Toerezxer

Toerezxer

The unexpected selling pressure in Gold has made us lose 1/20; now is the time we will take back what belongs to us. We will not go long, however, until the first leg of the correction breaks the green line. High leverage on a tight margin will allow us this time to catch the green candle however small it might be.

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Not so much time has passed since the last idea ("1.16") for the price to hit Fib 1.414. If the line through the beginnings of the wave 2 and wave 4 is broken, I'll be half in.

Toerezxer

Wait for the price to break a minor resistance. Watch the pullback to identify if it's of a corrective nature. Buy at a key level or when the buy signal is pushed by your favorite method.

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The general market sentiment on this pair is still bullish, which, for me, shows that it will go down a little more. When I begin to see more bears around, it is the time when I will go long. My current pending order lays at the .786 level, but this pair should be closely watched for an early-coming skyrocket. I hope AUDUSD will give us another chance to risk 1/5...

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I've been away from this pair for a while, until the last week where the price went down enough to seek for bullish entries. Now there is panic in the market right after the FOMC statement, and the price hit the lower median resistance for the first time. So, big or small, a reaction is imminent.

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I will close the position if the price hits the trendline support or shows an upward motivation. Though I will wait to open a long position until the price touches the .5 lower median parallel (the green line) or maybe through the .5 Fib level, unless there is a clear sign of continuation to the upward move.

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USDJPY short was my very first idea here but it has not yet been generated a propell sell signal. I hope this key decision point will show us the way. I am on the short side in my anticipation now, and only an action persistent above the upper median line (the yellow line) could change the picture.

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Key support levels are broken. I expect more selling.

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The previous idea ("1.12") did not hold true as the double top was broken, but I still think that this pair has potential upcoming red candles, so I moved my S/L away and keep my short position.

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This pair had a nice rally (despite in a small time frame) and it seems it has exhausted its upward momentum at the moment. Double top which has just happened indicates that we may see some downward action. We should look for opportunity even though the downward move might be a short-lived one.

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The price has turned from 2.86 and the previous idea ("1.9") seemingly held true by the first upward spike which has broken the downward channel. Then the spike had a .618 retracement after which one might want to see the continuation of the upward movement. However, .5 lower median parallel still holds as a resistance. It might be a good idea to T/P for now and...

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NZDUSD is soon to find the resistance. The downward correction has not finished yet, and it will be wise to go short when it continues to go down.

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Upward momentum is calling for a correction, if not a reversal. Stops should be loose for any unexpected action.

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USD regains strength against TRY as the price moves down towards the end of correction.

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Even before this pair hit the 4h trendline resistance, the fifth wave completion (most probably C of a flat) indicated the imminence of the beginning of the upward move (most probably 5th wave up). This is where novice technical traders went long and professional technical traders held on - professional fundamentalists might have gone long, too. As we hold on, we...

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This pair may make the day for us. It showed a strong upward momentum as it hit the bottom, and the first leg up was very small compared to the higher-degree wave in which it takes place, which shows that there are more to go up. Be warned that this is a trade with intraday objectives and this flag does by no means imply a huge upward spike.

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NZDUSD has a strong potential for the long term bulls, but at the moment it needs to take a breath and consolidate a bit. This result could be reached by several approaches. Daily RSI is overbought; 4h RSI has divergence; 1h wave count indicates a correction. The price is also approaching a key Gann angle, not to mention a key pitchfork level. This pair can be...

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The previous forecast ("1.2") didn't work out as the upward momentum has been too strong. I would generally prefer waiting until the expectation in the bigger picture gets confirmed and then look entry points in smaller time frames. For "1.2", there was even no need to consider to take the trade. Now XAUUSD is approaching another key level, this time hopefully to...