searching for IOU within a large DP. Can be very rewarding. In this case the IOU was very clear and it reacted beautifully as its align to a key level.
As long as price holds at the decision point as well as the weekly open holding. This will mean that market is looking for higher grounds for liquidity.
We have a potential double top here on usdmxxn
Looking at the DP to hold. If this holds price should make a move up.
Silver has an unfilled mvp. Price potentially if hold at mvp line. We look to go up.
we are looking at USDCHF to continue moving upwards for at least a few months to fill up the mvp.
Expecting eurgbp to search for liquidity after break of daily trendline
One of those super clear setups with price compressing towards DP
We looking at a completion of wave 5. So expect an abc pull back minimum.
The retracement on cadjpy should end. and we should see a long term down side for cadjpy.
Eurgbp still looking weak in this latest rise. We might yet see a deeper pullback before retracing higher.
PRICE SEEMS TO REJECT A MID TERM TRENDLINE AND WE LOOK FOR PRICE TO HEAD TOWARDS MVP.
A clear break off the long term trendline and heading towards the mvp.
Understand how ABC pull backs look like and the characteristics of the approach. This will give you a better understanding on when to enter.
The break of price across 2 highs will tend to stop at the highest DP. Before a retest shall occur
We have the dp. Engulfing an important ftr. If price holds we will go for the Long. A huge opportunity to the upside
Multiple engulf of DP. Price compressing in general. looking for a big short
We have an engulf of an important DP. Looking for price to short near mvp area