Caleb9995

Caleb9995 Updated 

EU has been down trending for some time now and just broke below 1.14500 which is a crucial level. We had LL & LH established and then continued to descend once again and now we have our pullback to the 78.6 fib level. Last night we had two stop hunts and now an engulfing candle. Also on the 4hr we had a lot of wicks which means buyers are being exhausted and...

Caleb9995 Updated 

MMs need their money back targets are the 38.2 and 61.8 which is 1225 and 1220 also key pysch levels. Daily has alot of exhaustion around that key 1237.50 level and i believe mm are collecting orders up there before the down fall. This could fall for some time but take profits at key levels and then reenter later this week i see more movement to the downside.

Caleb9995 Updated 

We have completed our fib extension from the 4hr time frame all the way back from 1.18000 key level down to 1.13000. We also completed Elliot wave and now looking for the reversal pattern ABC to be completed. Also one hour timeframe we had a break of the countertrend line with a retest last night because the stop hunt. Looking for 4hr fib to line up around 1.14500...

Caleb9995 Updated 

Gold completed Eliot wave 3 pushes with 2 zones of consolidation, MM need their money back targets are the 38.2 and 61.8. Break of counter trend, line lower time frame ema crossings, 4 hour bullish engulfing with sellers exhaustion. The dxy also is having bearish movement and think we could fall for some time.

Caleb9995

EU has completed its fib extension from higher time frames (4hr). & hit a strong support 1.13000 it is breaking the counter trend and lower time frame emas are starting to cross as well. DXY has plenty of confirmations as well for down side potential. Waiting until we completely break the counter trend and possibly 1.3500 and get a retest on either the trend line...

Caleb9995

Dxy has been bullish for some time now, we created a HL on the 4hr time frame and finally got the extension. Now we haven't created a HL on the 1hr time frame and I think we could come back down to 96 and that would come to the 61.8 fib. That would send us to 97.2 area.