MrLiquidonFX

MrLiquidonFX

Last week we saw the breakout of the triangle with possible higher highs, however this week we see a lot of choppiness in the markets and now an expanding diagonal which could indicate the end of the whole trend. I would advise caution trading gold as prices below 2924 could indicate the start of correction and wave A

MrLiquidonFX

We see an ascending diagonal forming on a possible wave 5. This is possible a correction pattern with 50% retracement

MrLiquidonFX

We see a flat forming on GBPJPY which indicates further down move. This may indicate an ABC move or even an impulse wave to the down.

MrLiquidonFX

We see very nice diagonal pattern forming on EURUSD. This indicates higher prices.

MrLiquidonFX

We see a possible WXY pattern forming on GOLD. We believe we already finished wave 1 and we are now entering wave 3. Our target is 2845.

MrLiquidonFX

We see a possible leading diagonal with the retracement. We are now officially in wave 3.

MrLiquidonFX

We see multiple patterns forming on USD pairs indicating a weakening on USD.

MrLiquidonFX Updated 

We probably see a finish of the third wave if the 50% holds. If this is the case we are probably going to see a wave 1=5 situation before correction and further uptrend.

MrLiquidonFX

We see a contracting diagonal forming on DXY. Could this be the end of the correction and continuation of for the next wave?

MrLiquidonFX

It is possible that we are in a continuation for the uptrend for BTCUSD.

MrLiquidonFX Updated 

XAUUSD triangles usually form on Wave 5 of a pattern indicating correcting move. Exercise caution.

MrLiquidonFX Updated 

Here is my trade plan for GOLD for today, If i see a new high this will get invalidated.

MrLiquidonFX

I think is is highly likely to see another impulse move to the downside marking the final C wave of the ABC correction before going up.

MrLiquidonFX

I believe we are at the start of a new trend move for EURUSD targeting 1.0750.

MrLiquidonFX Updated 

It is possilbe that we will see a downtrend correction once this wave is finished. Of course it is always wise to wait until you see confirmations before entering because trying to predict wave 5 end is difficult.

MrLiquidonFX

I expect to see the fourth wave next week of the expanding triangle that is forming on BTCUSD on the coming week.

MrLiquidonFX

We see the possibility of a double ZIGZAG forming on EURUSD, before the long awaited price move to the upside.

MrLiquidonFX

Seems like yesterday's retracement was not wave 4 as I expected but probably a retracement for wave 2 of the higher weave 3 which seems to unveil.