Looking to scale in on my original EURCAD short positions now price is making clear lower highs and lower lows.
Aiming to go short at the Fib 0.618 retracement level which coincides with a retest of the broken bullish TL and the new bearish TL drawn on the lower highs. The 4hr 50ema should be in that area to act as a dynamic resistance
Here is a counter trend trade set up on the EURAUD fx pair. Shorting on the 3rd rejection of the 0.27 fib extension from the last 4hr wave. I will be looking to take this trade down to the 4hr bullish trendline and if that TL breaks then I will go for the daily fib 0.618 retracement level at around 1.59
Here is my simple analysis for gold after being long from $1270 and closing them at $1295 for a short position that failed. I was hoping that the daily bearish trendline would continue but instead it was broken to the upside.
I am now looking to go long on the next 4hr higher low to take advantage of the bullish trend. A retest of the $1290 resistance/support...
EURNZD is rejecting the weekly fib 0.786 retracement level. I am shorting at this zone with a fairly aggressive stop loss in the hope of a break downwards. I will be paying attention to the daily/4hr TL for a break or bounce and will remove exposure at this level.
Here is a simple bearish trend continuation short trade for Gold. Daily has made lower highs and lows and price is now approaching the bearish trendline again.
The fibonacci 0.618 sits just below the $1295 level so stops above the 0.786 fib and $1300 psych number would be the safe option.
Last nights NZD data left the daily candle looking very bullish.
Looking for a long position at this level with a fairly tight stop loss. I am anticipating a break of the bearish TL and 4hr 50ema. The more conservative entry would be to wait for that break of TL first.
Simple long trade based on the 4hr bullish trend making higher lows and higher highs. Price now has support at the bullish trendline, 4hr 50ema and the Fib 0.618
Stop loss below the 0.786 keeps me safe and can allow for a spike to that level before more bullish price action comes in to play.
Here is my simple trendline break, long trade set up on GBPUSD
The recent 4hr/daily bearish trendline has now clearly been broken and price has tried to form a new high on the 4hr timeframe. Price also broke back above the 1.30 key support/resistance zone.
I am looking to go long on a pullback and bounce off the broken TL and Fib 0.5/0.618 retracement levels....
Here is my set up for a quick counter trend short trade on GBPAUD.
From analysing the previous 4hr waves, price reacts very strongly to the 4hr fib 1.618 extension level. Therefore it should be safe to short at the current level around 1.86 and the fib extension of the last bullish wave.
Stop loss placed 35 pips above the 1.86 whole number level and I am...
Here is a simple short trade set up on EURNZD. Price has reached the midpoint of the daily 0.618 & 0.786 Fib level so there should be some nice resistance around here.
Price has now broken the 4hr bullish trendline and come back to retest it. In this retest zone we also have the 4h Fib 0.786 retracement level and the 1.69 whole number price level.
I am targeting...
I am currently long gold from $1272 trading the counter trend pullback to the daily bearish TL. I am looking to add to this long trade if price comes back down to $1280.
I am trading Gold as bullish until it reaches my sell zone at around the $1295 zone as marked on the chart.
My next buy entry is based on the $1280 level, bullish 1hr TL and Fib 0,618 retracement level.
Here is my analysis on the XRP vs USD price chart. You will see a lot of people talking about the ever expanding "wedge" breakouts that are showing bullish signals but in my opinion there is more downside to come before any new highs will be made.
As it stands, my final target for XRP short positions is $0.21 per coin. This is the weekly Fib -0.27 extension level...
Here is a simple set up for CHFJPY long positions.
Price is rejecting the 109.500 daily support zone and is flattening nicely with deceleration present. Price has broken above daily pivot now and I will be looking for the TL and 1hr 50ema to be broken and closed through next.
Safer entry would be to wait for the break ad retest of the TL and 1hr 50ema.