M-G

M-G

Price may fluctuate, the behaviour of Oil, currently in an inflection zone will give traders clues on direction. Breaks and closes below the red line will add bias to the sept - nov sequence as a dominant trend. If a wave 5 (yet to appear) is available price will need to break well above the blue line. Traders must then evaluate whether price truncates @ 618...

M-G Updated 

76% of retail traders are long on oil. The current price of oil is caught in between an argument with Opec + and the G7 economies. Lower prices can alleviate the US inflation prints. Until there is a fundimental shift in the fundimentals, this is a clasic bank round trip trade, price targets are shown, we are in a strong 3 wave correction off of the September...

M-G

Currently @ Resistance on the Hourly with a nice push off a re-test of the long term weekly wedge formation Levels to watch: 1.2260 marks hourly 7th May Swing Low Just above @ 1.2289 marks the underside of current structure with 21st April Daily Close. Bulls need to take out this zone for further upside. 1.21740 bullish invalidation Looking for long...

M-G

Brexit's started to push Cable weaker again its the Flu that never heals! We may tank next week, we may bounce into a pull back. Just wanted to share this chart as this particular wedge has been extrememely accurate over the last 18 months in hitting some bounces into larger trends. There comes a point where they get over used and invalidate themselves i.e. the...

M-G Updated 

Currently neutral on Cable. Following our necessary 'if then principle' to prepare us for the next move- Scenario 1. We break the current accumulation phase and fall in which case prepare for a drop to the 50/618 level Scenario 2. USD weakens, Cable holds the break and heads to the 127 extension. This zone is a key level as it aligns perfectly with a series of...

M-G Updated 

Potential of either a 2nd corrective leg to the 100% Extension or the begining of a wave 3 to a new high at the 127 Extension. Invalidated if price closes below the 50/618. Entry option would be to wait for a 382 bounce which would be ideal allowing for a tighter stop, I am not sure if we will get there in the next hours. Another option would be to see if we get...

M-G Updated 

Through out last year Gold has been following an almost perfect 5 wave count. There are a huge amount of uncertaintities this month we will all need to work around. That said, keeping things simple and looking at how we can be nimble and adjust our strategies accordingly, I am anticipating Gold to follow a corrective 3 wave count with a test to the underside of...

M-G

EUR/USD has finally come alive. I have the count on the last sequence as a 5 but cant see the counts clearly beforehand as its just a mess. Either way, constructuve on EUR/USD for the next 2 weeks or so. Either we see an ABC correcton or the start of a potential Wave 3. Either way, appears if EUR/USD may be in the begnning of an uptrend. Targetng December High at...

M-G

Last Line of Defense for the S&P 500. Be safe, be smart, be vigilant. I'm keeping things simple and treating support as support until it isnt. No Im not going Long here but I am watching this zone like a hawk for a HH series on a LTF.

M-G

Here are my ideas for a possible up trend beginning in the Kiwi. Looking to ascertain whether we are moving into a larger up trend or a correction. Will need to hold the position through the RBNZ decision on Wednesday. Looking for a break above Target Level 1 to give confidence Up trend is intact. If that happens (If Then), looking at holding the position to...

M-G Updated 

AUD appears to be gaining a little strength, the housing crisis seems to be slowly repaiting its self which I have been tracking carefully. Price tested .68700 without too much trouble. Looking for a re test of this zone with a 2nd potential target @ .69800 on the basis the trend is strong Late entries- Best case look for a dip to the top of the 4 hour engulfing...

M-G

Gold has completed a Weekly Wave 3 high and is heading into a Wave 4 correction. This makes logical sense, trend is up, large gains have been made and price has reacted perfectly to the weekly/monthly resitance levels at C 1565. Price needs to cool off and refresh before resumption. Be mindful of choppy conditions until completion- Wave 4 can often whip saw...

M-G

Heads up on the DXY- Interesting inflection point. Watch for a Trend Line break or broader support to give some directional bias on trades with the other majors.

M-G

If we get some confirmation the current 4 hour flat breaks to the upside looking for a move up to the 1618 extension. GDP on Friday needs to be in favour and taking into consideration Sterling is moved only by Geo Political event risk currently.

M-G

We have a probable ABC correction in play off a 5 wave count which may lead to a resumption of trend for the break above 1350. Two possible targets marked at the 1262 zone and a 2nd Target between 1253-1245. I would be interested in a looking into a long position for resumption of up trend at these two target levels on the conditions the analysis/fundimentals are...

M-G

We have a probable ABC correction in play off a 5 wave count which may lead to a resumption of trend for the break above 1350. Two possible targets marked at the 1262 zone and a 2nd Target between 1253-1245. I would be interested in a looking into a long position for resumption of up trend at these two target levels on the conditions the analysis/fundimentals are...

M-G

CHF/JPY has broken a key level of resistance @ 112.100 as well as the 382 from the '18 High to Low. We are currently holding above the 382 and @ 12.00GMT Friday printing a rejection bar to what is now support on the 112.100 level. RSI is currently holding above 60 Kumo is showing a bias to a larger move to the upside Just above we have the key weekly Resistance...

M-G Updated 

Guppy broke this months T Line pushing down into previous support now resistance. Clear bounce back up to T Line Resistance with an epic fail printing a nice wick through the T line. Head and Shoulders pattern now complete. After continual and failed attempts to pierce T Line we're back at the neck line. Im looking for bearish entry reasons on the 15/5 chart...