THIS MY 2016 REST OF YEAR VIEW TARGET 1000 FOR GOLD // SELL FROM 1418 SL 1450, IF SL SELLSTOP 1418 TP 1000
FOLLOWING WAVE DOWN
IM CURRENT BULL ON EURUSD. LIKE 80% OF MARKETS, BUT WHAT IF ALL OF THIS WAS JUST A BIG CORRECTION BECAUSE OF THE EVENTS OF LAST WEEK?? OIL IS THE KEY FOR ME TO LOOK AT A BEARISH BARKET CONTINUATION, OIL BROKE IMPORTANT WEEKLY SUPPORTS AND MY POINT OF VIEW NOW IS HEADING TO 31.5 BOTTOM. WITH THIS IN MIND AND TAKING BOTH AGAINST THE US DOLLAR, THERE IS A CHANCE FOR...
FOLLOW THE WAVE
FUNDAMENTALS POINTING DOWN, BUT TECHNICALS WIN NEXT WEEK ON OIL.
FINALLY WILL START GOING UP :)
PERFECT BUY ENTRY FOR 1500 PIP LONG THERM
BEARISH DIVERGENCE TESTING IMPORTANT FIBO RETRACEMENT THIS CAN START DROP FROM HERE OR TEST 1.30375 BEFORE MORE UP, NOT EXPECTING TO BREAK 1.311 WITHOUT TESTING LOW.
BEFORE GOING DOWN WILL TEST UP, OPENING GAP ABOVE WEEKLY EMA50 AND TRENLINES SHOW 1.12 UPSIDE TARGET BEFORE BACK DOWN TO 1.105 - 1.103 - 1.0995
DAX HIGHEST LEVEL SHOULD BE NEAR 11250 BEFORE TURNING BACK DOWN INTO THE 10000 AREA. AFTER THAT SHOULD START HIS STRONG REVERSAL UP.
IF THIS IS CORRECT WE CAN SEE A STRONG UP CORRECTION THIS WEEK ON OIL, FROM AROUND 38 .4 STRONG REVERSAL AREA FOR OIL. TARGETS ON OIL TO 44 - 45
During August should stay Short, max upside 96.9 area