SPY moving on up, get ready for this last move up before a big drop, be ready.
The markets are changing and oil is looking weak with this strength in the dollar as of late, so be prepeared for this. My overly bearish view on oil is the retest of the lows USDWTI @26.06 and lower @22.00.
I will be going officially global markets are changing its in the charts so be prepared!.
Okay so I have the week mapped out, in Simply- DXY stronger, Yen stronger, Metals down and this week will prove my trade ideas and Directions of markets.
This market is beginning to feel directional.
Some of what I was expecting is playing out which is great. The Euro is stronger than other currencies and the DXY is on its next move higher.
Long video, potential ides for this move in the dollar and yen pairs
AUDNZD and EURNZD charts are both looking great for some downside movement. Watch this video cause these charts are looking very interesting.
AUDJPY is still consolidating , I did get into a countertrend trade for some short term bounce.
USDCAD is creating a very interesting pattern, I was confused at first by what was being created. Patience and time the pattern began to unravel.
AUDUSD will have a retest of support area where AUDUSD last consolidated. I am keeping my eye on this area due to the potential move in the near future. The chart i am looking at is the weekly , so this will take time to play out.
EURUSD is looking interesting when you go back through your charts and then look at the bigger picture of what is going on!!
long 10 min video but interesting outlook, thanks .
Limit order was triggered and my position was closed out. Great trade!
Currently watching and waiting for this pattern to finish lower. If breakout to upside short at retest of highs
EURUSD has turned into a triangle formation common for a 4th wave 1 more move lower expected. This is only due to triangle formation and strength of DXY.
EURJPY still moving as expected, lower. A pullback has occurred but looks like a strong ZIGZAG. Time will tell be patient and trade on.