spencer03

spencer03

Rising wedge pattern is very interesting because breakdown happens on high volume. I prepare for a trend reversal and wait for the right moment.

spencer03

Short opportunity on the road. Ride this wave!

spencer03

A few more days are needed for the other leg, and then a positive reaction is quite likely.

spencer03

According to the chart technique, next year there will be a bullish development, because the low should be tested again first, which provides a strong support zone. Do not miss this great opportunity!

spencer03

I still miss a higher high that will probably come tomorrow. Otherwise, the rest as shown in the chart.

spencer03

A bullish reaction is possible here very soon.

spencer03

After the US elections, we could have a very good short opportunity on this currency pair.

spencer03

There should be a recovery this month. I see take profit at 1.3410. About 360 pips wouldn't be bad!

spencer03

Until the end of the month I expect prices to continue falling with the next target of 0.93.

spencer03 Updated 

Go short on Nov 2nd!

spencer03 Updated 

The high next week should not be above 1,169. Watch this spot well to go short. But the high from the first week in August could reach this price again and after that I count negative for Eur-Usd 2 weeks in August. In September we could see 1.1822, which means 0.618% correction of the entire route since the high in February 2018 and afterwards fell sharply.

spencer03

Over the next week we should watch the zone between 107.60 and 107.75, because a good long entry would be possible here.

spencer03

I see the next target at 1782.9.

spencer03

All relevant price marks are shown in the chart.

spencer03

The bullish, blue abc correction should come to an end next week, after which there is a good chance for a medium-term short position. Conversely, this means that GBP-USD is a bullish option at the same time.

spencer03

Because both waves, the blue A and B consisted of 3 waves, I still expect the falling wave C. Tomorrow we will see a higher high but after that it will be exciting. A steady increase over 1785 would surprise me. June will soon come to an end, and a technical correction would be appropriate.

spencer03

As long as MACD shows the short signal on a daily basis, be careful, a potential turnaround would be possible this week.

spencer03

As long as MACD shows the short signal on a daily basis, be careful, a potential turnaround would be possible this week.