MrElconia

MrElconia Updated 

Until the Unemployment Claims result is released, there won't be much movement in the price. My prediction is that the price will go up after that.

MrElconia

A retest on Yearly Pivot from the bottom is likely as the price has broken through Yearly Pivot and 4H 200SMA. When the price reaches the demand zone and trendline, we can expect the uptrend to continue.

MrElconia Updated 

Officially, we are still in the uptrend channel. But, with such a long period of consolidation since new year and the great economic news of the US of NFP and CPI, it seems to me that the uptrend is unlikely to hold and the price is preparing to break through the channel and will start to fall. Do you share my view? Will the uptrend continue again today or will...

MrElconia

Right now price has bounced from yearly pivot twice and we can see that because of NFP news there is a fakeout formed that further confirm rejection. I noticed that price is making cup & handle pattern. I'm planning to take long on monday.

MrElconia Updated 

Entry on monthly pivot and downtrend trendline. Just be careful, because on higher timeframe we still in uptrend.

MrElconia

Price has moved inside uptrend channel for quite a long time, and now it is nearing the bottom trendline again for the 4 times. It is a good idea to wait until there is a good candlestick pattern before we buy.

MrElconia

Simple market structure with fibonacci and demand zone as confluence. It will be better if you wait for candlestick pattern on H1 or H4.

MrElconia Updated 

As you can see, price has breakout from the flag and it provides an opportunity for Buying Setup.