TenFingrs-FX

TenFingrs-FX

THE YELLOW METAL STRUGGLED TO BREAK THE PREVIOUS HIGH AND EVER SINCE BEEN ON A BEARISH SCENE ACROSS ALL TIMEFRAMES. USING THE WAVE TOOL, WE SUSPECT A RUNNING FLAT TO TERMINATE IN THE 1700s

TenFingrs-FX

FOLLOWING OUR PREVIOUS IDEA OF A SUBWAVE 4 TO WAVE 5, WE SEEM TO BE ENDING THE BULLRUN AND ENTER ANOTHER CORRECTIE PHASE, WITH DISTRIBUTION (MANIPULATION OF HIGHS) BUILDING UP AND A ENDING DIAGONAL OF THE SUB WAVE 5. THE DECLINE START OR CONTINUE FROM THE NEW YEAR. TRADE SAFE AND HAPPY COMING HOLIDAYS

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THE IDEA IS STILL MOVING AND GETTING CLOSER TO OUR LONG TERM BUY ENTRY.

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AFTER OUR LAST ANALYSIS OF THE RISE, THE BTC IS PRINTING A DISTRIBUTION SCHEMATIC ON THE HOUR CHART, THE WAVE 5 IS ALSO COMPLETE AROUND THE 19200 MARK. ON THE DAILY THE RSI IS GROSSLY OVERBOUGHT WITH A BEARISH DIVERGENCE ON THE 4H . BTCUSD HAS NO BUSINESS ON THE UPSIDE ANYMORE NOT UNTIL NEXT YEAR

TenFingrs-FX Updated 

THE Crypto king has been flourishing ever since it beat the 9500 mark, we would be reacing the highs soon and we expect that it does a major correction before leading higher

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Looking at the DXY again, we noticed the sign of strength, on the bullish side, this is an accumulation phase almost in its last phase, we hope to see a stronger USD soon and also looking at the daily, the resistive trendline has been broken

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A double three forming as a wave 2, we might be seeing a termination soon as a triangle has been spotted. TRADE WITH CAUTION

TenFingrs-FX

RECOVERING FROM THE PREVIOUS DECLINE WAS SEEMINGLY SLOW, WHICH CAN ALL BE ATTRIBUTED TO THE BRETIX ISSUE, BUT WITHT THE DECLINE OF THE DOLLAR, WE MIGHT BE SEEING THE POUND GAINING STREGNTH SLOWLY TO ACHIEVE A NEW HIGH FOR THE YEAR 2020.TRADE WITH CAUTION

TenFingrs-FX Updated 

With what is forming as a wave 4, we might see a bit of retracement to the upside region of the 1890 before a huge drop to the anticipated 1700s, our bias changes if the price zone of 1930 is breached, meanwhile the bears are still in control. TRADE WITH CAUTION

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Following the break of the 'break of downside trend' we defined, we saw the DXY strengthen a bit, for the situation now, we might be seeing a wave 4 formation of which might be most likely tiresome. and thereafter a wave 5 to complete our super wave 4 and back to the downside

TenFingrs-FX Updated 

This is an insight into the possible movements of gold we might be seeing in the coming week, generally, we are bullish bias unless proven otherwise. TRADE WITH CAUTION

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One pattern has been eliminated from the possibility, we have two left. TRADE WITH CAUTION

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WITH THE FINALISED COMPLEX CORRECTION OF WAVE 4, WE MIGHT BE HEADING FOR A WAVE 5 WHICH IS LOWER AROUND THE 1.3000 REGION. TRADE SAFE

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Following a triangle continuation pattern and one that usually signifies the end of a rally, the wave 5 ended at the 161.8 EXT of wave W, to conclude the downtrend, TRADE WITH CAUTION

TenFingrs-FX

TRADE WITH CAUTION

TenFingrs-FX

After a period of accumulation, the BTCUSD made a move of a double three wave correction pattern, we hope to see the 9800 again and if deeper, the 8900 region ( a price region of a previous subwave 4 and the 61.8% RET). TRADE WITH CAUTION

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IDEA STILL VALID, CHECK UPDATE. TRADE WITH CAUTION

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Following our previous execution of our idea, this might be the last straw of USD strength we expect for a few days to come and thereafter an, impulse upward. TRADE WITH CAUTION