UnknownUnicorn185710

UnknownUnicorn185710

AFTER PREDICTING THE LAST MOVE DOWN TO $44 WE NOW HAVE ANOTHER SHORT OPPORTUNITY . A BREAK OF THAT SUPPORT AND THE CLEAR PRICE ACTION SIGNALS THE SHORTS WITH OVERALL LONG TERM TARGET DOWN AT $33 A BARREL. NO SIGNS OF ANY REVIVAL HERE JUST YET SO STICKING WITH THE TREND!

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QUITE A SIMPLE SETUP THIS ONE OVERALL TREND IS VERY BULLISH STILL. LOOKING FOR A BREAKOUT AND 4HR CLOSE ABOVE THE HIGHLIGHTED MINOR RESISTANCE AND WE WILL THEN BE BUYING UP IN TO THE 1.33 AREA

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DESCRIPTION IS IN THE PICTURE. VARIOUS REASONS FOR THE SHORT AND CONTINUED BEARISH TREND. TARGET 1 - $14 TARGET 2 - $12

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DEPENDING ON TODAYS CLOSE WE COULD BE TAKING A SHORT POSITION ON THIS PAIR. WE HAD SOME BULLISH MOMENTUM BUT THAT APPEARS TO BE RUNNING OUT AFTER PRICE MADE A NEW LOWER HIGH. IT THEN CAME TO TEST SUPPORT ONCE MORE AROUND 1.08 BEFORE THIS RECENT SMALL MOVE UP. PRICE APPEARS TO BE REJECTING THE 61.8 FIB RETRACEMENT LEVEL WHICH IS ALSO A POINT AND WHICH PRICE HAS...

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WEEKLY DOUBLE TOP WITH PRICE NOW HAVING BROKEN AND RETESTED THE NECKLINE. THE NECKLINE LEVEL IS ALSO A 50% FIB RETRACEMENT LEVEL GIVING 2 CONFLUENCES FOR THAT BEING A GREAT BOUNCING POINT. PRICE ACTION IS CONFIRMING THE CONTINUATION AND IF TODAYS CANDLE CLOSES LIKE IT IS NOW WE WILL BE BLASTING THE SELLS. TARGET 1 = 0.8360 TARGET 2 = 0.8170 TARGET 3 = 0.8000

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POTENTIAL HEAD AND SHOULDERS PATTERN HERE. A DECLINE AND BREAK OF THE ANGLED NECKLINE WOULD CONFIRM THE COMPLETION AND THE SHORTS WILL BE IN

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TEXTBOOK SETUP THAT DOESNT NEED MUCH OF AN EXPLANATION. TRENDLINE BROKEN AND HIGHER LOWS MADE GIVING BULLISH SIGNALS. MOST RECENT LOWER HIGH RESISTANCE HAS BEEN BROKEN AND RETESTED WITH GOOD CONTINUATION PRICE ACTION BEING MADE. TARGET 1 = 0.9860 TARGET 2 = 1.0100

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SO AFTER THE HUGE MOVE DOWN IN GOLD WE COULD SEE OPEN FLOODGATES NOW WITH NOONE WILLING TO BE BULLISH AND HEDGEFUNDS DUMPING ANY LONG TERM LONGS THEY HAD. YOU CAN SEE THAT THE -61.8 FIB EXTENSION GIVES BEAUTIFUL CONFLUENCE WITH KEY SUPPORT AT 1044. I NOW HAVE THAT AS MY LONG TERM TARGET AND WILL BE MONITORING FOR ANY CLEAN SETUPS TO GET IN. THE NEXT KEY LEVEL...

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NOW WE HAVE THE GREECE MESS OUT THE WAY WE CAN GET THE SHORTS IN HERE. ALTHOUGH WE HAD THE MOVE UP WE CAN SEE THAT WE WAS STILL SNEAKING IN THE LOWER HIGHS AS HIGHLIGHTED. WE HAVE NOW HAD A TRENDLINE BREAK ALONG WITH SUPPORT BREAKING AND THE MAS CROSSING AS CONFLUENCE. TARGET ONE IS THE OUTER TRENDLINE AS YOU CAN SEE FOLLOWED BY THE LOWS AT 1.0520

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SO YOU WOULD HAVE SEEN MY ANALYSIS FOR GOLD HIT TARGET THE OTHER DAY OF 1144. WE ARE NOW BREAKING THAT MEANING THE NEXT STOP HERE IS DOWN AT 1124. GET BASHING YOUR SELL BUTTONS!!!

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LONG TERM POSITION. DOLLAR GAINING STRENGTH ACROSS THE BOARD. DAILY CLOSE ABOVE KEY RESISTANCE AT THE MOST RECENT LOWER HIGH FROM THE DOWNTREND. WE ALSO MADE A HIGHER LOW RECENTLY AND HAD OR LONG TERM MA'S CROSS. LOOKING FOR A SLIGHT RETEST AND ENTRY. TARGET 1 = 1.3765 TARGET 2 = 1.3910

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SO AFTER MUCH CONSOLIDATION AND NOTHING REALLY HAPPENING WITH THIS PAIR WE HAVE FINALLY HAD SOME MOVEMENT WHICH HAS LED US TO BREAK TO THE DOWNSIDE. DOWNSIDE WAS ALWAYS FAVOURED GIVEN THE LONG TERM BEARISH TREND OF THIS PAIR BUT CONFIRMATION WAS STILL NEEDED. AS YOU CAN SEE TARGET IS SET AT 0.7300. OUR FIB EXTENSION GIVES US 0.7260 BUT GIVEN THAT THE AUSSIE LIKES...

UnknownUnicorn185710

AS YOU KNOW FROM MY PREVIOUS POST I WAS EYEING UP A LONG ON THIS PAIR FROM A THIRD TRENDLINE BOUNCE AND SOME OTHER THINGS BUT THAT NEVER HAPPENED AND INSTEAD PRICE HAS PUSHED RIGHT DOWN AND THROUGH. LUCKILY I NEVER GOT THE FINAL ENTRY SIGNALS I WAS LOOKING FOR SO WASNT CAUGHT OUT. NOW IM LOOKING SHORT HERE WITH THE FIRST TARGET DOWN AT 1.5200 AT SUPPORT AND THE...

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CABLE HAS BEEN BULLISH FOR A LITTLE WHILE NOW. THE RECENT PULLBACK BRINGS PRICE BACK TO RETEST SUPPORT AND A THIRD TRENDLINE BOUNCE. WE ALSO HAVE A FIB PLAY HERE AT A 50% RETRACEMENT. TO TRIGGER THE LONGS WE WANT A BREAK OF THE CTL AND WE WILL THEN BE TARGETTING BACK AT THE HIGHS BEFORE SEARCHING FOR A HIGHER HIGH AT KEY RESISTANCE, CONFLUENT WITH FIB...

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SO MY USD/JPY SHORT TO 122 HAS MOVED TO TARGET IN A COUPLE OF DAYS THANKS TO THE GAP DOWN ON THE OPEN. NOW I AM NEUTRAL THIS PAIR AWAITING PRICE TO SIGNAL THE NEXT MOVE. WEEKLY TIMEFRAME IS STRILL BULLISH BUT USD HAS BEEN WEAKER LATELY AND A POSSIBLE REVERSAL IS ON THE CARDS. AS YOU CAN SEE IN THE SHOT I AM SIMPLY WAITING FOR A TRENDLINE BREAK IN EITHER...

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SO AFTER THE REFERENDUM WE WILL BE ABLE TO WATCH THE EURO PAIRS FOR SOME SETUPS. THE CURRENT SITUATION WITH EUR/JPY IS A SIMPLE ON IN MY EYES. THE WEEKLY TF IS TELLING ME WE ARE BEARISH AFTER A NEW LOWER LOW AND THIS FIB RETRACEMENT TO 61.8 COULD BE THE NEW LOWER HIGH BEFORE A BIG CRASH DOWN. WE HAVE HAD A TRENDLINE BREAK AND SUPPORT BROKEN ALONG WITH OUR MA'S...

UnknownUnicorn185710

THIS PAIR HAS BEEN IN A DOWNTREND RECENTLY AND WITH THE DOLLAR STRUGGLING TO GAIN ANY BULLISH MOMENTUM BACK I THINK ITS LIKELY TO CONTINUE. WE HAVE A THIRD TRENDLINE BOUNCE HERE WHICH IS CONFLUENT WITH THE 61.8 FIB LEVEL AND HAVE FORMED A NICE BEARISH ENGULFING CANDLE. I FAVOUR THIS AS A SHORT BACK TO THE LOWS AT 122.00 AND OUR KEY SUPPORT. IF THIS LEVEL GOES...

UnknownUnicorn185710

THIS IS SIMPLY AN IDEA AT THE MOMENT AND A LOT IS NEEDED TO TRIGGER ANY TRADES HERE. WE HAVE HAD A PERIOD OF CONSOLIDATION AROUND $62 RESISTANCE WHICH SHOWS THAT THE BULLS MAY HAVE RUN OUT OF STEAM AND POTENTIALLY COULD TRIGGER A TURN IN THE MARKET. AS YOU CAN SEE ON THE CHART WE HAVE SUPPORT AT $54 AND I WOULD NEED TO SEE THIS BROKEN BEFORE ENTERING SHORT. IF...