Forexmademedoit
Rally to top of channel OR previous high B4 corrective fallWith this DAILY Impulse, we MUST get a DAILY correction!
Watch on smaller time frames for indication of the correction
~Always remember to look left!
<--- Q~Q
GBPUSD - Fall after test and retest from topLower timeframe show an ascending channel. Let it ascend to the top
Be aware of retests!
~Always remember to look left!
<--- Q~Q
Needs big correction BEFORE the next big impulseWeekly impulse needs a weekly correction/flag.
Once Flag is formed, risky yet profitable Buy from the bottom of the flag.
Possible profitable scalping sells from top of flag
~Always remember to look left!
<--- Q~Q
Zoom has more to sell off!$326-ish target looks to be on the horizon
If sellers can keep up strength, could get to $317-ish and will not hang out there too long before correcting back up to $334.
Then another flag may set up for further bearish movement.
~Always remember to look left!
<--- Q~Q
DOW surge since #USA shutdown IS a correction to prev impulseExpecting the next hard impulse/continuation @ around 48 - 50.30
Your Thoughts?
~Always remember to look left!
<--- Q~Q
Previous Fake-break-out indicates another Fake-break-out to comeTesting a theory
~Always remember to look left!
<--- Q~Q
British Index will GAP UP when market opens this weekBXY (British Index) will GAP UP when market opens.
Will it go back up to daily trend line to correct the drop since March 6?
Will it only correct 61.8% before its continuation back down?
~Always remember to look left!
<--- Q~Q
Trump misstatements drives market UP - Virus news drives it DOWNDXY moving up to top of channel
OR
moving up to previous high, THEN move down.
OR
It can break through top of channel/prev high STRONGLY and move up to Jan 2017 high
OR
news on world virus will drive up fear which will drive the Dollar back down to Feb 2018 lows.
~Always remember to look left!
<--- Q~Q
Pair moves opposite GBPJPY - Sell set up for the correctionEXY (EUR Index) moving up to top of descending channel. The impulsive move may continue up, breaking through the channel
OR ----
The ascending channel being made will create a correction to 109.30 area.
BXY (British Index) moving up after hitting bottom of descending channel. NOTE: This could be a flag forming leading to a push down creating a lower low.
WAIT FOR LOWER TIME FRAME CONFIRMATIONS on EURGBP for how the Euro & Pound currencies will effect pair. Consolidation possible
~Always remember to look left!
<--- Q~Q
BUY set up for the correction on GBPJPY - may need lower lowBXY (British Index) moving up after hitting bottom of descending channel
JPY (USD safe haven) is bullish breaking downward trend line with possible correction to the downside coming up @ 93.10 - 93.20 before the continuation
~Always remember to look left!
<--- Q~Q
GBPUSD at bottom of descending channel = BuyOn Daily:
DXY moving down, ready to correct up -- BXY moving up after hitting bottom of descending channel
~Always remember to look left!
<--- Q~Q
Safe Haven PlaySafe haven play
Falling currently but expecting it to shoot up strongly Wednesday ( oil news day) along with other safe haven pairs
~Always remember to look left!
<--- Q~Q
Will it retest the trend line before moving back up or breakdown~Always remember to look left!
<--- Q~Q
Short 200 pips from the top (prev high)News on GBP's heavy this week PLUS NZD news - both on Tues .
BE READY
~Always remember to look left!
<--- Q~Q
Short from top of channel - EURGBPIt looks like its making a top of channel retest before starting its way back down.
Let it touch top, create a reversal pattern and ride it down.
A change in pattern can always happen - track your patterns on lower time frame for intra-day trading
~Always remember to look left!
<--- Q~Q
