KingdomRichOffical

KingdomRichOffical

GBP/USD above Cloud Bullish Cumulus Cloud Formation Looking for price support @ 1.5800 If 1.5800 holds as support, looking for Bullish candle to go long Price Patterns

KingdomRichOffical

Stratus Cloud Formations will not offer any real support or resistance Scenario 1: Price either breaks the pennant or bounces one last time before moving higher to previous all-time highs Scenario 2: Price ignores the Stratus Cloud formations and moves to the bottom of the Pennant In Scenario 2, if price does move to the bottom of the pennant it can move out...

KingdomRichOffical

So this is a update to our post from yesterday on EURJPY. We had a neutral stance on it because it was planted in a wedge just below the top of the Cumulus Cloud Formation. We have now taken a long on its break of the Cloud + Lagging line above the cloud & price. It didn't break with much momentum however has upside targets of 140.862 Our stops are following the...

KingdomRichOffical

CAUTION: Must break Cumulus Cloud Formation Previous support from February 2015 Consistently Higher lows Break of Lagging line out of price validates long entry Price Target of 1.14700 Not currently long, waiting for confirmation of Lagging Line to break price and price to break the Cumulus Cloud formation. Visit: www.currencyclouds.weebly.com...

KingdomRichOffical

EURJPY in Cumulus Cloud Formation Lots of Ranged Movement + Weak Price Action Double Top Pattern weak (short neckline) If price breaks the Cumulus Cloud lower 133.10 is first responder Long term downside support at 127.057 Long time upside at 150.00 (2014 High) Our overall view is Neutral. Wait until clear break of this Cumulus + Lagging Line...

KingdomRichOffical

Daily Chart in Channel Double Top shows short term bear move Price has broken the Cumulus Cloud pattern Waiting for Lagging line to break the Cloud to confirm down trend. Support line from March 2015, multiple touches (marked in purple) Have not taken a position on this yet, waiting for Lagging Line to break the Cloud formation

KingdomRichOffical

- Gold/USD is showing continual downward pressure finishing a ABC of the ABCD Fibonnaci pattern. Its currently held up in a Cumulus Cloud formation but moving lower (which has turned to a bullish stratus, sign of indecision & consolidation) - The C of the ABCD peaked just above the 61.8% Fib level and is now moving down to its previous low - We have confluence on...

KingdomRichOffical

Climate Forecast Price outside the Stratus Cloud formation AUD Employment/Unemployment Figures were positive for AUD Price thus far has moved according to double pattern reaction Lagging line (Chikou) must break Stratus Cloud formation to confirm bull trend Current Stratus Cloud formation are signs of indecision Bull target = length of Double bottom...

KingdomRichOffical

GBPUSD has broke the Cumulus formations and moving higher. The Chikou-span (lagging line) has also broken the cloud confirming the move up. Future clouds has some Stratus formations, price has slowed we will wait to see if price will pick up and move higher. Some serious resistance at 1.58 price areas before moving upwards to the 1.62 price area Stops just...

KingdomRichOffical

Price will continue move upwards (tested bottom of channel and moved higher) 0.7480's are upwards targets, unless channels are broken

KingdomRichOffical

Long term, if EURUSD finds support at the 50% to 61.8% areas we cold see possibly a longer term upward move to $1.17 to $1.20 areas. Watching and waiting

KingdomRichOffical

Daily look @ GBPUSD, pressing 50% Fib retrace after rally up. Confluence at 61.8% then big move lower

KingdomRichOffical

Up or Down... Either way I will wait it out based on TL breaks

KingdomRichOffical

EUR/USD has formed a C to D move, with Double Top confirmation, we will soon be retesting B line at 1.0457. Downside target @ 1.02

KingdomRichOffical

Expecting Gold (XAU/USD) to move down to between 1158 - 1150. It's currently in the process of a C to D of a ABCD pattern

KingdomRichOffical

Long term bearish trend, with a recoil. A possible double top on the 4HR depending on price's reaction at the 0.73688 level. Could break to the 50% retracement level @ 0.7500 up to 0.7600 at the 61.8% level. If price holds here at 0.73688 we could see it move back to the B level of the ABCD @ 0.7020... Only time will tell

KingdomRichOffical

- ABCD playing out on GBP/USD Daily, possible break of Weekly upwards channel. - Breakout has happened, retest in progress, continuation must break below initial b/o and close to confirm. - Possible D level @ 172.00 down to 166.00 - Kumo cloud has bearish twist, and Kijun & MA are bearish

KingdomRichOffical

Scenario #1 Breakout & Retest of TL has happened, but no continuation. So a possibility of another B.R.C could happen. Scenario #2 Bearish B.R.C, cloud serving as support/resistance could offer a break to the down side. Standing neutral until b/o and retest of triangle. In addition Moving Average & Base Price line have merged but not crossed.