welcome to another signal!
Important: Wait for the Breakout and retracement to the resistance of the range!
Target 1: 1.49181
Target 2: 1.148559
Peace and good trades
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A continuous fractal pattern has occurred in 0x causing repeated price movements of approximately 25%+
On this date, the fractal is in a stage that appears to be a downtrend possibility for 16% downtrend from $.85 to around 74-77 cents
This is in week 1 out of a standard 2 week pattern, check for buys here on Nov 1st
blue arrows show that if price breaks and closes below the purple trend line then we could see a possible shorting opportunity. There are the red arrows which shows the 2nd possibile scenario which is the price bouncing off the green support area and moving up.
price is currently at a crucial point where it could bounce up or break below. Price respected the red ascending trend line several times lets wait and see if it will respect again. I have also added in the pink triangle to wait for the clear breakout. Wait for a confirmation on the 4hr chart.
As we already know EU is making a head and shoulders pattern and its currently on its way up for the right shoulder.
Nice and clear ascending channel is being made. Price can respect the trendline and bounce up or it can break and bounce of the support which is at the 61.8 fibonachi.
Since I published the Idea of longing BAYN, its stock price has risen 5€ per share.
The next short-term prediction is around 99-100, where it will break out and reach its target price of 120€ per share.
BUY BAYER, and see it as e pre-Christmas present of my part.
Pair: XAU/USD S
Observation: This pair formed a new lower low having broken through previous support which was tested twice and after and evening start pattern formation. 1D view is also in favour of a short. I will short this pair and target 1240.74 then 1222.31 and SL 1276.52. Risk/Reward is 1.4.
Feel free to comment!
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USDMXN on weekly and daily charts are approaching critical positions. Some key features -
1. Price is approaching or could approach an important trend line.
2. 50, 100 and 200EMAs have been separating, suggesting the trend still has strength.
3. On there is some sign of increasing bear strength on the weekly looking at the (red) Aroon line.
On the daily you can see an M formation being formed which is an indication that a downside will be in order. I have left an order a bit more aggressively but hopefully the reward outweighs the chances of a loss. I will take my profits around the 23.6 % levels. If it breaks that level. I will change my SL to a profit margin to scoop up whatever pips is left.