848evo

848evo Updated 

PA has taken out the large cluster at 1.09 as well as hit hard resistance from the 61.8 fib level. VP is also at a low. Looking for a big reversal back up from here. Two potential targets up top, will update as trade progresses.

848evo Updated 

PA spiked up as wave 5 and tapped the 61.8 fib before falling rapidly back down. We may see a retrace back up, but overall we are not in a bear trend to test lower clusters.

848evo

PA is currently stalled at the 272, but I believe we will see a further move up to hit the 61.8 fib / upper sell cluster to finish this divergence correction and then we should see a continued drop down as the DXY regains strength.

848evo

Looks like USDJPY has a ton of action going on, lots of orders placed everywhere. There is a massive buy stop right above the current swing that will probably get taken out and spike up briefly to test the falling TL before moving back down. If PA can break and hold the falling TL, then we could see a further rise to take out the upper clusters.

848evo

PA is still ranging in the wedge for another day, waiting for breakout to determine direction.

848evo

PA has bounced strongly, but I'm still not sure if this is the real up move because that buy cluster area at 1.095 wasn't completely taken out and the lower part of the cluster is still strong. Will wait and see.

848evo

PA has bounced up, but did not hit the cluster at 113, it hit close, but that cluster is still intact. PA is now in between a range of clusters and if it hits the top buy cluster, we could see a potential break of the upper channel line. I'm still thinking that PA is going to turn around first and use that sell cluster right below it as pressure to target the...

848evo

PA has dropped to test the 272 and is now trapped in a tight range. Two potential moves, but will wait for a breakout first.

848evo

PA has hit a major daily TL and I think we'll see a substantial bounce off this level before reversing and heading back down to target the 1.08.

848evo

PA ooks like it might be headed down, but still a bit uncertain if this is the true down move, I still think PA might spike up once more to hit the 61.8 and the upper cluster before the real drop. Staying neutral for now.

848evo

PA is struggling a bit to break the minor rising TL but if it can break through, we should see a drop down. If PA is unable to break this point, it could potentially want to hit that sell cluster up top at 128.818 before the final drop.

848evo

Please read!

848evo

Looks like China bought up a bunch of Gold, PA broke the crucial 1265 resistance and spiked up to hit the 272 area. If PA can break the 272 and hold, we will probably see another move up to test the 61.8 fib. If PA is unable to break this level, there are still a bunch of very strong clusters down below to target.

848evo

Looks like PA is running out of steam and is starting to fall. Our key point will be the support cluster at 103.051. If PA can break this point and hold, then it could be the beginning of a long bear run down

848evo

PA is still struggling to go any further up and we see minor divergence on the RSI as well. Still waiting for PA to move up to the 61.8 for entry short, but if PA can break out of the wedge to the bottom, that would be another good place to enter short.

848evo

PA seems quite confused at the moment moving in a thin range. I'm still expecting PA to drop a bit more to hit the resistance cluster at 1.0960 first before an up move.

848evo

PA dropped hard and is approaching the target box for a potential reversal. Waiting for PA to hit and then will re-analyze.

848evo

PA failed the break through the 1.89 level yesterday, then reversed and broke the swing low. I believe PA will continue down along the falling TL to hit the support cluster at 1.08 which aligns with the 1.618 fib.