OANDA:XAUUSD I am leaning on shorts for Gold Futures. Not only am i expecting the AMEX:USD to rise based on interest rate decisions, but Gold is following a corrective pattern in Elliott Wave Analysis. I am leaning on this top being the "B" correction, in a large wave being formed. Placing TP targets at bottom of channel.
OANDA:US30USD I am leaning on bullish price action following the FOMC rate hike to 5.25% from 5.0%, a difference of 0.25 BPS. Technically we are respecting bullish market structure on High TF. Understanding Wave analysis and fractals, I entered on the lower TF Fractal (1HR).
DXY has completed a full 5 point wave. I am expecting a strong pushdown, which is being hinted at with the topside wick rejection of the last weekly candle! This will provide short opportunities for major pairs with the DXY as the base pair ie. (USD/XXX) This will also provide long opportunities for major pairs with the DXY as the quote pair ie (XXX/USD)
XRP BUY USING WAVE ANALYSIS You see that price is rejecting off a major market structure (yellow box) I am anticipating a long position .
Price action coalligns with this Shark Harmonic. Looking to short it on the slight retrace. You can also Bearish divergence, as momentum is becoming bearish.
XAUUSD heading to retrace a weekly teen support. Connecting the previous highs creates a bullish wedge pattern, with a Bullish Alternate Bat to give confirmation
Wednesday 21, May 2020 The midpoint of the week of 5/18/2020 is being analyzed and predicted by my style of trading.
A big Elliott wave shown with two minor ones in between it. Momentum is exhausting towards the end, it may go long to complete the wave at the top of the channel.