Large Ending Diagonal for Oil. Observe, we touched down on the ~20 USD target, I have had for so long. Then - are we there yet? Is it over? No - unfortunately not! I will show more this weekend. But for now we bounce :)
USDJPY and Gold have strong inverse relationship. Both have formed triangles since 2015. Now - main direction will continue. USDJPY towards ~154 - and Gold towards ~800
We will also see strong USD unfold in GBPUSD, which has initiated its journey towards its target below the trendline of Ending Diagonal. As with DXY and EUR, I expect to see this target reached later this year
Where is EURUSD heading? This is where! Crash! LT-target ~0.85 Wait for weekly and daily analysis
#SP500 futures touching exactly 161% extension. I say, we will now see bounce and a triangle develop (somewhat like SHOWN). This is NOT the bottom! It is wave 4 - and we are still set for ~1800 before DEFLATION phase is over
#SP500 futures touching exactly 161% extension. I say, we will now see bounce and a formation shown on chart. This is NOT the bottom! It is wave 4 - and we are still set for ~1800 before DEFLATION phase is over
#SP500 futures touching 161% extension. I say, we will now see bounce and a triangle develop (See weekly and daily analysis). This is NOT the bottom! It is wave 4 - and we are still set for ~1800 before DEFLATION phase is over
XAUUSD Bull Trap at ~1585 or ~1557....! Do not get trapped! Coming decline will be extreme! Target 1000$
As i was looking for a reversal on this, but that didn't happen. and now its a confirmed Fakeout, No More Long-Term Reversal at least for now. However, due to Corona Shutdown, we can expect the EURUSD to go more Low again. If you look at this overall trend, every time price pushes to the low, it's been making new lower lows always. So, now all we need is to wait...
Right now, we're at a moment, where every technical analysis seems useless. Of course, its because of that CORONA VIRUS. However, even with that extreme volatily, price normally tends to respect recent key levels. All you need to do is to mark those levels, grab your trading tools (trade-setups), wait for them to occur on your charts and trade them.
AUDUSD Daily Charts My Review And Trading Ideas On This Pair for Next Weeks, It is going high, very high, target 0.72
EURUSD Daily Charts My Review And Trading Ideas On This Pair for Next Weeks
GBPCHF Daily Charts My Review And Trading Ideas On This Pair for Next Weeks
CHFJPY Daily Charts My Review And Trading Ideas On This Pair for Next Weeks