Clar_214942894312797

Clar_214942894312797 Updated 

With the levels that I have marked off, Gold being major levels of price that the market had to offer, and the purple box being the range that seems to be forming before another major move. I'm almost certain that we will see a move to the upside to 0.93100 before moving down to 0.91573(AUD/CAD).

Clar_214942894312797

As expected, I strictly wanted to see a retest at about 0.65865 which then could possibly enter my neutral zone at 0.65900 through 0.65979.

Clar_214942894312797

From the previous stop that I had posted, we saw a drastic difference in market structure giving us key giveaways of a continuing downtrend. USD/CAD ended up moving about -536 Pips to the downside. As of now, we seem to have slowed down a bit and are slightly ranging before another major move.

Clar_214942894312797

A textbook example of contracts being accumulated for another push to the downside. Ultimately, this range took about Twenty-Two Hours to form. At Nine O'clock we see price creeping upwards which then moved downwards forming what seems to be a mini range of consolidation. Once again, let us wait as patience tends to reward those in interest.

Clar_214942894312797

It was immanent that U.S Dollar versus the Canadian Dollar was due for a sell off after reaching a peak formation highs off of the 50's. was it a major sell off? you'd ask. yes, indeed it was! the pair moved about -200 pips+ to the down side. For now, lets sit back and let patience in the markets reward us! As always, ask your self: -Whos in the money? ...

Clar_214942894312797

Absolute gorgeous trade off the daily lows on into the daily highs. Ive now switched to the 45m chart and higher time frames in order to grasp the bigger picture. It seemed obvious and straightforward at first but rather difficult and frustrating due to large wicks that form at these highs and lows through this on going cycle, and working off those cycles is...

Clar_214942894312797

Over the past week, $GBPUSD has been in range showing relative strength with volume at the $1.37581 through 1.37996 level. Speculators state that $GBP could very much be heading to $1.50 later this year! With such an upswing at the 1.38291 level, I truly do believe so.

Clar_214942894312797

Not much to say other than HODL! BUY!BUY!BUY!