adriel.arrasmith

adriel.arrasmith Updated 

CGC has completed a classic 5 wave pattern, which is very visible as outlined. Not drawn is also a channel, which shows the current top at channel resistance. Also, we have major divergence on the weekly RSI as price has went up, but momentum down. The timing is impeccable as many everyday people have been piling into pot stocks as it is being legalized tomorrow...

adriel.arrasmith

As previously discussed in other post I expected Copper to correct quite a bit. I was expecting the 2.44-2.60 area because of many confluences. However, we have completed an ending diagonal pattern that pushed to 2.86. Now we have come down to my expected support area based on fractals and fib levels, which we are now holding. Also, if you look at the USDOLLAR we...

adriel.arrasmith

Copper has had a great bull run and is still bullish at this moment. However, we have a lot of resistance at the $3.30 level, inside of a channel, lots of divergence and we are closing the week as a bearish engulfing pattern. Also, based on elliott wave we should see a sell off as we have completed 5 waves. Also, there is a lot of supply of copper, which should...

adriel.arrasmith

This is perfect time to sell USDCAD at 1.27 and stop at 1.275 targeting 1.205 and lower. We hit a previous resistance, broke the counter trendline, and have an ema crossover with a 4 hour bearish engulfing pattern.

adriel.arrasmith

Previously, I had thought copper was taking a break and going to correct. However, we're now on our way to $3.40. From there we may see a pullback.

adriel.arrasmith

Copper to 2.90 then most likely 2.50-2.60.

adriel.arrasmith

Overall, I am still bullish on Copper to the mid $3.50 range. However, at this moment I am expecting a pull back because of a stronger dollar, a weak AUD, were at channel resistance, divergence, and we have made 3 waves up. I am expecting at least a rebound back to the 2.90 area, but I think 2.50-2.60 is very likely where we will have levels of support. At this...

adriel.arrasmith

Copper has been bullish since the bottoming we pointed out in early 2016. Now 2.90 has become an area of previous structure where we have held up recently printing a pin bar and bullish engulfing candlestick. It is possible we go lower before going up towards 2.70-2.80, but highly unlikely. The next area of resistance will be the 3.40 area and then around the 3.65...

adriel.arrasmith

The CADJPY has broke the previous resistance area and now retested that 87.3 area. I am long with an open target based on market conditions. The CAD could gain alot of strength. Let's see what happens.

adriel.arrasmith

The NZDUSD has held the previous structure area of 0.72-0.722. Also, the retest of a broken down trendline from 9/2016. A bullish engulfing candlestick was formed on 8/16/17 confirming bullish momentum, then with a broken counter trendline, 8/21 ema crossover and then recently a 4 hour bullish engulfing pattern. Price is likely to break out from here reaching the...

adriel.arrasmith

CLF is ready to go up to the $8.4 area and maybe further. Based on the technicals we held the $6 structure area, broke out of a wedge, had an 8/21 ema crossover and then today broke out of new highs, which may result in a pin bar rejecting the previous resistance now support. Also, There is many traders buying calls expiring in the next few weeks speculating on a...

adriel.arrasmith

Copper Making the Next Push to 2.90

adriel.arrasmith

AUDJPY has been in a downtrend for sometime now. We rejected the .618 fib level of the last leg and broke back thru support/resistance of 83.7. We're now looking for a retest of this level of the 1/4 hour and going to sell into potential new lows. Read my article about making 50% returns below. anyhows.com

adriel.arrasmith

The GBPAUD is now in an uptrend and after retesting/holding the 1.71 area it's buy. I'm expecting the price to move to highs and will keep my target open. Check out my recent article below. anyhows.com

adriel.arrasmith

The USDJPY has been in a downtrend on the daily chart and held the 112 area 3 times. We have now retested that level and at the .886 fib level of the last leg. Also, we closed as a daily pin bar as well. I am short now expecting prices to reach new lows, but will keep my profit target open. If you're interested in signals email me at adrielarrasmith@gmail.com....

adriel.arrasmith Updated 

Overall, I think we're seeing a strong move in metals, but waiting for NZD/AUD to follow. Also, the USDOLLAR is selling off strongly confirming this. From a technical standpoint we're at a major trendline, a major resistance area of 1.42 and also we have a few small harmonic patterns that have completed or are completing pointing to down movement. Finally, the...

adriel.arrasmith Updated 

Selling AUDUSD at 0.76. Stop loss is 0.76850. Target is 0.715.

adriel.arrasmith Updated 

Earlier I saw the CADJPY run into a trendline, previous structure and completed a cypher pattern. We entered at 82 and closed at 81.3. We will be looking for more short opportunities at the break of support and retest.