Gold is in a triangle, but it will shortly leave it uptrend resistence is stronger than the downside one. ether it breaks one or another it will shoot upt 1340'ish or down to 1250'ish. Wait for a touch in the tendlines and a signal of bounce. If breaks one of the trendlines wait for retouch and the enter. Cheers! Leave a like if you enjoy, thank you!
as continuing from my previous post, we look for a reversal from a high and we look for a retest and trade on the failure of the retest before it reaches the top. in this example, we see price already dropped quite a bit so it would be better to place the stop loss at the high of the retest to make for a better R:R.
We have a symmetrical triangle here. This one will be tricky but my expectations are bearish in mid-term. I believe we will see another touch to the trendline at 1.116 but a Lower High at 1.1580 before that won't surprise me. Entry after 4h candle close confirmation. Targets are given at the chart.
Month support held at the 1.15500 level. Previous month closed bullish showing bearish momentum from April has began to slow. Price currently heading back lower towards the named support level closing the week candle bearish as expected. Looking for price to hold the 1.15500 level before entering long with an initial target of 1.17100. 1.5RR Trade Stop...
Price closed below week support level of 1.17150 after a strong rejection off key day resistance at the 1.18350 area. Momentum expected to retest Month Support at the 1.15500 level before looking for long opportunity. 1.93RR Trade Target 1.17000 Stop 1.14800
Month Support Held at the 1.15500 area. Week Resistance area of 1.17150 has been successfully breached, price heading towards the next key level which is day resistance at the 1.18300 level. Looking for a fail of the 1.18300 area before getting SHORT for the retrace back down to the 1.17600 level. 1.36RR Trade Stop 1.18800 Target 1.16015
Looking for a EURUSD short based on the .618 Fibonacci Retracement zone. The .618 Retracement zone lines up with the 1.22250 resistance level. We're going with the trend here. FX:EURUSD Mike Morelli
When the extension of the wave D ends and breaks the trend line it's a good opportunity to sell
lets se if the price go again into 50,0 and 61,8 of fibo scale.
trade with >70% probability. short @ 1.2427 ; stop-loss @ 1.2477
trade with >70% probability. short @ 1.2427 ; stop-loss @ 1.2477
This is one pair that has been bullish for a while in the long run however it seems it has hit it's mid-year highs and it's setting it's eyes on a nice short downwards to even the levels of 1.07 When the markets open tomorrow, I will be looking to short this pair instantly and forget this trade for like the next 3 months and watch what happens to your account....
As you can see price has potential to form a libra pattern. Good to long at least until it reaches the top of the downward trendline. SL1.03392 TP: 1.1115
Eur/Usd has a strong zone of support around 1.0949 which has held multiple times in the past. My conditions for entry are - If and only If that support (1.0949) is broken and if rsi dips below 30 I will look to enter short enter at 1.0883 with a stop loss of 1.1023 and a target profit of 1.0610 Conditions for modifications and edits: I will look to exit...
My plan is Dollar strength this week unless USA economic calendar numbers are poor. (PCE), (NFP). Looking for continuation short (scalp) Asia open. Neutral Till USA open News PCE . If news events are good for dollar strength 1 out of 3 short trade plans should work.