Simple descending wedge pattern and a bullish inverted hammer. $NOK strength becoming overdone?
Trading onto a cluster of wave targets and pattern support. Looking for signs of a base and recovery from this zone.
Buying dip ahead of next major extension in USD CNH
BUYING THIS CORRECTIVE DIP From this morning's Justi-Tech trading notes. EURGBP finally bouncing out of the major fib support zone, and does it in style with an emphatic rally. Expect a consolidation phase to now occur following such a compulsive rally, this should hold above 0.8784 the April 12 high. A move through yesterday’s high opens up targets towards...
As per this morning's trading notes - corrective bounce treated as a selling opportunity.
As per this morning's note selling into this correction zone. Looking for the break of yesterday's low at 2717.
Long US 10 YR Notes. Bullish breakout expected. Consolidation phase completing Triangle break.
ST UPSIDE risk as the consolidation pattern extends and plays out.
With Equities refusing to turn - the gold scalp working. Bearish intraday divergence aiding the cause. Concern about momentum above 1700 - for now.
Short term breakout in T-notes on the cards. Through 138.125 targeting 139.07 the measured triangle target.
Bullish – looking for the base to confirm today. Have been talking about buying this dip in USDCAD and there is some risk that the low is now in. The break through the pivot at 1.39215 was important this morning, so confirmation and a hold of this break here will be resolutely bullish. Long and bullish USDCAD, looking for a challenge of the 1.4000 April 12 highs...
Bearish – Looking for an imminent momentum break lower. The chart tells the story today. Intraday bearish divergence and failure at the 0.6434 major fib resistance. A momentum and closing break through 0.6365/68 April 9/10 lows will be very bearish in my mind. Short and bearish risking the highs looking for the major pivot at 0.6214 as an interim target.
On my last update, I was looking for acceleration on shorts below 104.05. This only yielded a move to 103.11 before reversal. Now in C of an ABC zigzag correction, the final corrective wave before major downside resumption.
$Aud short trading well technically. Time for closer observation as it becomes oversold but for now extension target remains .6317, TSL .6466 above the intraday pivot. $AUDUSD #forex #forextrading #AUDUSD
Rising wedge consolidation showing first signs of topping. Intraday closes below 75.90 first sighter. $JPY $CAD #yencross #forex #forextrading