For this short trade I only have one condition: No break and close above 2.0012
In any case, here is the chart from the 26th of September. Is a bit more complex but also conceivable.
Could be a good short trade. If not tomorrow, then Monday. Condition: no closing price (daily) above 134.45, so SL above.
Could go the same way as DOW JONES!
In this variant 2, I see upper limit at 27240 for November. By this I mean that it could already come to a strong sell-off in the first days of next month.
If not before, then at the beginning of December (at the latest in January '20) you could expect that the blue wave 5 of the black 5 will be completed ... Simple: keep an eye on palladium ... a multi-month investment could prove to be one of the most profitable ones (with low risk).
If october stays above 0.8785, then the blue a b c correction might make sense.
I expect a 0.618% correction of the last increase, where the price should stabilize and again show temporary strength.
I do not have to write anything here ... everything is clear!
October could be positive if 1.0866/60 holds, otherwise next target is @ 1.0715 (gap close), 1.0660 & 1.0612
The Ichimoku cloud is green in Daily, Weekly & Monthly. That speaks for strength. This view only applies if the USDCAD remains above 1.3134. I myself am not fully convinced of this strength, but I also see the possibility that USDCAD will peak in December, but should fall below 1.3134 for December, then rethink and make a new, matching TA. Note: should this set...
At the moment there can be both, namely, that the correction has already ended and thus the wave 4 was established or only the red A was corrected. In any case, by the end of December, I'll keep an eye on the closing price on these three levels: $ 1552, $ 1531 and $ 1479. Break and Close on a daily basis whether above or below, shows us the way. If the September...
In variant 1, a new ATH could not be ruled out.
I also have other variants but here I first post this long-term view. If the development runs like in the chart or similar, then EURAUD has even more space upwards but in about 6 years, then the red C should make a long journey down and finally touch the middle of the pitchfork. But before that, I expect one of the following months to target the SMA 50. ***...