I will be looking for Gold Shorts off of 1347.000 Daily Resistance all the way to 1300.000. As I do see Gold making a pullback to 1300.000 (61.8 fib region) before a continuation to the upside Targets will remain the same as before. (1350.000)
I'm eyeing up GA for a long as it is currently in a Demand Zone. I'll only look to go long if I see a break of the 4HR Ascending CTL (Counter-Trend Line)
Targets could be around 1.86800, but I'll look to secure some profits as we head towards the target...if this trade does play out.
Daily Ascending CTL (Counter-TrendLine) has been broken. As a reversal pattern we have got a Head & Shoulders formation on the Daily. I will be looking for a break and retest of the neckline (1.70350-1.7000) before going short.
Target 1: 1.67500
Target 2: 1.6500
Target 3: I will use my method to keep trailing stops using the Daily Time Frame until I get stopped out
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:...
If Dollar Index Weakens XXX/USD goes up. If Dollar Index Strengthens XXX/USD does down.
Looking at DXY I can see a Reversal Pattern form inside the box with a Pin Bar, Doji and what looks to be a Bearish Engulfing Candle. However, the market is uptrending & this could easily be a retest on 98.00 for a continuation upwards to fulfill the -0.27% extension.
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.
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...
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