Lukso Potential moves over the next 1-2 weeksLukso Potential moves over the next 1-2 weeks, will be breaking them down in my upcoming youtube video and what to do in each scenario!
scenario 1 is a straight forward trend within the drawn lines
scenario 2 we see a pull back into a teacup and handle (to the moon after)
scenario 3 we slide into a double bottom and see another large accumulation stage
Teacups
My thoughts on USD/JPYIn my analysis of USD/JPY . Price is at the Resistance Zone and has completed the Teacup Chart Pattern. Price should complete the pattern by forming the handle and sending price to the Support zone to price $109.217. I used price action & chart patterns to make my analysis. OANDA:USDJPY USD/
CHFJPY TeacupThe chart shows it. I hid the indicators, but I'll keep an eye on it and see how 8:00 meets us.
Based on price action, I see a teacup formation with a Price Reversal Zone at the top. I'm thinking about recent trends. It looks like it'll continue upward for some time, but we're in a reversal right now. If you can go a quick sell trade, you can probably try it. Again, check your own charts before acting
I'm kinda busy today, so I can only sneak a couple mins an hour to check the charts. I'm going to try to move with the greater trend and see.
But I think this may go long for some time
XAUUSD (GOLD) -Set to fly to levels beyond $1350+ after pullbackGOLD -
Gold set to pullback to buy zone between $1302 - $1308. Within the buy zone, the market would have completed the teacup handle which is a good indicator for a buy.
After the slight consolidation around the buy zone. Bulls will take Gold creating new higher highs.
FULL BREAKDOWN VIDEO OF THIS ANALYSIS IS ON MY FREE TELEGRAM CHANNEL @FreedomTraders1
USDJPY 2 Tea Cups & Possible Double TopUSDJPY 2 Tea Cups & Possible Double Top
I'm active in the teacups if it closes above resistance I'll be closing these trades out. I'll take the 618 retracement as well if it doesn't though.
Moving Averages are a good distance apart as well.
E1: 111.48
E2: 111.598
SL: 30
TP: currently 50
if resistance holds and it goes down to the 618 as stated above I'll be adjusting TPs to at least the 0% fib.