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GO LONG TOMORROW ... AFTER 12 AM EST SNIPER ENTRIES ARE OVER.FOMO doesn't see inflation as a problem right now as CPI is steadily increases. The Feds will tighten policies with the help of Job Biden new appointees. This will cause the US stock market to fall further. A hawkish projected FOMO will cause a major bullish move for DXY-If interest are actually raise tomorrow- Powell has hinted this in the past. An immediate increase may cause a drop that may crash the us stock market. Tomorrow is 100% macroeconomics in full effect. DXY just recovered from an overbought resistance level. Right now is too soon to expect a major bearish move. Retail traders will analyze this as a perfect bearish move. The bullish spike will hit all stop losses.
You Seeing What Im Seeing? ⬇️⬇️⬇️So, as of now it looks as though we are just about touching the 200 MA. And RSI is till oversold! It's looking very good for bears in the grand scheme of things. Wonderful time to load up your low leverage shorts! (Not Financial Advice). We will have great support at the 8500 level when we do come down. And even greater support at the 8100 level. Nothing to fear though. Things are looking great. 😄
EURUSD short as 127 extensionafter checking for the cypher pattern was invalid
will take this extension trade as per the targets showing
the pattern was invalid as only the wig touched the 127 extension
closed the trade now still profitable however
started a selling position as per the chart showing
happy pips hunting everyone
Commodities & Equities ReversalCurrently watching Bloomberg thinking every big guy & media is covering up the fact that the markets have turned and we are in for a rollercoaster ride.
Everyone seems to be just looking for a catalyst, an excuse, in an attempt to protect their own interests, when the charts say it much better.
I believe gold and silver is headed much higher in the next 2-3 years, and if you own equities you should be hedging your risk by going long volatility products such as VXX, TVIX, UVXY.
EURUSD: Did Wave C Just Start? Bull Bat TP1+TP2 Hit (+222 pips)No sooner can I click the button to close 70% of my LONGS from the bull bat positions than the market goes nuclear!!! Aaaarrrrggghhhh! If I had just waited another few minutes.....oh, well. Can't complain about making profits though.
So this pair has now hit both the TP1 and the TP2 of this bullish bat that was completed. It seems that the .707 retrace within the Goldilocks Zone and also the extended 2.24 AB=CD targets were enough to trigger the bull move. So is this the beginning if the wave C up I have been talking about and being so patient waiting for almost a WHOLE MONTH now? YES! It could very be. At least I am now playing it that way. I still have my LONG positions that I started to build back from the H&S pattern on the previous wave up that was the bottom of this contracting triangle consolidation I had mentioned back 30 days ago was a possible scenario. Here's an updated look at it and what I am expecting:
I'll do a full analysis this weekend and post it. But for now, if you are with me....ENJOY THE RIDE! And stop doubting the Power of Patterns!