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.
I will be looking for short setups around 1.3490 if my confirmations are met Target 1 for me will be 1.3400 if we break and retest below I will hold my positions, the next tart for me will be the Daily Trend line.
Looking to open up some more positions on CADHCF from the previous setup. We had a break and retest on our 4hr CTL (Counter-Trend Line). Now the We're looking for a retest on the Daily CTL
-I Will be looking for a pullback to the trend line (0.7520) and then I will be waiting for reversal patterns to form around that region.
I do see GBPUSD hitting the neckline (1.28650) before making a pull back to 1.3000 for another leg down to 1.2750
-I will be looking for reversal patterns to form around 1.28650 before I go Long (Target: 1.30000).
-Then I will be looking to go short around 1.3000 (Target: 1.2750)
I've managed to get a nice entry on Gold off of 1300 Resistance level and the 61.8 fib retracement.
-You can still enter off of the Daily Close.
-Before meeting my extension at 1250, I do see Gold heading to the Daily Uptrend/1275.000 first to make a pullback to 1290 for another leg down to my -0.27 extension hopefully.
-I will hold my trade, take some profits at...
EURAUD is currently making another rejection off of the Downtrend. I will be looking for the reversal pattern to finish forming on the 4hr before going short.
-First target will be at previous lows (1.58070) around 100 pips.
-We could see this head to the extension -0.27 and start making a reversal off of the uptrend.