EURUSD pulled back to Y VWAP VAL. I'd wait to see how it react for the nearest several days. If we see it finds support here we can long it till 1.088-1.093

Edited: Otherwise rejection will pull it back to 1.05 and this move can be shorted

@WiseForex #EURUSD

S&P500 keep on moving within bull flag pattern and above Y VWAP VAL. Can't call it very bullish but while bullish pattern stay invalidated I take it as it is. Once range low or high gets invalidated we will have a confirmation for direction.

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@WiseAnalyze #SP500 #Stocks

US CPI MoM (May)
Actual: 1%
Expected: 0.7%
Previous: 0.3%

US CPI YoY (May)
Actual: 8.6%
Expected: 8.3%
Previous: 8.3%

@WiseAnalyze #SP500 #Stocks

EURUSD back to 2017 open level at 1.052 (wicked to 1.05059). Next re-test of Y VWAP VAL is for shorts.

Potential target for long scalp 1.058

But careful as Monday can bring another impulse down as well (down to 1.044). Entries only on candle pattern reversal confirmation and bearish momentum lose.

@WiseForex #EURUSD

S&P500 bearish target for the 3rd leg down is reached ✅

Eleven 8H red candles in a row. Not forecasting anything, but in general its a good zone for a bounce. Although I can't imagine stocks recovering back to bull trend anywhere soon.

Decade VWAP is at 3975 and that is hard rock resistance turning stocks index chart into most bearish chart in decades. VAL at 3450 and zone below it down to 2020 Year open at 3236 makes it a target zone for retracement in case 2021 Year open at 3763 will be lost.

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Previous forecast both bearish and bullish targets achieved. This time lets look at higher timeframe chart. Weekly shows that Gold managed to grow back above Decade VWAP. Quite a serious move. In bullish scenario we may expect it to grow back to D VWAP VAH at ~1970 or at least one of resistance levels below it. Considering the state of stocks it might be a good hedge.

I still prefer to wait for stocks to have a bullish bounce and then get rejected at some point - that will be the best moment to enter Gold.

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@WiseForex #Gold

USD/GBP week chart is climbing towards May high. In case of breakout should grow to ~0.828, but that chart also posses interest in short position in case at lower timeframes we see rejection (to create double top).

Still I must warn about going against the trend. As USD is clearly bullish.

@WiseForex #USDGBP

EURUSD lost 20117 Year Open and May 18th low. Now in a free fall. Not entering any position till there will be some signs for reversal. Waiting for 1.0378-1.0397 zone for the next bounce.

@WiseForex #EURUSD

USD/GBP broke out and now targeting ~0.836 🚀

@WiseForex #USDGBP

EURUSD bounced from 1.0397 👌🏼 Hope you made some profit. Now coming back for re-test. This time I wouldn't set blind long orders. Wait for reaction.

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@WiseForex #EURUSD

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Target reached ✅ Now possible pull back to 0.805-0.816

@WiseForex #USDGBP

EURUSD re-test bounced higher ✊🏼 remember - reversal indicator is acceptance above 2017 open (~1.052). Before that moment it can drop back to 1.044 or lower for more consolidation.

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@WiseForex #EURUSD

From the dip 2.47% unleveraged. Now at 1.044 and looks bearish. If lose marked level will do another leg down.

S&P500 came back to 2021 Open SR level at 3763. Although I don't see it coming yet this zone is a good one for a bounce. Area in between 3855 and 3890 left the FVG so will be attractive for index to revisit. But it is a risky counter-trend trade.

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@WiseForex #SP500 #Stocks

EURUSD dipped back into the same zone. Hard to make a trade out of current chart, but the general idea is simple. While we may expect UERUSD to bounce in the beginning of the next week Month close at 1.048 remains the main resistance level for current downtrend, thus any visible rejection at or below that level will most probably lead to continuation.

Theoretical bullish scenario (that is not visible now). If price manage to get above 1.048 and consolidate between that level and 1.05 there is a chance for reversal back to range top at ~1.06

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@WiseForex #EURUSD

USDJPY testing month open from below. Doesn't yet mean that this chart have reached the top, but something to monitor. Think about month TF and how forming candle looks there. Since March this chart pumped a lot and got to cool off. I believe even in bullish scenario it will pull back to 133 at least - trigger will be drop below 134.74

Another option is to short at 136.3-136.7 range with stop above last month high.

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@WiseForex #USDJPY

This is scenario I see for the coming weeks. Correction to ~4000 SR. After that, if S&P500 bounce, it will be able to continue bullish reversal. If not, previous progress will be deleted.

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@WiseForex #SP500 #Stocks

Not very promising price action in S&P500, but expected. Lets see if it will bounce from 3663. Next zone will be Year 2020 VAH around 3628.

Crypto dependent on stocks performance, so when SPX bounce, crypto will do as well.

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@WiseAnalyze #Stocks #SPX

Dollar Index pulled back to ~111 SR ✅

Still time left till tomorrow's FOMC when DXY can pump back up. So the main question is if Bitcoin price will already include new rates hike by that moment or will be overpriced and has to go down.

Another important milestone is CPI on November 10th - not so far from today as well. Last time it hit all the markets really hard.

@WiseAnalyze #DXY