Eurusd is in the midst of a big short. It is doing higher lows through an order block.
There is an imbalance below at 1.08 ' s area.
No low/high yet formed on tues and wed morning ny time for the week.
We will see this thursday morning.
Signs of Bearish GBPJPY:
- Weak GBP
- Strong YEN (powered also by weak OIL)
- Wicks from above at 1hour
- Rejected by RSI 50 at 4H (going back down)
Wait for the break of triangle at 1 hour before shorting.
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BTCUSD has seemed to break the the 6500 to 7000 resistance.
Why BUY?
1 week RSI is approaching 50 while 1D, 4H and 1H RSI has already broken neutral momentum which gives BULLS an edge.
Creating higher highs and lower highs for the daily timeframe.
Why SELL?
We are still below 61.8 percent of the retracement from the 10533 to 3981 drop.
I might go for LONG. For...
End of the month next week! Will GOLD drop? or will it break the 12 day old resistance?
Gold has not broke its previous week's HIGH however it has broken its LOW.
Signs of Bullish GOLD
For the DAILY time frame, no RSI (RSI = 65) divergence formed yet.
1H to 4H RSIs are above 50 (still in momentum)
What we saw last Friday might be a retest? Shorting might be risky...
Will AUDCAD continue going up or will it reverse back down?
AUDCAD has been rallying up the past days. Due to strong GOLD and weak US OIL.
However, CANADA is set to announce their economic plans next week.
Will this strengthen the CAD? If so, then we will be seeing a 300 to 500 pip move next week
AUDCAD ended the week with a break of previous week's high, will it...
Signs of Bullish GBPUSD
-This week's candle did not break previous low
-Previous week candle break previous high
-This week's candle is a retest
-Strong GOLD
-4 hour candle been testing the resistance at 1.2370
-Weak US economy (DOWJONES index)
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Signs of Bullish AUDUSD
- GOLD going UP
- Forming a Symmetrical Triangle
- RSI to pass 50
- Respecting the Channel
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Signs of Bullish Gold in the Next Hours
- Recent 1 hour bullish candle
- Weak Oil
- 30% Bounce from 1580 (fibbs)
- Exiting the bubble
- RSI Divergence at Oversold
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SL 1670
First TP 1710 (if exceeds 1685)
Second TP 1740 (if exceeds 1715)
Alright! Lets go! Thank you!
EURCAD Analysis Long Term Trade
200 TO 300 pips move
Signs of BULLISH EURCAD:
-Respecting the channel
-Weak US Oil
-Stronger EUR next to USD (weak GBP)
-Long bull candles
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Signs of Bullish USDCHF (BUY)
-Prices have traverse to the upper part of the channel
-Wicks from above
-Breakout from the 1 hour triangle
-RSI at 4H maintained at 50 to 65
-Breaking the bubble
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Will GBPAUD go up today (Pacific time)?
Signs of GBPAUD going up
- wicks from below
- an inverted head and shoulder in the making
- now in 618 area
- weakening GOLD
Buy Signal: Wait for the RSI to pass 50 at 1 hour
HEAD AND SHOULDER in a RISING WEDGE <3
AUDCAD is forming a head and shoulder pattern inside a rising wedge.
Approaching its daily dynamic resistance, it has made a "hanging man" candle which is a sign of rejection from the top.
At the same time, AUDCAD has already passed EMA 9 20 and 50 which is a good sign for selling.
If 0.8840 will be broken, this may start...
