After this impulsive move last week to the upside( Increased of interest rates). We saw a nice retracement on Friday. Now I can see a nice potential buy for the week of Dec 20th, 2021. We could see a slight movement down to 1.3215 for continuation to the upside towards 1.3450
Big bearish candle form last week. uptrend line in 4h Timeframe was broken.
Price had broken that downtrend line in the 4hr timeframe with a retest of that breakout, now we should see a rise on ripple.
Price is currently at the 78.6 fibs which is a major retracement level for Gold. I'm expecting Gold to reach 1463 before any drop.
I'm expecting EURUSD to drop to support level 1.1500 before seeing an upward movement. Also that support level is around the 61.8 Fibs retracement.
Price is currently playing at resistance, and a possible double tops is forming.
GBPJPY Broke that downtrend line, Price is currently in the buy zone. Expecting price to test 149.60. and very possible to see a breakout to the upside ( 150.20)
Elliot Wave Theory spotted on the weekly chart, I'm expecting USDCAD to drop around 1.2000 to complete the 5th leg of that Theory. 800+pips potential
I'm expecting GU to retrace to the 50fibs on the daily as price came back above that previous support
If price breaks current support my next sell target will be 1205.60
Price broke major retracement level 0.786 fibs, next sell target will be around 1236.17.
EURUSD IS CREATING SOME LOWER HIGHS AND LOWER LOWS, IT IS VERY POSSIBLE TO FORM A NEXT LOWER LOW IN THE COMING WEEK.
EURUSD retested the 61.8 fibs great opportunity to go short
Im expecting some more downside on AUDUSD in the 4hr time frame. I'm looking to start buying at the 78.6 Fib retracement.
I'm expecting USDJPY to keep dropping and test the 61.8 fib, great opportunity to go long
EURCAD has been forming Lower Lows and Lower Highs and has retraced to the 61.8 Fib in the 4hr time frame great opportunity to go short
GBPJPY has retraced to the 61.8 Fib in the 4hr time frame great opportunity to go long