That would create divergence and take it right off the 200MA on 4hr. Regardless if it breaks the high (I think it will) there should still; be a nice buy if it makes that flat.
USDJPY did a corrective 7 swing and rejected the 1.236 extension which exactly what you want. Finding support at 200ma on 1 hr. It can continue trend up from exactly that level, but we should at least get an ABC. Usually these patterns reverse.
May have finished buys and be on the way down to complete a 7 swing. That would mean we have an expanded flat on 1 hr for downside. If it continues down I would expect it to probably reach 50% retracement. But if it breaks out to the upside from here I would be looking to get out of it. If it follows the path I have marked up, the buy would be the better trade.
For you supply and demand traders. Eur/Aud is showing divergence. This is a supply zone of extreme importance considering the price pattern and fibs. It's going down at the moment, but we don't necessarily have any confirmation yet (this is high time frame stuff and a large zone). If EA was to push up, equal length to "A" would take it to the .764 fib to break the...
I'm not a crypto guy. I'm more of a probability-risk/reward type of fellow. But if cryptos will survive, XRPUSD is dirt cheap and has swung my favorite number. If you look at the beginning of this chart, price went sideways for half a year around this area. The whole question is, will it survive? if it does, then a low leverage long term position makes sense to me...
Gcad showed some price action showing potential reversal for retracement. It did pull back in a small 3 wave rejecting the fib level. But since then has been making a 7 swing wxy that measures out to break trend line and reverse, which is very typical. TDI shows it be in a sell on the 1 and 4hr charts, but daily looks like more room up to me. Just understand you...
