Update coming below: It is bearish on the monthly time frame, although the latest bearish trend has NOT broken the daily uptrend. Therefore, it is bearish in the monthly time frame and bullish in the daily time frame. If we consider the monthly trend (down), the wave 1 of wave (5) has ended at 1.2369 and it is time for a reversal. According to my analysis, it is...
Chart update coming here: One idea says that the downtrend is finished and it is time to goes up to the end of channel. Lets see! It is just an idea not a trading signals.
Will it back again to 1.12? This is just an idea from an armature trader. Do not use it as a signal.
TVC:DXY ... Up $NYMEX:CL1 ... Up OANDA:XAUUSD ... UP What does it fundamentally mean? Should we expect the lower bank rates? And as a result, improving the industry and individual's economy. Or ... Is a crisis ahead?
My analysis shows that this pair is bullish till 0.8852. Lets see! This is just an analysis, not a trading signal.
Will it see the 1.0 zone again? It is just an analyst from a mature trader. Do not use it as a signal.
From my point of view it is in the end of wave 4 or beginning of wave 5 (wave 1 of 5). Based on this analysis my SL will be moved to above wave 4 (1.2810) Please share your idea and opinion about Elliott waves as I am currently studying this technique. It is for sharing idea and getting help from experts. Please dont use it as a signal.
Based on my chart analysis it goes down from 1.2750: TP 1.24 and SL 1.2840.
It's been over a month since I opened my first sell position and it's still active. My knowledge of technical analysis supports my idea and I think it will go south to the final destination around 1.20/1.19 (but not below 1.1780) sooner or later. But Trend is the boss and whatever it says is acceptable. By hitting SL I can admit I lost.
I would like to start sharing my idea about oil. It is only for my documentation and follow-up documents and to get feedback from other traders. Please do not use it as a signal. I think the price of oil continues to move up towards 86 and then 88 and 95 USD. Lets see and good luck in your trading.
Is it formation of flag in bullish trend? So, if confirmed continue uptrend.
Let's update the chart analysis. I still have my sell position and waiting to reach my TP. I hope my forecast is correct. My entry was 1.2950 and I put SL on min profit now. So if it's back I can at least get the minimum profit. My final TP is 1.24 Some always it's just an analysis not a trading signal.
Let's have a cup of coffee! To me it's like a inverted cup and handle pattern. If so, the downtrend continues. This is just an idea and not a signal. Trade safely and have a nice weekend.
In the monthly and weekly time frames GBPUSD is bullish till TP 1.48! Who knows? It is just a forecast from a armature trader, not a trending signal.
I expected the retracement to the 50% Fibo. Lets see!