A Healthy Dose of Doom and GloomKeep away from sidewalks under windows.
MACD:
RSI:
Will the monster eat you too?
Going
GBPUSD DOWNSIDE READYANOTHER POST TO SUPPORT MY PREVIOUS BIAS ON GBPUSD AND THIS BREXIT AND HOW ITS PAINTING THE PICTURE BEFOREHAND
GBPUSD LOOKING SET TO MAKE LOWER LOWS AND ULTIMATELY SHOOT ENGLAND IN TO A RECESSION
A-B-C-D STRUCTURE
PRICE HOLDING FIRM BELOW 1.4710 WITH WEAKNESS AND MACD DIVERGENCE
1.35000 WILL BE THE FIRST TARGET
EURJPY My overall thought is bearish based on what i see at the moment but im sure when time unravels a few more candlestick my views may change
AUDUSD DAILY COULD GO EITHER WAY KEEP AN EYE ON ITHowdy,
This could go either way so worth keeping an eye on this pair as today's candle has not finished yet
We have as you can see resistance but that could break through and retest as new support to go higher or create a new lower low.
As always any feedback welcome good or bad.....still learning before I go LIVE
BITCOIN: The coming hours there will be some nice red candles.The double top of yesterday broke down, although it did not go straight down to 240, we were able to take profit. Unfortunately that same pattern is not visible on the huobi charts, where there was a weird head and shoulder / triple top-ish pattern. Nevertheless, all charts where pointing down.
Today I use BTC / CNY on huobi for chart because it illustrates a perfect bearish wedge which is about to break, most likely to the downside. Time to stay alert, wait for the break down and open shorts with a very tight stop loss just above the lower trend line of the current wedge. When the break down occurs, it will be a FACT that we will visit 1540 support (which is about 245 USD, same target as called yesterday, it is still valid).
I think we will see some nice rebound after 245, so stay tuned as I will update as soon as the current targets are reached.
Good luck!
