Patterns
Got my eyes on EURAUDHTFs - Larger sideways range formed on daily timeframe following a significant move down on HTFs. Price action near the top of HTF structure for momentum to possibly kick in and push price down.
LTFs - Patterns within patterns. Larger ascending channel approaching highs and outer structure. This ascending channel broke to upside and now looks to be forming a pattern extension with corrective price. Definitely one pair I'll be following going into next week.
Have a great weekend!
USDRUB Long term analysis for Russian Rouble !Russian rubble had a strong correction
to 68.25, but after that, formed the pattern
triangle with T2 and T3 trendlines (1,2,3,4
points). You can find expected movement
with green lines. In my opinion RUB will
stabilize a bit on christmas holidays, but
after, will decline up to 84.00, if CBR will
not take strong actions. Anyway CBR cann't
change the trend direction, but just hold
motivate the market for several months.
For long term strategy, fundamental changes
must be made in fiscal policy and in the
economy itself. If pandemic wil end in
December, this fact will not help currency,
there are other fundamental reasons why RUB
is declining
$XJO Daily (Long & Short strategies)Which way will XJO go???
I feel many investors are on the edge of their seats, whether cash or holding, there's this underlying sense of unease as the markets could swing either way at any moment...
So ask yourself, and answer in the comments below if you like:
a) Will we continue to melt-up and diverge from the economy?
b) Will markets crash back down and catch up with the economy?
c) Will we track sideways, become comfortable not knowing which way its going to swing, then bamm?
e) Are we just waiting for a catalyst, Say Trump catching C-19, or the elections...?
Either way, I have charted a Long & a Short play each with their own patterns, confirmations, supports & resistance.
I would very much like feedback & suggestions as i'm new to charting and keen to learn
Cheers,
US30 - Possible scenarioAs we can see we are in a clearly downtrend .. recently price was trending to the upside but the trendline got broken that means market structure is broken and will probably to continue to the downside.. still keep on eye for the next week on that us30