I will be looking to go short if we see reversal patterns form between the 78.6-61.8 fib or even a double top at 1300. If we get a break of the Uptrend I will be looking at first targets to be around 1275 with a final target at 1250.
However if we continue to break above 1300, I'll be looking for a retest on 1300 before going long. Target 1: 1325, Final Target:...
Real simple, just looking for a break and retest on 55 Dollars Per Barrel. I will be placing more orders as we break through each structure.
Target 1). 50 Dollars Per Barrel
Target 2). 45 Dollars Per Barrel
Target 3). 40 Dollars Per Barrel
Final Target). 33.3 Dollars Per Barrel (-0.27 Weekly Fib Extension)
I will be looking for a Daily Reversal pattern to form before going long. This market is still incredibly bearish don't mistake a pull back for a reversal pattern. Unless we can get a break and retest on 1.2500 (Previous Weekly Low) instead of going long I'll be looking to go short.
1.258 Double Bottom
1.259 78.6 fib retracement
I will be looking to go short if we see reversal patterns form between the 78.6-61.8 fib or even a double top at 1300. If we get a break of the Uptrend I will be looking at first targets to be around 1269 and a final target at 1250.
However if we continue to break above 1300, I'll be looking for a retest on 1300 before going long. Target 1: 1325, Final Target: 1345-1350.
As you can see USDCAD has gone to the 1.35000 level numerous of times now and has failed to go much higher! I have entered a SELL with SL at 1.35500... trade smart and have fun. Have a profitable week!
Once price reaches 1.6350 I will be keeping an eye out on price action and I will be looking for Daily/4HR reversal patterns to form before going short or a break of the Counter-Trendline. (First Target 1.60255, 2nd Target 1.57000)
|If we have a nice weekly break of the Uptrend, I will Hold onto dear life.|
-This setup will be invalidated if we have a Daily break...
My analysis is based on a stuck in the box type formation which has taken place on a D1 chart. With many attempts to breakout it has found a very strong resistance, we have had a false downturn take place today with a retest to the top. What i think is going to happen here is it may even retest and break this key level, but with NZD news coming which is...
Like I mentioned in the previous post, If price does break through the Weekly Trendline we could see price head to the Monthly Trendline/61.8/0.6300 before making another sharp upside move. Initial Targets for me will be 0.8800, final targets at the -0.27 extension 0.9890
I will be looking for a Daily Reversal pattern to form at the 78.6 fib before going to go long. However, If we break through the Weekly uptrend, I will be looking for a break and retest around 0.6300 + the Monthly Trendline
For longs initial targets for me will be 0.7560, Final targets will be 0.7900
I will be looking to go long on this pair on Monday/Tuesday if the 1hr CTL is broken. The long will be invalidated if the previous daily lows are taken out
Target 1: previous daily high
Target 2: 0.27 fib extension
I'll be looking for Daily/4HR Reversal Patterns to form on 140.000 before going long. My previous short setups has hit our final target of 140.000 (+360 pips) So if reversal patterns do form you can look to hedge GJ or take your profits completely.