US30 in a bearish trend on the 4hr chart
Price is pulling back in to the 50ema and fib cluster zone as shown on the chart.
I am waiting for rejection candles to form and then short down to new lower lows at 24500
Gold has reached the $1280/$1230 intraday resistance level again and has shown multiple rejections of this liquidity zone. I am looking to short gold back down to the $1400 key level.
We also have the 0.786 retracement level in this region from the last highs and lower lows. Price has also actually broken a major bullish trendline that was present form $1270 up...
Looking to short SP500 on the 3rd touch of this bearish top trendline and lower high. This would then mean the 5th bearish wave would be started and hopefully my original target of $2960 will be achieved.
Weekly timeframe - bearish
Daily timeframe - bearish
Simple trend continuation trading the 1hr lower high and rejection of the fib 0.618 and 1hr 50ema bounce.
Aiming for a new lower low to be made.
*** extended target is the weekly fib 0.618 retracement level at $1332
Simple flag pattern set up. I like to use the Fib 0.382 retracement level for an extra confluence and price seems to be rejecting it nicely.
Flag patterns tend to be momentum moves so I will target the fib -0.618 extension level for maximum R:R
Following on from late last weeks bearish move down, I am looking to sell NZDUSD on the next pullback.
1hr 50ema retest.
Trend continuation, lower highs and lower lows
Fib 0.618 level
Simple TL break and retest trade. I have applied the fib retracement levels and the retest aligned perfectly with the 0.786 retracement level. This is then a lower high on the 4hr chart.
I am targeting a new lower low on the 4hr.
GBPUSD is back at the 1.2750 resistance zone which has shown a lot of action on the 4hr timeframe recently.
I am shorting this fx pair here with the hopes it makes its way down to the 1.25 support zone.