The US30 Index is in a downtrend if we take a look at the weekly chart, however the recent few days were pretty bullish for the US30.
This Pullback is at a decisive point where it could go both ways .
For the both Scenarios I have it marked with arrows.
I am expecting a big sell off since the big trend is bearish and now the price is struggling to push further...
EURUSD hit recently the monthly key level around 1.038 and bounced off that up. In the previous years the price jumped back up after touching this key area. However we have now 2 Scenarios to watch.
Scenario nr. 1 (Red Arrow) : The price bounces back down off the 1.082 level and keep ranging between 1.082 and 1.04 and we can sell around 1.8 after confirming...
USDJPY is in an uptrend and looking forward to hit the strong weekly resistance around 134.5. Therefore it has to break the current daily/4H Resistance at 131.4 and close with a daily candle above. If this happens I will be waiting for a retest and if i find enough bullish pressure that pushes the price off the 131.4 area back up i will put a long position with...
this is the weekly chart and u can see it is forming head and shoulders, however there is resistance at 1870 because of "left shoulder" but the retracement(our current short uptrend) haven't hit the 50%fib level yet. i expect it next week to go up till 1892 and hit the 50% fib level and then drop right back below 1870 so the weekly candle doesnt close above the...
