My oustanding trades and forecasts

I will be surprised if a new low is carved out before my objective is hit. The MS2 contained the recent move south. There is also strong support on the daily and weekly charts.

The correction off of the WR1 has already been completed, and is now taking on the appearance that it wants to reach for the WR2 at 83.67.
Another thing to watch for with this pair is that I have been stating to watch for the decade's S1 at 78.02. That would supply the strong bounce towards the 87.00 area. The monthly is starting to take on the look that the move might be ready to start making that move, now. A strong base has been formed on the daily chart. The monthly stochs is getting ready to cross in some extreme territory. The pair could now be at the crossroads. I mentioned some of the strong R's in another post in this circa area. If the area is broken, and we make it to WR2 at 83.67, then that could be all that is needed to confirm the issue. Afterward, it could be on to the WR3 at 84.74.
If this is time for the reversal for the pair, then 93.41 gets put on the radar instead of the previously mentioned 87.00 area. For now, it is still wait-and-see.

This pair is still on the verge of exploring new southern territory. This correctional process should only be temporal, at best. I would look for the MR1 at .9922 to be containment to a move to the weekly tenken at .9771. I have pulled my entry order on the GBP/CHF in favor of this pair.

There was a recent thrust through my MS2, but I view it as terminal, so I went long at 1.3593
It is still my view the daily tenken at 1.3927 will be hit.

The USD/JPY is at a point of exhaustion, even though there is another northward leg due. It is camped at the bottom of the daily cloud, hit +3 sigma, is almost OB, and is due for a correction to the kijun at 81.81. It is eyeballing the tenken on the weekly chart at 86.59.

The correction was not completed on the upper side as was mentioned in a previous post. This is why, it continues to struggle around the WS2 at 1.5992. The pair is getting ready to head back up. 1.6064 is a viable target, but a further correction is going to be needed in order for the pair to break out of its consolidative process.

The pair is starting to get comfortable above the WR1 at .9861. We should get at least a mild pullback. This is where you would confer with the hourly chart. AS long as price keeps closing above the .9861 level, then it puts the WR2 at .9922 on the radar.

I would first look for an hourly close above the WP at 1.3419. Once that happens, then the correction should continue to the WR1 at 1.3504.

I was wrong. I'm glad I did not trade it.

4xpipcounter wrote:The correction was not completed on the upper side as was mentioned in a previous post. This is why, it continues to struggle around the WS2 at 1.5992. The pair is getting ready to head back up. 1.6064 is a viable target, but a further correction is going to be needed in order for the pair to break out of its consolidative process.

I will admit to having a bit of a tough going lately on calling the correction points, but this is what I see for this pair.
The pair is waiting for another breakaway. There should be a struggle at the WR3 at 1.0258. Conjecture tells me it is too close to it with the high volume that London and NY will produce, which means it will give it the horsepower it needs to make a move to the MR1 at 1.0318. There may be some preliminary R points, but the latter is what I see for the reversal.

hi paul,

how nice ur predictions gold worked out the same way broke ws1 and ws2 and reverses back now targeting wr1 let us see where the market reverses for next week move towards 1290
regards

4xpipcounter wrote:Hari says, "I want gold!" So, Hari gets gold.
1433.01, 1403.57, 1385.82, 1350.09, 1332.57, 1303.13

The predicted retreat happened on Friday for gold. A further move south is still expected. The weekly tenken at 1347.62 is on the radar. A further move to the WS2 could also ensue. There is also a possibility of the weekly kijun to be hit at 1290.50, but that level will, most likely, not get hit this week.