USD Reversal – Metals Correction – FX Majors Weaker
USD – Dollar Index (DXY) is showing considerable signs of a very possible Reversal towards Minor 4 (red) Wave Corrective Sequence.
We are looking for signs of weakness in Metals (GOLD & SILVER) and a possible Correction before the next bigger rise.
EUR / GBP / CHF / JPY would all weaken against the USD, which could have a Rally and cause the current Trends to change.
DXY 2H Chart (picture):
DXY 2H Interactive Chart:
GOLD 2H Chart (picture):
GOLD – SELL Position:
- Entry – 1345.00
- SL – 1360.00
- Target – 1270.00
GOLD 2H Interactive Chart:
SILVER 2H Chart (picture):
SILVER – SELL Position:
- Entry – 18.10
- SL – 18.40
- Target – 17.25
SILVER 2H Interactive Chart:
USD/JPY 4H Chart (picture):
USD/JPY – BUY Position:
- Entry – 108.70
- SL – 108.00
- Target – 113.00
USD/JPY 2H Interactive Chart:
USD/CHF 2H Chart (picture):
USD/CHF – BUY Position:
- Entry – 0.9550
- SL – 0.9460
- Target – 0.9780
USD/CHF 2H Interactive Chart:
GBP/USD 2H Chart (picture):
GBP/USD – SELL Position:
- Entry – 1.3130
- SL – 1.3300
- Target – 1.2750 / 1.2400
GBP/USD 2H Interactive Chart:
EUR/USD 2H Chart (picture):
EUR/USD – SELL Position:
- Entry – 1.19600
- SL – 1.20100
- Target – 1.17400
EUR/USD 2H Interactive Chart:
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(September 8, 2017)REVISION:
Wave Counts and Charts updated.
DXY seems to be showing a Fake Break-Out.
DXY 2H Interactive Chart (revised):
DXY – Fake Break-Out – Bullish Minute IV by Libeloo24 on TradingView.com
GOLD – SELL Position – Status:
• Trade still remains in play and unfolding.
SILVER – SELL Position – Status:
• Trade still remains in play and unfolding.
USD/JPY – BUY Position – Status:
• SL hit, loss taken.
• BUY set-up abandoned, structure unclear.
USD/CHF – BUY Position – Status:
• SL hit, loss taken.
• Structure developed into a Triple Three Pattern, causing a Fake Break-Out
• Alternative Entry Level: 0.94500 with SL at 0.93200 and TP at 0.97800
USD/CHF 2H Interactive Chart (revised):
USD/CHF – Triple Three Pattern – Bullish Minute C by Libeloo24 on TradingView.com
GBP/USD – SELL Position – Status:
• SL hit, loss taken.
• SELL set-up abandoned, structure unclear.
EUR/USD – SELL Position – Status:
• SL hit, loss taken.
• Structure developed with a Fake Break-Out.
• AB=CD Harmonic Pattern spotted – Bearish Bat
• Alternative Entry Level: 1.20800 with SL at 1.21800 and TP at 1.18400
EUR/USD 2H Interactive Chart (revised):
EUR/USD – Bearish Bat vs Sub-Minuette C by Libeloo24 on TradingView.com
Screenshots:
DXY:
GOLD:
SILVER:
USD/CHF:
GBP/USD:
EUR/USD: