I am still looking to short this s*** . We have a neat double top on 1h
Channel looking down. Weakness in the last upper leg, can't go above the previous one. Might expect a break down below the support level, but for now, that's a safe target.
Just one scenario in a million. Trade carefully.
We have reached a moment where we need a correction. USD is rising on many pairs, so I would expect to see one more leg short. Hitting the previous support level, however, I would expect a bounce back on track. With the fundamentals coming out this Thursday, I am really bullish on euro; however, investors will be too afraid to take any action before that, leaving...
bounce from the resistance level, some fighting, and turn to bear.
We seem to be in a falling wedge. Which suits me fine. The price went further than 76.4 fib support (which is the last I will take if I am looking for a mere correction) and seems to be bouncing strong from the upper wedge shoulder. Expect a second test of the upper shoulder, potentially breaking the shown trendline up. After that, looking for good short...
Gold is a bit of a pickle. I think both scenarios (long - yellow and short - teal) are quite possible. It all depends on how price reacts on 1250 support level. For long, I would expect a very aggressive bounce up. Perhaps double bottom on lower TF, or some other revearsal pattern For short, spike throught it, a slow grind up and re-test, then spike low. I'm...
Nothing much to say. Target confirmed - triangle and fibs