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Duane
Rep: 100
Posts: 1,095
Possible beginning of decline. Something to look forward to next week !




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eurusd primary analysis aug 26 1851 pm 1 day png
DU
Duane
Rep: 100
Posts: 1,095
Still Funny !!

https://youtu.be/85lpWoESHUM
DU
Duane
Rep: 100
Posts: 1,095
Another possibility for next week



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gbpjpy gbpjpy d1 aug 26 2103 pm 4 hour png
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MarcinO
Rep: 67
Posts: 5,506
Hi Duane! Yes, USD is set up to strengthen now so it will be an interesting week.

Originally posted by Duane

Possible beginning of decline. Something to look forward to next week !




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eurusd primary analysis aug 26 1851 pm 1 day png

MA
MarcinO
Rep: 67
Posts: 5,506
Models and bottles.

Originally posted by Duane

Still Funny !!

https://youtu.be/85lpWoESHUM
DU
Duane
Rep: 100
Posts: 1,095
My preferred scenario. We should see some sort of bullish reaction to the median line early this week, the degree of the reaction will determine the wave we are in. If we can get up to .786 the Kane pattern will insure the highest probability trade.


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eurusd eurusd h4 aug 29 0043 am 1 day png
DU
Duane
Rep: 100
Posts: 1,095
Short term short or wait for long


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gbpjpy gbpjpy d1 aug 29 0204 am 4 hour png
MA
MarcinO
Rep: 67
Posts: 5,506
Pound is approaching 1.3085.

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6b 2016 08 29 png
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MarcinO
Rep: 67
Posts: 5,506
M1 price action indicated that the move is likely done or just need one more drop to 85.
With the overall context though, I would be a bit surprised if this area brings a substantial correction.
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MarcinO
Rep: 67
Posts: 5,506
Reaction to 1.3120 might be all the Pound can do.
MA
MarcinO
Rep: 67
Posts: 5,506
My favorite area for the Pound is around 1.30, with minor level at 1.3050.

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6b 2016 08 29 2 png
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Duane
Rep: 100
Posts: 1,095
Did not matter much, the reaction that you foresaw was accurate on my XAU/USD chart. Just an excellent example of a great set up. All the fibs, adjusted forks, wave count. High Probability trade. Nice work.