Friday (Trap Day) is coming so it can either try to trap traders with a false move to start the market, start a slow sunday and continue a huge false move Monday or it can just keep rolling. Sno far it is oversold so there is a chance it could but no signs of patters yet since it's so early in the day. We should see how things play out around London
With it almost being Friday(Trap Day) it may rise during London and NY to trap over the weeekend or just crash altogether. Anything is possible. If it retraces I'm just going to add another entry. I welcome the opportunity
I see UJ making it's pattern for a short term buy it's an overall sell on level 2 of it's cycle and gold is doing opposite as normal. It can retrace a bit then go down for its daily chart pattern. After it completes its level 3 sell I anticipate a drop for the long run. If not then it can rise to shoot for its cycle.
I see gold making it's pattern for a short term sell it's an overall buy on level 2 of it's cycle and usdjpy is doing opposite as normal. It can retrace a bit then go up for its daily chart pattern for the head and shoulders. After it completes its level 3 rise I anticipate a drop for the long run. If not then it can just go straight down to shoot for its cycle.
Inverse head and shoulders with lv 1 rise. No US news may reverse short term for weekend close so if it falls and doesn't move much over Friday then rebuy sunday or Monday
Based on the pattern I believe it has more to go not to mention it still hasn't hit lv 3 drop and if you watch usdjpy it still has that gap open so that pair still has room to rise on its own
