We could be getting a move to the upside at this level but we will wait for a more reliable signal next week.
This is what could possibly be happening, however the major trend for indices is up so we are trading the correction here.
The current buy signal is not as soliod as I would expect (reason is illustrated in the chart). However there is a very sharp move to the upside which is coming soon and we should have pending orders placed.
The first blue area has been reached so we should expect a reaction at this level, it is a perfect zone to TP and wait for another signal to form.
Could we be expecting that major corrective wave creating wave 2 or B? The signal will be convincing after the break and retest of the major trendline (yellow line). For now, we sit on our hands (a.k.a getting off the charts and taking a walk,play with your kids, something or anything really to avoid the temptation of preesing buttons we shouldn't be pressing)....
This pair is setting up for a move to the upside, this is a signal in progess so enter at your most prudent discretion with a tight SL.
There is a sell signal after the retest of the key level.
Sticll stuck at the same palce buy we should expect a sharp move that continues to the downside. Also note that the fractals(market structure repetitions) highligted in the orange circles.
This pair is in an uptrend so all we are looking for are signals to buy.
Hopefully many got this perfect re-entry which was predicted from the previous post (connected below).
There was a slight push to the upside but the bears are still strong.
Palladium is struggling to break out of the minor trendline and should it fail to break, look to add to the sell position. Note the fractals in yellow circles.
There is a sell signal subject to any price action changes in the beginning of the week.
Well it appears we had a runningh flat, either way, we are long on this pair longterm.
We should expect a reaction within the blue dotted lines. It will likely be a continuation to the downside.
There is a signal to the downside. Should it break the current high, we leave, we do not fight the market.