I am expecting continued weakness and selling into the 175 area. Market retraced roughly 50% of its first leg down. It's implied target is 174.70
This lows to lows extension has provided previous short entries that ran to targets. No surprise market ran out of momentum at the 190.50 area. Unless bulls find some conviction or yellen makes a serious policy change I expect lower prices down to 176 area at least.
Bulls are still in charge of AUD. Until 8922 is broken decisively they stay in charge. This fib has traded to target 4 other times and is still attempting its 5th. Long target is 9121 area.
Euro has been a bit choppy lately and I have not been trading it much. However, It seems to have put in a solid bottom after twice testing the Nov. Point of control down in the 3518 area. The most recent long that has traded has targets at 3730. The months of December has a point of control in the 3750 area, marked on the chart. This could act as a magnet for...
5 Minute entry to this sell-off. This is an observed level that has traded already and is a higher probability setup.
Market is right between multiple setups. The larger daily short I have mentioned ( ) has traded but has yet to break the 4th test of a long setup that has traded successfully three other times ( ) Until this long setup breaks longs are still in play. I took a short setup last night and have exited half my position for 30 pips. I am leaving the other half to...
The high-to-high fib extension has provided two other buy entries that have traded all the way to fib targets or higher. It is currently pulling back and setting up for a third entry. Second entry taken earlier today: Entry at the 8885 area Stops below 8872 Targets up in the 8965 area Note that the target is up near our longer term short area mentioned here: ...
UJ has broken down. Next short setup that should trade on UJ. Short the 102.10 area down into 100.15 area. Almost 200 pips.
UJ seems to have found some buyers at the Dec. Value are low (101.77). Attempts above the Dec. POC have been sold. It might be good to just look for shorts around 102.95 area (Dec POC - not labeled red line) and look for longs around 101.70 until this market picks a direction - likely towards the 100 level. Market profile - gyazo.com
I am expecting continued consolidation between the lows and the Jan POC. before we finally break to the upside and trade the Fib level above which will trigger a major short that has targets around 8500 level. More on the fib level mentioned in a previous post: Market Profile: gyazo.com
Potential short here that has traded before (marked on chart) I am not expecting it to trade all the way to targets at 8572 but could provide a short to test the lows and lead us back in to the the larger short I mentioned earlier this evening - Of note is that we are at the upper edge of value. We might test this weeks lower edge of value at 8727 or our...
Aussie is setting up for big down move. But first we squeeze higher to 8970 area. The fib drawn from the Nov. swing lows at 9278 serve as the anchor. This anchor has provided four other moves to fib profit targets marked on the chart. This same anchor and is what provided us shorts from the 9100 area to our current lows. I mentioned this sell area from fib long...