This is an analysis that I hope that it ages well, as I am starting a long term position in gold today and adding this asset to my investment portfolio. Therefore, this is not a post about an isolated trade, with a specific expiration date or focused on the short-term. In fact, from a trading point of view I have already lost some great entry opportunities,...
Good afternoon ladies & gents, USDCAD will most likely start it's Bearish Cycle today and NFP is likely to be the catalyst. After trading up into the Weekly Inflection point, we saw a sharp rejection to the downside. Price has presented us with D1 SMT Divergence allowing DXY to fill the imbalance above and USDCAD has filled the imbalance above whilst not making...
The earlier published chart suggesting short did not develop as the retracement bounce was still in progress see chart linked below (29th June). This now appears to be complete and therefore, I am republishing the idea with revised/adjust wave counts and associated details. I think it could offers even better level to short from with relatively lower risk. ...
EU finished the week as predicted. Congrats to anyone who took a piece of the action. -until next week #thepowerof3s
W1 - Bearish cycle is near its end. We have bullish divergence and false break. D1 - Special cycle is near its end, bearish divergence has formed. Currently we have double waves to follow. H4 - False break of trendline. No breakout of last high yet. Measuring the first wave we could see a possibility of a push down also bullish divergence is forming. So we may...
W1 - Bearish cycle completed. D1 - Good up trend line has formed. H4 - Price broke above the range and is still holding H1 - We had two false breaks. We will be applying the double trend line breakout principle here. After the breakout of the first trend line wait for the double wave correction to complete itself and go short with the breakout of the most...
W1 - Weekly range was respected and as long as last high is holding, we are after sells. H4 - Short term bearish cycle coming near its end now. Wait for double wave up to form, breakout of most recent trend line and go for short.