UJ is not only respecting the resistance trend line but was rejected from the 200 EMA as well. This is a big descending channel and I see a push down further. Yen is showing signs of strength as well. Cheers to bears!
Ok fam, if you followed this markup, it made it up towards the sell zone area for the buy with the "C" leg correction and it is now in the zone for a sell. I will wait for the impulse push down, then a retest of resistance to enter. This should be a nice setup for this pair. Cheers to the bears!
I have been patiently waiting on this pair to go long following consolidation. The Pound is in a nice support zone with expectancy to push up. The banks are likely stuffing their orders here (haha). Once this wedge breaks, I am looking for a push up to break resistance, then a pullback to support to enter. I have also added some expected pull backs along the way,...
Simple Markup. I have been waiting on him for some time. We have a rising wedge with a fake breakout, to reenter the wedge with 2 retests of resistance, from the breakout and from the previous structured high to the left. Franc is going down!
As you see above, consolidation wedge broke in favor of the bears. Price broke a significant support and retested the price. I see a nice short until next level of support. Cheers to the bears!
I like the way this is forming. Previously, my inverted H&S was a bit lob sided but I have another perspective with this markup. Pullback has taken place, looks like some nice pip action to resistance. Cheers to the bulls!
I see a pullback coming for this correction, however it doesnt appear to be done yet. Once the pull back is complete, should be a nice drive up to resistance. May turn into a 100% retrace, but we never know =) Cheers to the bulls!
I am thinking that LiteCoin will stay above the 200 EMA and remain bullish following this correction. Lets see what happens!
Another bullish beauty is rising from the dust. Cheers to the Bulls!
The quiet before the storm. In my theory, the banks are stuffing their lots in these pairs as they consolidate. I am following the Pound pairs.. Cheers to the Bulls!
Here is an updated UsdChf markup to follow up on my previous one. The markup showed the left side of the inverted head, which now you can see the right side of the head, to be expected to reach resistance above. Cheers to the bulls!
Waiting for the Pound to show up to complete this corrective "C" leg. I saw life in the Pound in the early week and I expect to see some strength really soon. Cheers to the bulls!
I expect for Aussie to short to support as seen here. Nice pips to the bottom, then expecting a bullish trade off to resistance. Cheers to the bears!
I see more room for a push up for EurJpy possibly to the 61.8 on the fib retrace. The next stop would be the 78.6 area where mother 200 EMA is waiting =) Patience is key and waiting for these corrections to complete.
As we can see, the closing price has exceeded the lower high for this ABC correction with the "C" leg. I expect this to either reach the next level of resistance for possible consolidation, or complete a full retrace before considering to short again. I will follow
I do expect for the dollar to breakout south eventually, but I dont think she is ready just yet. I see one more possible push up, to eventually break this ascending channel. Nice candle rejection on support for market close. Lets see what she does this week.
Sterling finally has some room to breathe with a correction. I plan to buy the breakout at support and follow the green arrows =) Cheers to the bulls
Nice bullish engulfing candle for market close. I am expecting the cable to return to retest the break of support, as resistance. Nice buy!