looks like this is heading up. there is a gap that needs to be filled. its already hit the highs of Apr 2017.
Its hit the trend line, looking at price action, this could potentially go back up, maybe form a double top. keeping an eye on this one
Broke out the trend line, pull back to the 618 to 50
USDJPY is on the uptend, I can see a pull back to 618% - 50% then move back up or break the trend line and reverse
Gold is sitting at the 0.616% fib retracemwnt level, it can pull back and continue up the Trendline or Break, Retest and continue down
This could retrace to .618 and continue up or break, retest come down to 50%
This is long term but if the Technical Analysis is right, the Dollar is going to see a drop.
wait for it to break out that triangle and ride it to the upside.
looking like a inverted head and shoulders then continue to the upside
This looks like a short for now to complete the head, small pullback to start on the shoulder
to Me, its at a very strong resistence so could push down forst them try to push up and break that zone. Need to see what the DXY is doing to get additional confirmation
Its going to do a series of higher highs, higher lows until it reaches the major reversal zone them drop. That will be the Swing trade I'm looking to enter
BREAK OF TRENDLINE, DROP TO FIB REVERSAL ZONE THEN HEAD BACK UP - MAYBE
THIS LOOKS PRETTY CLEAR CUT. COUPLE OF TARGET AREAS FOR TAKE PROFIT
ITS HIT THE REVESAL ZONE AREA, COULD REFVISIT IT OR JUST FALL TO THE TWO POSSIBLE SUPPORT AREAS
From what i can see, it could do a double bottom and shoot up to the 618 fib level, which would be the retest of the breakout, which is my bias or break that and go down to test that long standing support area and bounce back up.
Based off the Elliot Wave Theory, This is where EurGBP should go. Any Feedback would be great to help me understand.