joelmendez534

joelmendez534

current market directions are very unclear due to international and domestic news , but one thing i did notice was usd/cad made a higher high . this looks promising because it made the higher high and is currently retracing into the 0.778 level on the fib tool! lets use proper risk management to survive in the markets.

joelmendez534

given that golds been on a down trend i could see it goin through this most recently made support at 1615 area .Thoughts ?

joelmendez534

The more i look at this chart on the daily and weekly time frame the more im convinced this is an accumulation schematic unraveling based off wycoff logic i seen the first bullish breakout/ retracement and is currently stretching for higher highs so if this weekly open drops any where near the 85000 fair value gap im looking for a solid reaction to enter

joelmendez534

I got good news bears in the upcoming month the AUD seasonality chart is showing a very bearish coming month which is aligning the the lower high and lower low trend its to the best of my knowledge we see big bearish behavior as we strecth for a lower low

joelmendez534

According to my analysis were entering a lower low in the market if the momentum switches to the buyers I will be looking for potential reentries on the retest to ride the wave up but I wish everyone has a wonderful weekend and even better week. Please share any ideas or comments you might because Afterall we are a team it's us against the banks don't...

joelmendez534

As the markets been moving making new higher highs on the hourly usd/cad shows no signs of slowing down I personally see this pair finishing off the week strong and maybe enter the week with a retracement but hopefully we stay bullish. And I plan on staying bullish until the market shows me otherwise. Does anyone have any thoughts on this pair...

joelmendez534

FX:EURAUD As E/A retraces to make a newer low I expect it to touch 1.54300 and fill imbalance which would allow it to give a nice strong push to the upside and hopefully switch momentum to the bulls.