GIVEN the US Election i cant really say i am certain of direction of USDJPY but technical outlook is this way
6 days ago I published this trade idea right here on my profile. It palyed exactly as predicted. Now dropping from same zone I said it will.
On this short video explained the likelyhood of retracement on AUDUSD the drop. With expectation to form head and shoulders before strong rise
AU as opposed to previous idea i posted, seems to be finding price activity on levels illustrated on chart. Next level of rejection is around 0.66365. i believe we will see influx of buyers there
GOLD SEEMS to be getting too much support from below. Looking at this structure we are headed to 2700 level..
EU has a clear complete W pattern from which has closed at key demand 1.08870. Its the same level of interest in history, we positively are expecting influx of bulls in that zone. Expect TP would be around 1.10496
BRITISH POUND DOLLAR seems to have reached a strong demand zone on basis of previous rejection same level. Anticipated level is at another left of history. Influx of bulls might evident to dominate
Given structural chart formation, AU seems to be intending an upward correction to form head and shoulders. The level interest at hand seems to have been key since in history. So sentiment is a bit certain.
Cadjpy on structure formed a w pattern, which isnt completed as yet. So anticipation on technicals illustrated would we are still yet to push high.
Looking at the head formation of head and shoulders above, GU ultimately will have sharp drop. Channel high supply zone communicates strong rejection on supply
Next level of demand illustrated. Us100 broke out of channel, we look for next demand zone. Heading up for retest from breakout level.
Looking at formation, our next level of demand is illustrated.
2months ago drawn analysis as on idea chart. Seemingly it playout as anticipated. Lesson to take home: -trendlines on high time frames price seem to react better . -candlesticks engulf patterns on monthly actually played role of EU fall
Given current price action, NFP gave us more sellers which might dominate till next support level
Gold likely to bounce between 1916 and 1934. Given previous patterns , our previous monthly candle made a clear bearish engulf. We are yet to see bears confirming below monthly low