he have possible falling wedge on downtrend what indicates up to 1.163
If you know my previous triangle, then we have there another descending triangle, but 5x bigger than previous. All above 1.150 is BULL, next TP per this chart is 1.167 - 1.170 (pink area), then will see if break top and go to 1.18 or still not enought and again down. But for me is this bullish + possible inverse head and shoulder i post 2 weeks ago
Ok people , this can be real forming of descending triangle on up trend . Our bottom (double bottom) is 1.153 and we headed up to 1.166-1.167 max ... if this number hold, then we will go back down to 1.153 and then only up to 1.172-1.174. This is forecast for next days. If this chart is valid, then we will not go lower then 1.153. And as i wrote from previous...
many of you see only downtrend blue channel and still see it will continue downt ... but you must try think little different and look on market different. Thats why I see this - we have 2 spikes down with new support line and i wrote we can have new up trend forming from downtrend. And above 1.160 will be real and no more down. GL all, my first TP still valid...
possible inverse head and shoulder forming on small tf up to 1.160. On CMP down few pips and then up 50-60
30 down to 1.153 i wrote from yesterday we will go there and then will see. If break then we can go to 1.149-1.150 .. if 1.153 hold then 100 up. I prefer up from that as first TP 1.163 and then higher
I post few possible scenarios. Its hard what will be real, because market is really retarded last weeks. On this can be possible forming big bull flag or only simple downtrend. Will see, but above 1.163 we can see big way up
as you see eurusd going great i wrote on weeked, headed down to 1.159, then up and we will see 1.1675 as first TP. There can be scenario we will go higher, but on hit this i recommend SOER
On high weekly tf can forming big inverse H&S. Our top on this big chart is 1.180 and bottom 1.150-1.153 ... chart say SOER, but if we go down, then no more then 1.150. under 1.158 next min 50 pips down. If we hit 1.153 then BOED active possible up first 400 pips, but overal if this H&S valid then we can go from 1.15 up 700 pips.
We are in 2 range now, so trade care. Top is 1.1710 and bottom 1.1660. Under 1.165 is sell 20-30 pips down, above 1.1710 next 1.175. on cmp we are not on buy and not on sell .... waiting for data. no reason open trade now
This is my view and forecast of next moves DX. Will see, if will be true or only scifi :)) On daily we can have possible rising wedge reversal. We hit now small blue support line, but it will break and DX will go down to hit bottom of strong wedge support 94.70-94.85 (red square). Then will see, if break or bounce again, but i think, we will repeat again way up...
This is mix of my previous charts + forecast about next moves. 1. We was in symmetrical triangle (dotted lines) with breakout bottom and headed up 2. On up way we have 2 big indicators Inverse Head and shoulder (red arrows) and cup and handle (cyan). All this 2 I post on previous chart and going well. But as you see, we are on necklace area, so depend if break...
I think we will have some gap up on gold, but not much and way down to 1192-1195 what is top line of downtrend. Then will see if break down to 1183 or back up to green consolidation area 1208-1218 where I see its a sell area. This friday Powell speech could be temporary and gold is weak commodity and overal is SOER. If it break green area then 1236 - 1244 can be...
what if we have this scenario, cup and handle forming and we will see big up move to 1.175
on current market i see possible rising wedge with top 1.162-1.163 then fall down 200-300 pips. bottom of this is 1.153 , under not valid and headed down
on current market move i see possible rising wedge forming with max 1.162-1.163 then fall down. bottom is 1.153 under no valid.
i see on current chart forming rising wedge with max up to 1.162-1.163 then fall down. but its only idea, not real now, need more pips for that.
We have possible Inverted H&S. We hit daily bottom from 6.8. If we go under 1.153 then fall down to 1.13 . If 1.153 hold, then up to 1.162-3 and then will see what next. If break necklace then we have H&S and up 200 pips. So now if you want buy, then SL under 1.153. But dont sell now, wait for break. www.facebook.com