njauKENYA

njauKENYA

all this is on a speculationary basis- on the monthly timeframe we've already seen a sideways correction and according to eliot's wave analysis there's always one correction thats sharp.

njauKENYA

divergence on the weely chart fibonacci clusters up above previous high making that a point of interest

njauKENYA

price action on the larger timeframes already is bullish. more confluence for a possible retracement is the RSI divergence in the daily timeframe though will price action break that resistance at 1.40000???????

njauKENYA

as per my know how i'd say we are at the end for a five-wave pattern according to the elloit's wave theory. coming next is a retracement wave . All this on the macro timeframes. the fifth wave actually might be a truncated fifth due to the RSI divergence evident

njauKENYA

interest rate divergence would play a major role on this trade CAD interest are coming out this week

njauKENYA

in a speculationary basis i can for see the hangseng fly above current levels

njauKENYA

mid 2000s price levels have to be mitigated first before the next bull run my targets are 6000s, 7500s and 11,000s all this being on a speculationary basis

njauKENYA

i think the the FED is going to be a big catalyst for the price fall if they choose to hold interest rates or rather decide to be more hawkish. that would promote a more divergent outlook on the interest rates, it would make alot of sense for the price plunge. DXY too has started a bull run last week caused by the NFP,though i did make alot of sense price action...

njauKENYA

for holders, i think you should careful now more than ever I might get trolled but we've BTC tank more than once it might tank to mid 40 thousands, from there would be clear buys to the least level atleast 83000 price level the institutions won't gve profits that easily without a fight

njauKENYA

since the FED were still hawkish the week proir yesterweek we'dhope to see an impulsive wave this is NOT financial advice CHEERS

njauKENYA

NOT financial advice anticipating a fall of the pound against the australian dollar weekly RSI is on free fall

njauKENYA

eurusd short long term interest rates will play a major role this is NOT financial advice

njauKENYA

as for this week Jerome Powell & his team have maintained the interest rates at 5.50% signaling a bit of hawkishness, but i do belive there is room for a push further up to 109ish the a major plunge is gonna develop after that.....cheers

njauKENYA

watch out for weekly candle close ,head and shoulders pattern might be cooking . RSI is overbought on weekly tf heavy pip range