I AM currently short this pair. But probably not for long. This is starting to look like a flag and a buy for another up. Not clear yet, wait and see if the pattern finish.
Impulse, consolidation = one more impulse to take the last top.
Impulse down + consolidation. Low risk play at this level.
Impulse + consolidation. Good chance to go lower. Momentum divergence. Nice play.
What I see there is clear, this pair has to go lower to know what happen after.
If this pattern is a flat, it will go down one more before to finish. At this point, we will see if it will go to 148.617 at the first time. IMO, it has to there to finish the pattern.
Gold had a nice impulse down and is now flagging H4 and H1, it's possibly a perfect short for another nice run down, short term. Possible perfect play.
Gold had a nice impulse down and is now flagging H4 and H1, it's possibly a perfect short for another nice run down, short term. Possible perfect play.
The rejection of the area around the trend line in H4 and H1 let me think we have one more down to do before the huge up move, it would finish an ABCDE pattern, that would be good in preparation of the move up. Please take a look at the H4 and H1 view in comments.
This is what I think will happe to this pair. ABCDE to be done.
This is a chart of what happened last friday with the NFPs.
I am short EURNZD. An ABC pattern has to be completed. We will see after that.
The EURJPY is now telling me that is the time to start to short, the D1 pattern looks like the first impulse is done. We also have signal in H1. I am definitly short for a while. If it goes higher, no problem, small positions to handle it.
Selling the top of the potential flag. Small position for a possible long term run.
A huge trade is possibly coming above this line. This paire is consolidating since september 2015 after a huge impulse down.To finish this pattern, the price will have go under the red line. Wait and see what happen above the blue line, this play could be huge.
I take a short to reach my target before the long run. Long term trade :
This pattern looks clear for me, it's going down for a while.
It's could be a leading expanding diagonal, but it will have to pullback anyway, I think this pair could go down soon.