US DOLLAR BEAR BAT AND POSSIBLE CRABExpecting a bit of relief from this dollar rally soon with this BAT formation followed by a push beyond the BAT to a BEAR CRAB...
Good Luck!
KEEP THE RADARS UP!!!
ABC
EURUSD OPTIONSI believe we will hit target 2. The rest is speculative! If we break T2 SELL the BAT. If we reverse at T2 be prepared to SELL the trend line break lower.
40+ Pips BUY remaining to T2
Good Luck!
KEEP THE RADARS UP!!!
EURUSD: Expectation based on ABC Hi traders,
I'm just testing this ABC movement on the EURUSD. Want to see if we can complete the black (A)(B)(C) cycle and the red ABC cycle.
Cheers
EURUSD HEAD & SHOULDERS75+ Pips SELL remaining...(90+ Pips with a pullback)
Good Luck!
KEEP THE RADARS UP!!!
EURJPY 2618/BEAR GARTLEYAlready in progress but plenty of pips left in this down move!!! WAITING FOR A PULLBACK...keep you posted
150+ Pips SELL remaining
Good Luck!
KEEP THE RADARS UP!!!
USDJPY. Don't Try To Catch The Falling PianoThe consolidation described in the previous post completed.
The target for this drop is located withing the Y108-110 range
(50% Fibonacci / c=a / downside of the trendline)
and highlighted in green rectangle.
Gold Ends the Week touching the 1221 Resistance LevelGold rose higher today after shaking off a selling spree after the NFP numbers were released. Prices fell right to the 6 day moving average before buyers stepped in and gold prices rallied. Prices continued to move higher right up to the closing bell and the action stopped @ 1221.6. Let's see what happens next week but if price can finally break through the 1221 and close above it (yes, I know, I've said that before :) ), the first target would be 1241, the .618 fib extension of the (A) wave. However, if this is truely going to be an ABC pattern, then price will hit 1278.6, the full 1.0 measured move.
Here's the simplified Heikin-Ashi chart. Although we are in a solid green uptrend, today's candle was an inside candle which suggests that it might take price a couple more days to blast through the resistance.
Here's the weekly chart. Notice that price on the weekly is now right at the midline of the BB. That's equal to a 20 day ma. If price moves above here, the odds are good that it will move to at least the blue BB at 1284.
The final chart I want to look at is a monthly Heikin-Ashi chart. January ended as a red inside bar and so far, the February action has been all green. If price continues to rise, February could be a great month for the bulls.
Have a great weekend!
EURUSD BULL CYPHERMaybe the slowest trade ever...or not!
25+ Pips BUY
Good Luck!
KEEP THE RADARS UP!!!
Gold Breaches 1220 but Ends the Day BelowGold pushed up past the 1220 resistance level for the 3rd time since the start of the year, only to be met with strong resistance and falling back under 1220 to be within the range from 1182 - 1220. While I am still long, the upper wick on today's candle is not the most encouraging for the bulls.
On the bullish side, price is still above the 6, 8 and 21 day moving averages and sandwiched between the 1.0 and 1.5 Bollinger Bands (blue and cyan respectively). The Heikin-Ashi chart below is a little more encouraging with the 3 previous days showing solid green candles without bottom wicks.
Tomorrow is NFP at 8:30 am EST. Let's see if that can push price past 1220 once and for all and get this bull moving!
