SkyTrees

SkyTrees Updated 

This has taken a lovely shape and is approaching a long term diagonal support. The 76-82 mark is my target based on my wave analysis and 50 will be my stop loss. Enter only when it breaks, even consider waiting for consolidation to confirm support.

SkyTrees

To me, it seems as if USOIL has found the top of Wave 3 at a lovely fib level and will now see a correction to create a wave 4, before shooting off to create a wave 5. There's a wave 3 correction ahead which is usually rather rapid and brutal so watch out for it. I'm going short until the 45 levels before, seeing out the tail of the move before loading up for...

SkyTrees

Interesting looking movement which is worth having in your future trading considerations. DXY has a very similar set up.

SkyTrees Updated 

This looks to have completed a near enough perfect Elliot Impulsive Wave. The Stoch RSI seems to be suggesting that this is on it's way down. This has broken a 13 year old diagonal trend line (maroon) which could be a false BO. I would watch this pair carefully along with the NZD/USD as they're nearing an end to their posotive yearly run with a lot of room to fall.

SkyTrees Updated 

The Kiwi has bounced off on a long term resitance and looks severly overbought and will not continue it's way down. This falls well in line with my DXY projections which will very soon reach 92 and continue onto 96 levels. We've recently seen a pretty tasty sell off in the stock markets which might be a sign off a correction coming up. My intial target are the...

SkyTrees

Risk to reward ratio here is to die for. Small SL in place with a nice return. Stoch RSI en route down.

SkyTrees Updated 

It took 2436 days for the 2017 highs in October to find a bottom and then reach a new high. If history is to repeat itself, we are on a cusp of another breakdown here. In support of this idea: -The price has reached the resistance/prev support levels - Has reached and began to pull away from the 'Top Trend' (as show in the snapshot provided) - Weekly Stoch...

SkyTrees Updated 

OVERBOUGHT, AT THE TOP OF RESISTANCE, LOOKS READY TO FALL. DXY LOOKS OVERSOLD AND HAS HIT RESISTANCE AND COULD HAVE A BOUNCE TO 92-94 IN Q1

SkyTrees Updated 

Hit resistance and looks like it will go down to the lower yellow support line. SL @ around 1.3700 Take profit @ around 1.3240

SkyTrees

There's the reversal as highlighted as a high probability in my previous posts. Safe profit area highlighted - However considering that the Dollar has shown weekly reversal patterns, DXY might just have a breather from going down until 2021 > Aiming for 95/96

SkyTrees

Two tide combine. As per my previous graph, we see a clear bullish weekly RSI divergence. The 4hr chart implies similar, but is also accommodated by a near perfect harmonic butterfly formation. Safe profit range would be around 91.1/91.2 as the harmonic butterfly suggests, however with a weekly divergence within a long running falling wedge the dollar might see...

SkyTrees

Severly oversold with a simple weekly RSI divergence. Other forex cycles look in favour for this move too. Taking profit @ 91.50 - 91.80 SL: 90.20