If today fed hike rates, then hoping for Gold to reach 1179.51 and then will eventually rise up. but slow rise..
But, fed can also extend their decision for next month, so a stop loss of 1211.68..
Summing up all...
CMP 1200.33
Target 1179.51
Stop Loss 1211.68
There are 2 sells I am looking forward to.
My time projection suggests the moves to happen around the orange dotted vertical lines but thats not a must.
First trade is selling the 0.618 retracement.
Second trade is waiting for more confirmation (break of trendline, then flag, then break of flag > sell)
Reward to risk in both cases it 1:1 the way I plotted it...
Price broke bullish trend. Now is doing a pullback till that trend. We can expect to bearish to the next supports. In addition, MA50 has broken MA200, wich alerts for a probably falling.
By combining Fibonacci Time Zone and Elliott's pattern, it seems like that LISK now is going to its 5th wave. May be it is a good time to buy, although I am not sure how much it can reach its peak.
The kiwi is currently moving in an upwards trend channel. By combining the fibonacci timezones with the fibonacci retracement we can locate a good long opportunity in the zone between the outside retracement of the previous swing low to swing high and previous structural support and resistance . The first limit target is based on previous structural resistance and...
Perphaps it is the last time to add some puts tomorrow before next week.. or not time will tell.
Another chart I made pointing at the same pivot point:
imagizer.imageshack.us
