Breakdown of triangle/congestion and range expectation points to 1.26. Fib also supports that.
If the previous congestion is to be the 50fib, we expect top to be 2945, which would be a new high.
www.bloomberg.com Nomura sees lawmakers backing customs union, helping sterling ING says pound may gain to $1.40 on longer Brexit extension On the flip side, we see it going down to the lower trendline.
AUDNZD monthly triangle has broken down, target 0.91. Keep on shorting.
We're at a make or break point, wait another week for confirmation.
A monthly breakout move looks due, be careful fading this.
On the monthly/weekly we can have a 50% retracement up to 1.1875. On the daily, we are expecting to test the upper bound of the downward sloping channel since the beginning of 2019. Downward sloping channel upper bound: 1.1393 .786 Fib from early March swing: 1.1366 Potential TP: 1.1265 Since the ECB on 20190307, we haven't retraced 50% of this 7 day crawl up....
Expecting volatility event today, didn't enter into any GU trades. Glad I didn't or I would've been early. I usually find myself a very good trade in real time and I often doubt my impulse since I've been wrong a lot. This time however, and a couple of times the past few weeks, i've been right. GU ran up near 1.33, reacted a bit then pulled back 50% from that...
Planned on a 1:2 trade, I was 0.3 points away from getting hit at 2744, wasn't able to ride. TP wasn't reached, only went to 50fib.
Failed to push through or hold above the resistance zone of this monthly range. Expect to fall back to 1.28 zone. Daily price relatively rose too high too soon. Increases the likelihood of a quick revert back to at least the middle of the range.
Easy target: 1.837 Normal target: 1.827 Price expected to fall back to lower channel of up trending range. Another scenario is for price to fall all the way to 1.79 but might take some time.
Confirmed triple top after the 3rd top produced a hammer. TP at 50fib of the larger swing.
Hourly is posing like it's ready to break and move on to a new range. Daily doji few days ago targets 78.9, and so is the fib618. Watch for a break-retest-continuation or a break-fail-break pattern before going long.
Day after BOE announcement, price does not go below where it started pre-BOE. Bullish signal. Waiting for a good entry point. If bullish scenario materializes, expecting 1.34-1.35.
Here we discuss the possibility and power of parlaying 5 correct calls that made it through to the TP. Betting everything in each call and parlaying the stakes would have produced a whopping 12,000x return on inital risk.
I'm already 40% long, looking to lighten up and prepare for the swing down the bottom of the channel, before it turns up again.
Trade yielded 1:5 to the TP, but provided opportunities to play around the position in between.
You can see price hesitates around the 1.1470 1 month high level before stop running, and on 12/21/18 open, it broke down from it.