Gold`s long term inverted H&S is about to explode

I think Gold is unfolding an Inverted Head and Shoulders Pattern, now challenging Neckline`s level.

What i think is that is important to note is how price is approaching to the neckline level, related to the Moving averages orientation. Note how the proceeded times when price touched neckline, those MA`s where not as good positioned as now. See how they are in attacking the neckline in a very nice “trend mode”, meaning with that, they are all parallels and pointing to the same direction. Also note how in the actual approach, the AO indicator (bottom histogram), is above the zero line but beginning its “upstairs” move, opposite to the previous touches, where it was beginning its “downstairs” move.

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USDJPY H4/Daily Bearish Head & Shoulders

 

This monthly flat triangle is breaking bearish. Actually price retested broken trend line and is in its way to make a new lower low in the monthly time frame. Este triangulo plano esta rompiendo a la baja. Actualmente el precio esta camino a hacer un mínimo menor en la franja mensual. What is very interesting and make a very nice opportunity to enter short now, is that price is unfolding a bearish head and shoulder, remarked in the green square and showed in the chart below. Lo que es muy interesante y representa una oportunidad para entrar cortos ahora, es que el precio esta desenvolviendo un Head and Shoulders bajista, enmarcado en el recuadro verde y el cual se muestra en la grafica de abajo.

 

 

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USDCAD, possible Bearish Head & Shoulders

Seems to be that the Bullish Flat Triangle have failed. This scenario is favored by the possible Head & Shoulder showed in the chart below. For being conservative, i should expect the target for the H&S @ 1.1459, which will switch the triangle in a rectangle.  Aparentemente el triangulo plano alcista ha fallado. Este escenario se ve favorecido por un posible Head and Shoulders mostrado en la grafica de abajo. Para ser conservador, yo esperaría que el objetivo del Head and Shoulders este en 1.1459, que convertiría el triangulo en un rectángulo.

EURAUD, follow up & Elliott Wave analysis

	This was the last week outlook: http://swelltrader.blogspot.com/search/label/EURAUD Esta fue la visión de la semana pasada.
	That triangle seems to be a flag. El triangulo, aparentemente es una bandera.
	This is the Elliott Wave analysis for the last H4 wave down. Have to wait for a clear turn around to confirm EW 5 wave move finish.  Este es el análisis Elliott Wave para la última onda bajista en la franja de 4 horas. Hay que esperar un cambio claro de tendencia para confirmar el final del movimiento de 5 ondas EW.

EURAUD, Bullish Triangle

	The whole idea is to catch the bullish move within the triangle, in order to be in a free trade if the bullish breakout occurs. La idea es coger en el movimiento alcista dentro del triangulo, de forma que cuando se de el breakout alcista, estemos en una “free trade”.
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