DIVERGENCE in EURUSD 60. It is still in the corrective structure so this move down could be the start of the down impulse or part of the correction. On the 60 I am expecting a correction as in the DYX 60 .
DXY in a Daily correction making an up leg .This could be D leg in a daily wedge pattern or the start of the up Impulse. on the 60 min i am expecting a correction .
Gold is making an ABC correction ,the C wave could be an abc ( flat ) or an abcde ( expanding ending diagonal ). Waiting for confirmation on both sides with breakout and lower degree correction before I enter a trade. For those who Missed it ,I am doing a SPECIAL webinar on Monday 9 am NY time. It is FREE and OPEN to the public . I will be looking at a number...
This is another trade we took in our trading room,still in looking to add on correction. This analysis was posted before we took the trade , check the related idea.
The AUDJPY is in a corrective pattern ,making a down leg. If this is the start of the down impulse then the move should be going to the -270 of the weekly fib!! I will be selling on any lower level corrective structure.
I am expecting one more up impulse in the DXY and if it makes Divergence will signal the start of a down trend. I will follow up on lower time frame for the end of this up move and the start of the down move. Remember we are still in a corrective structure on the Daily time frame which could make one more down leg before the up impulse starts. This is a long...
This is a nice triangle . This Consolidation can go up or down but both are very short term trade.
This is a possible way the corrective structure on the EURAUD can develop . I will be following it for short sell and then the buy .
A Short term triangle pattern .
EURNZD is making a bear flag. waiting for the break to sell.
EURUSD broke the up trend line and made an impulse to the downside . I am waiting for confirmation that this down move will continue in the form of a corrective up structure .
GBPNZD is in a consolidation for a next up impulse. The consolidation is a triangle which could break down for more correction or break out to the up side which starts the next impulse.
Sorry posting this a bit late ,taken in our trading room ,up 33 pip only .
GBPUSD is in a 240 mins up trend, I am expecting some more correction before I look for a buy.
The BTCUSD is in a consolidation, this pattern could be 3 waves or 5 waves before it breaks out. Breaking the bottom of this pattern negates it .
The AU200 is in a daily up trend and is making a correction to the lower trend line . A nice bear flag on 60 mins . Selling the break out for a target to the 270 fib.
The dollar index is showing sign of ending this down leg. Breaking out to the down side will be a sign of continuation of the down trend. Divergence on the MACD is supporting the end of this leg of the corrective structure.
The GBPCHF looks like it completed the correction and is about to break out .