Using mainly technical analysis we see a lot of subtle bullish Price Action forming amidst the Dollar strengthening. -Bullish Bat formed on Daily ( Green Harmonic ), 4 hr bullish Shark ( Blue Harmonic ) on top of NU price is at the 2.36 fib level. -Overall NU is bearish as it is in a big (ABCDE) bearish correction wave. Currently the E wave which should be the...
Buy Starbucks ladies and Gentleman. I have a couple good reasons to invest in Starbucks as I will be myself. 1. Starbucks Weekly and Monthly Bullish Triangle Formation, and Bullish Harmonic Bat Pattern We can see an (ABCDE) correction, and Starbucks has already popped 7 percent from this universal trendline. The Bat pattern on the weekly chart inside of this...
Using Indicators and Harmonics with added confluence of a bullish Divergence I have came to the conclusion that EU will Rally. Bullish 1,2,3,4,5 sequence with descending Broadening wedge, Eu has to complete the final wave which will be a tiny bit choppy to resistance. EU is also at .618 level with Divergence on the 4 hour. From there I think shorts will take...
Using technical Analysis and Price action I have came to the conclusion that this move currently is bullish attempting to complete a D extension for a big Harmonic Bearish Butterfly. While its at it its also creating a Bearish ABCD downside and touching a major Supply level. --Currently DXY has formed a Bullish Cypher that is currently playing out which should...
First Point-AU 4hr is very bullish, it has touched a key support level, the golden zone and formed a bullish Bat. We also seen heavy resistance despite NU being -70 while AU was only -.30. Second Point- AU creating this next 20-60 pip push up it will consolidate and create a head and shoulders which will lead to the downside which is also filling the bullish...
-I see bearish price action over the past couple of weeks for this pair -CPI is tomorrow which would be a perfect pump to play out this Bearish Harmonic Bat on 4hr -For this D extension to play out it has to reach 104 level first. So you can buy now and short at that higher price. But be careful because DXY might need to touch support/ 102.35 for a boost up...
I see confluence harmonic bullish for DXY Harmonic Bearish for AU AU broke trend line grabbing liquidity and now is the real move down
-DXY CPI was decent numbers and its still bearish overall with low volume on USD -CPI is on Thursday and im sure the Big Banks are saving their money for that. -4hr Support reacted very well and we have clear rejections multiple 4hr candles Current long has strong possibility of 20 pips still .61570 Overall move is still a short and I believe it will be...
Last week we saw a Breakout in the 4 hr downtrend, and following that we see New Zealand touch a resistance point and rejected very well off it. This could trick a lot of traders into thinking its a short from the start of the week. -So I think we will start off with a 20-40 pip upside move following a 70-90 pip downside. 1st Reason, Big Order Block Rejection...
On the weekly time frame I see NU constantly rejecting the 200 ema, also I see a nice bearish gartley. -Daily time frame formed bearish crab -Constant rejection off 200 ema on weekly -Daily time frame shows NU retraced to .5 from big push down and shows rejection. -Confirmations -NFP , all other high impact this week for USD -Mainly WHAT JEROME POWELL SAYS :)
AU was bullish all last week showing signs of bullish pressure. This week we have GDP for USD, we also have AU CPI and NU news. In this analysis I see a nice gap, and bearish pressure from AU with the confluence of DXY strengthening,
UJ has been down for the last couple of weeks, the Yen is clearly preforming stronger but I believe UJ will be a long for this next week of trading due to this pair not being able to break key support level mainly. On Dec 22 UJ sentiment was almost 70 percent short and 30 percent long.. and the pair was able to steadily hold in the +.20 to .40 percent. I also see...