USDJPY looking very vulnerable under 113, potential crash to 109This is very weird pattern / wave but I have traded such crazy waves in the past. It can happen if there is a really bad news coming in next few days. USDJPY can close the year under 110 and spend most of the 2018 under 110 if this so happen.
Moves
BITCOIN: BTCUSD Bigger Picture for weekend - lots of trades hereBitcoin: BTCUSD Blow-Off Top
Thar she blows.
The first top has been sliced away pretty much now and she
should try to rally from the trend line around 6360 now and
potentially from this line of support here at 6425...so be
careful now not to give profits away.
This thing could rally all the way back to 6943 again and then
smash off once more...
It would be pretty perfect if it does this, ideally from 6312
but that trend line at 6376 now can also arrest the fall,
maybe with a spike to 6312, maybe...if we see it settle, day
traders can think about the buy back to 6943 and then short
again hard if we see it touched.
Now for the downside potential this weekend:
Once the dynamic support line is broken at 6370ish it should
visit 6115, even 6017. Then at worst 6000 must hold up this
weekend..any failure here will likely trigger another wave of
panic selling back to 5100.
Lots of trades now it's gone so active this weekend probably.
USDCAD - Ranged with consolidationI don't recommend attempting to trade USDCAD as it is currently consolidating the strong move downward. For now downward progress has been halted but we are not seeing any strong confidence in the USD. Overall tone for this pair is bearish with weekly bullish. Perhaps good for intra day scalping but don't expect any reasonably strong moves in either direction.
AUDCHF possible moves to comeHello everyone, i will be posting here my ideas so i can keep track of them.
Why i dont publish in private? Because i am open to any suggestion, so if anyone has something to tell me i will be glad to ready what he or she has to tell me!
audchf possible moves to come. Here i draw a scheme of price with arrows to make the movements clear (at first it might look nothing more clear, lol), even too with lines it is very clear...
Now, if you can see the same that i am seeing, a possible move up might occur, but it is too early to tell... i will be looking for clearer signs of going up in lower time frame.. if the movement up happens, it will be a correction of the big move down, and corrections tend to end within the span traveled of wave 4, so that could be a target..