MoneyForNothingAndPipsForFree

MoneyForNothingAndPipsForFree

NZDUSD has formed a nice classic duble top on H1 and has already formed a first leg down, followed by retracement forming a downward channel. Price targets are the two pink boxes at the 50% and 61.8% retracements.

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Pink circle is target which happens to be right inside the 61-67% fib retracement.

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Looks like it, we have another touch of the bottom of the wedge and bullish divergence on MACD. A first potential target zone is around $1.50-$1.60 and second target zone should be a double top at around $1.90-$2.0.

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This is what I currently see for ACB. The stock has been basically trading sideways since June 2022 and found a low on October 11th. We currently dipped back into the demand zone from October and I expect price to retest the August high. My initial targets are $2 and $3 in the long run. Once we leave the accumulation phase this one, inlcuding $TRLY and $OGI, should fly.

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Text book bullish channel , the target is the green box.

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USDTHB left the bull flag and bounced of the low of the channel. Target is the green box.

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Altimmune had a good run, but right now it's sinking faster than the Titanic. It breached both the 100 and 200 MA on H4 and is on its way down to around $5.

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Looks like we are in wave 5 on H4 and the area around the 50% fib was already touched 4 times in the past. I expect it to touch a 5th time.

MoneyForNothingAndPipsForFree Updated 

I'm long SPX, price should retrace into territory of wave 4. Wait for pullback to go long.

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EURNOK has formed a nice double top close to the 38.2% fib. Unfortunately I missed the entry to go short, I will try to get into the trade once price retraces to the upside. The target of the short would be another touch of the bottom trendline. We also have a slight bearish convergence on MACD.

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Here is what I see. The ABC corrective pattern to the upside is complete and USDTHB is breaking down. I've outlined two profit taking zones (Green boxes).

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USDJPY has been consolidating for a few days inside a flag. If the flag plays out as it should we should see a run up to 147. The length of the flagpole is the same when leaving the flag.

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EURJPY is now trading inside an ascending triangle and I expect it to reach our first target soon.

MoneyForNothingAndPipsForFree Updated 

EURJPY is in sub wave 5 of major wave 3 and is going for the double top. We should see a retracement from there , before it continues its climb up inside the rising wedge we're currently in.

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I'm still long EURJPY and waiting for it to touch the upper trendline of the ascending wedge , that's where I'll open a short position.

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CADJPY is going sideways/consoloditating , which signals us about a potential continuation of the move to the downside. Price is also below the daily 100 MA (green zi zag line). My target is 102.76 - 102.23 and I expect price to find support at the daily 100 MA (red zig zag line).

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AUDJPY has broken out of the ascending wedge to the downside and is currently moving inside a bearish channel. I think that wave 5 is in play her and price should come down to the target box at around 91.50 - 90.800. If you look at the volume profile you will find a circle, I've marked this area to point out, that there's a huge volume imbalance and basically no...

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As you can see the EURNZD cross is trying to complete a triple top. I expect price to drop all the way down to 1.644, if we get the reversal to the downside.