stanchiam

stanchiam

From a higher time frame, it is pretty clear the support and resistant Price should retest the resistant region, if it holds, price should go lower again If it break and hold above, will look to long the retest of the breakout

stanchiam

wave structure do support the bullish view will look to long, probably BOE 50 point increase will shoot it up

stanchiam

mr market whack down the longs, bulls probably got stopped Will try long again, still valid

stanchiam

seems like bulls have taken over after the expanded flat correction looking forward to at least one to one extension higher

stanchiam

it may be possible that the current move down now is an expanded flat, if such scenario, price will explode back up after completion

stanchiam

will like to be bullish but the wave structure are moving up in 3 price may retest 1 again

stanchiam

lets see how price react around 0.679 region, strong break and close below may suggest further weakness

stanchiam

If price do not break down further and stay above 1.744, price may climb towards the 38-50% region before further weakness and new low

stanchiam

The sideway movement may complete the corrective wave B and if price manage to stay above 1.484, price could start climbing higher towards 50% region

stanchiam

After this leg up, price should start to correct lower, towards the 50-62% region ideally, before higher

stanchiam

The move down is not yet reaching the price split one to one target of 1.134 It is not going sideway forming some kind of flag or triangle. Hence am still waiting for another new low before looking for long

stanchiam

Short term move up getting started, time to long We should at least test the 50% region and even new high if USD melt down started Good luck

stanchiam

Whatever you do, selling is a huge risk, it can keep on rising towards the sky Good luck

stanchiam

The mother of all waves could potentially be coming as strong USD sell off continues. Loaded and waiting for lift off. To the moon....lol

stanchiam

Price keep extending lower, opportunity for long is coming, waiting for bulls to show the way(first wave up)

stanchiam

Price finally hit our 50% retracement region and we are seeing bounce now However, we still need price to go back above key levels, the best clue will be price back above the channel Work in progress

stanchiam

Previous view was smashed and we are back to the drawing board. Monitoring price action on GU closely, will like a strong push up and see the reaction of price If price manage to hold above key levels, bulls could be back in control and a possible new high USA might announce new measures which may help in this view. Work in progress.

stanchiam

Waiting for bears to bring price lower to confirm they are in control After which, there should be good opportunity to short usd Work in progress