearish in all commodities and metals until the trendline gets broken. Commodity should be the headline focus in the coming weeks and months in my opinion and Im expecting a price target for Platinum of around 833.00
ABCD Pattern on Weekly Last Candle close above wave B in the smaller Timeframes we have a correction for the next Bullish Leg TARGET @ 1.61865 & 1.62 / 0.61 Fibo TARGET @ 1.63580 & 1.64170 - WAVE D
Wrap-up: Morning strong down move found support at 5WMA at 18014. Though too early to say, an outside week is forming on the weeklies.
Chart says it all Tweezer double bottom forming on AUDUSD.
Waiting for a 3 wave pull back to go short @ 1.2311 - 1.2360 Stop @ 1.2568. If I get stopped out, My next short entry @ 1.2746 which is 38.2 % Retracement of Wave 3. Also cypher pattern will be completing same area
It is time to pick up the leftovers from the large decline in WGO after missing its earnings target. The stock plunges to a daily/weekly demand (support) that has earlier shown good demand. This kind of falls that is piercing the Bollinger bands and the RSI values in such an extension is normally due for a mean reversion setup. Recommend an entry at market after...
NZDUSD just crossed weekly support. Waiting to see if price presses up into new resistance for a shorting opportunity.
The USD still going very strong in all currency pairs and as long as buying Gold is not an alternative, I see this bearish trend continue. Based on structure and ratios, I see a potential AB=CD pattern in the making which would complete around the 0.786 retracement of the last impulse leg. It will however not be a straight run down the hill as we'll have to break...
Price getting rejected at weekly resistance for the second time, this time putting in a really long wick at reversal zone. RSI overbought Looking for profits around previous lows or bottom of upward channel
EURCAD has posted a bullish engulfing candle on the weekly chart, bouncing from weekly support and inbetween the 38.2 and 50% retracement level. I would look for a retracement of last weeks move to enter long, with stop below last weeks low and targets being around the 1.47 mark then 1.52 in extension
Major weekly structure confluencing perfectly with 38.2% Fib retracement of the last swing down back from 2012. The RSI is extreme overbought.