Wait for reversal signals before entering this trade Excellent RR
TECHNICAL OUTLOOK POSSIBILITIES SUPPORT LEVELS 2.711-2.562
GHOST TECHNICAL PREDICTION FOR TSXV:EMC BASED ON ECONOMICAL EVENTS AND KEY BREAKOUT AREAS
-Level 3 type close on this Support channel with candles closing on the other end of the dynamic trend line -Medium risk opportunity to go long on this pair on a technical outlook -Orders pending for head and shoulders breakout
NZDJPY waiting for confimation for an entry
Technnical outlook USDCHF flag triangle, targetting support level 1.000xx 121 Bearish Harmonic pattern in play Pending orders ready for breakout
AUDCAD failing into dynamic range once again, with a possibility of a breakout to upside delivering a continuation of this bullish IRR retrace. On the other hand a break to the downside of this pendant will give us a better indication to where we should place our entries to trade this pair.
Sterling looks to be capped at the most recent high of leg D of this Black Swan pattern, even with the pressure of negative CPI data and tensions with the east the DXY is looking to extend some upwards action with US yields data. Sterling on the other hand doesn't have much to stand on as most of the upside momentum has been delivered from US data and news. ...
EURUSD -Current price is floating under the 200 MA -Elliot wave forecast is looking to complete another wave to lower lows -EUR weakness is apparent across most pairs -This pair will be quite unpredictable this week until we get a clear breakout in either direction. -Economical data is in favor of a further movement to the downside. -Tips: Remember the major...
Possible short breakout setup Economically supported brexit possible fake breakout in between 1.260xx-1.263xx
-Bullish Retrace Setup on EURGBP -Bullish impulse wave is highly likely to follow from point D on this harmonic bat -Bulls should deliver in the next European session, lets see how it plays out
FOOD FOR THOUGHT
121 BEARISH HARMONIC PATTERN POSSIBLE WAVE EXTENTION OF LEG V EURCHF PRICE SEEMS IS LOOKING TO BREAK PAST WEEKLY RESISTANCE OF 1.067XX THE POUND IS INCREASING ITS DEVALUATION WEIGHT ON THE EURO HAS PUSHED THIS PAIR TO A TIGHTER RANGE AS IT MOVES TO LOWER LOWS OVER THE PAST WEEK. CH20CHF ALSO HAS BEEN ON A BULLISH RUN SINCE 2016/11 SUPPORTING A FURTHER DOWNSIDE...
BREXIT WAVE CONTINUATION BEARISH BIAS ON THE POUND INDEX TARGETING 136.5XX
GBPAUD looks to consolidate in between 1.662xx and 1.670xx until the start of the European session Dragon setup will give me a indication of market direction but I wont be using it as an entry until further confirmation. If GBP breaks the major trend line I will be looking to go long after further analysis but if it breaks the hourly resistance line I will be...