johnluke31

johnluke31

AUSTRALIAN DATA JUST RELEASED AN INCREASE IN GDP OF 3.3%, BUT BECAUSE OF CHINESE TENSIONS AND IMPACT OF EXPORTS, AUD MAYBE BULLIED FOR SOME TIME. WINERIES MAY CLOSE, CHINESE INTERNATIONAL STUDENTS WILL DECREASE. SHORT TERM SELL, LONG TERM BUY

johnluke31

we may see a slight bullish push to the trend line next week, before going further down, or even breaking out of the resistance trend line, to get out bullish in the medium term

johnluke31

Reversal pattern could occur quite soon for this pair, have eyes on the breakout to buy after getting out of the descending wedge.

johnluke31

IF A DOJI STAR FORMS RIGHT AT THIS PRICE, AND THE NEXT CANDLE IS BEARISH, WE WILL SEE SOME SHORT TERM SELLING OFF BACK TO THE SUPPORT LINE

johnluke31

With the canadian dollar set to outshine all currencies next week, with employment change and retail sales. The US is in a big political turmoil and cases rising exponentially. Be ready for this sell off.

johnluke31

Are we seeing the equity markets favourable next week? or it is going to go low and be dumped. Testing the trend line, it did form a clear resistance around the top. So there is pressure to sell EURJPY off. But be aware of the equities for next week. Take note of Euro's PMI index as well which is affected tremendously by covid restrictions.

johnluke31

IF WE SEE TODAY'S CANDLE CONSOLIDATE AT THIS SUPPORT LEVEL, AND CLOSES A BULLISH CANDLE TOMORROW. WE CAN SEE IT TEST THE TREND LINE.

johnluke31

Brexit news still on the way, with euro markets still bullish intact

johnluke31

IT WILL REACH THE TOP BUT BE PATIENT

johnluke31

STIMULUS MAY COME IN SOON WITH JOE BIDEN READY TO IMPACT THE FINANCIAL MARKETS. HOWEVER, THE ECB ARE CONSIDERING STIMULUS AS WELL. WE MAY SEE A DOUBLE TOP IF PRICE FAILS BREAK ABOVE THE 1.20 RESISTANCE. IF IT BREAKS ABOVE, PRICE CAN CONTINUE TO GO TO 1.22784.

johnluke31

REJECTED BY THE TREND LINE

johnluke31 Updated 

BASED ON THE PAST DESCENDING WEDGES, THERE IS NORMALLY A CORRECTION. SO IT CAN BE A BUY. BECAUSE IT LOOKS INTO A STRONG SUPPORT. BE AWARE THAT THE ECB MAY HAVE MADE DECISIONS ON CERTAIN PURCHASING ASSETS OR REFINANCING RATES. TP.1-1.75 TP.2-1.755 TP.3-1.76 TP.4-1.765. SL 1.73784

johnluke31

FORMATION OF A TRIANGLE SL 0.90063 TP 0.86500

johnluke31

COULD IT BE A BULL FLAG? COULD NON FARM PAYROLL DATA BE DISAPPOINTING?

johnluke31

RESPECTING THE TRENDLINE, DESPITE FUNDAMENTALS IN PLACE

johnluke31

This could come into play if riots happen after the election with the hope of a stimulus. So are we seeing a bearish flag downside? When it breaks the trend line

johnluke31 Updated 

IF WE SEE THIS PAIR RETESTING THE TREND LINE SUPPORT, AND HOLDS. BULLISH MOMENTUM RIDING. IF IT REJECTS THE MINI SUPPORT, THE DOWNWARD TREND RESUMES

johnluke31

BEARISH TRAP IN A DOWNWARD TREND, IN MY POINT OF VIEW DONT BUY IN A DOWNWARD TREND BE PATIENT. MISTAKENLY THOUGHT IT WAS A BULLISH TRAP BUT IT WAS THE OTHER WAY AROUND BECAUSE IT BROKE THE TREND LINE.