Al-humaidy

Al-humaidy

U can confidently sell eur usd now. the rising wedge has finally been broken

Al-humaidy

if usd cad manage to break that counter trendline i will be buy. considering the bullish structure of usd

Al-humaidy

if gold somehow break that pattern we are going down below that upward channel. reason being because of the divergence that forms on daily

Al-humaidy

if GOLD manage to break that trend line nothing will stop it from falling and reach that blue area.

Al-humaidy

it is imperative for nasdaq to witness deep retracement due to the divergence that occur on the weekly timeframe. that is to say, the current consolidation that is happening currently is a distribution by institutional traders.

Al-humaidy

gold should fall after it break the pattern, and considering the divergence that form on daily

Al-humaidy

i believe oil is done with the ABC correction now should start anticipating a bearish continuation from here

Al-humaidy

this is my long term projection on gold base on the ending diagonal pattern that is currently forming.

Al-humaidy

this is my view on usd index. despite the fact that usd is still struggling in consolidation i believe it is still going to be bullish because all the fundamentals lately are in it favor.

Al-humaidy

the bullish scenario will be only valid if the pattern is validated

Al-humaidy

it is time for eur usd to continue it bearish move after completion of its ABC correction

Al-humaidy

if USDCAD managed to get out of the retracement pattern then we can sell

Al-humaidy

USDCHF has manage break the bottom of the double top that form on daily. it is now retracing to test it. if it manage to break that yellow line i will be selling

Al-humaidy

THIS should happen if the price manage the break the ascending wedge

Al-humaidy

GOLD seem to have finally managed to get out of of 5 years consolidation. however doing so with such pattern formation is very unhealthy

Al-humaidy

GOLD will definitely retrace massively, it just matter of time.

Al-humaidy

NASDAQ is trying all it can to shake out the weak hands before the free fall. but i am not falling for that.

Al-humaidy

After an impulsive move to the downside, we are now once again having a complex correction, i am expecting a continuation to the down side after the price breakout of the current consolidation.