Tango1

Tango1

Crude Oil has recovered price from the flash crash in April 2020 to be around $ 42 . Price has consolidated recently in the zone between $37 - $ 42 , which represents the March 2020 Gap Down. A breakout of this consolidation to the upside is considered as part of a long bias ( 20 MAV > 50 MAV , and price supported by 20 MAV) 1. Enter long on present...

Tango1

Gold appears to be consolidating on intraday chart within an ascending triangle. One possibility is a 3 drives move. Stay Long , gold is BULLISH. Enter - around $1955 Target - $ 2020 (equal extension of triangle) Stop - $ 1935 ( below second drive support) RR = 3

Tango1

Just awaiting this intraday short term symmetrical triangle to break , up ( with trend) or down ( retracement) . Given gold is uber bullish , only a buy is considered either with breakout or at retracement......

Tango1

Looking to enter long for continued movement to upside for this pair. Trade considered as per chart

Tango1

Pound has broken recent triangle consolidation with an intraday impulsive move to the upside. There has been a pullback to retest past swing high. Enter long on a short pullback. 1. Enter - 1.3595 2. Stop - 1.3530 ( below swing low) 3. Target - 1.3795 4. RR = 3

Tango1

The Aussie is within and intraday channel to the upside. Look to enter long on a pullback , for next wave up from key level 1.0690. 1. Enter - 1.0690 2. Stop - 1.0650 ( below recent consolidation) 3. Target - 1.0800 4. RR = 3

Tango1

The Euro has been in a longer term downtrend to the Swiss Franc ( 50 MA below 200 MA ) . With price below the 200 MA the bias is to the downside. Market participants are Net Long , and a short caters for the contrarian viewpoint. Suggestion for the short 1. Enter - around 1.07 ( recent horizontal resistance) 2. Stop - around 1.0750 ( just above the 200...

Tango1

Pound is trading beneath the 200 Period MAV. Short opportunity's could be considered on any intraday rallies towards 1.25. Target zone 1 - would be channel support at 1.2150 to 1.2200 Target zone 2 - would be the key level of 1.2000 The key level of 1.2600 would provide a good exit point (stop) to invalidate the short bias.

Tango1

Euro is on a corrective slide to the downside. Consider a short position. 1. Enter - 1.1240 2. Stop - 1.1305 3. Target - a. .50 fib = 1.1100 b .618 fib = 1.1025 RR = 3

Tango1

A suggestion for further price erosion of pound ( as BOE bumps up QE) , with a consideration of fibonacci's. Overlying resistance on the intraday chart see a confluence of MAV's and Horizontal resistance. Consider 1. Enter short = 1.2495 ( Retest for resistance) 2. Stop - above recent consolidation = 1.2595 ( 100 pips) 3. Target - 3 shown corresponding...

Tango1

Gold has been in consolidation within a symmetrical triangle on the intraday chart. Price can break up or down. This is considering a scenario of up. 1. Enter long - at break of triangle to upside = $1726 2. Stop - below prior swing low of triangle = $ 1710 3. Target - there would be 3 points a. Prior horizontal resistance = $ 1745 b. Equal extension = $...

Tango1

The Aussie is in consolidation , and considering an idea for a 4th leg of potential cypher. Entry for a long 1. Enter at .6820 (.786 fib) 2. Stop - below A ( the pinbar low) 3. Target - .7030 ( D = 1.27 fib extension) 4. RR = 4.5

Tango1

As Per chart , considering a measured move (ABC) further down . Risk Reward = 2

Tango1

Aussie on a strong move up... there is a strong rejection candle on the intraday chart. Consider short 1. Enter - around .7035 2. Stop - above .7100 3. Target - .6755 ( reversion to 120 MA) 4. RR = 3.5+

Tango1

Considering a scenario for the Aussie index to move in a possible Cypher pattern as on graph. As such 1. Awaiting signs of a correction back to the downside from 6200 to 5100. 2. Then a further move up to a new all time high in 2021 breaking the 8000 level.

Tango1

Gold has been in a corrective mode since early Sept 2019 , travelling within a descending channel. Momentum appears to be contained to the downside , with the MACD averages located beneath the neutral line. IF so, then enter for short 1. Enter - around 1480. 2. Stop - above recent swing high of 1514 3. Target - 1404 an area of support , which is also .382...

Tango1

Gold looks to making a corrective minor 4th wave. If we take a minimal retracement the .382 fib, the price for gold is 1407. Enter short at intraday level of price rejection and look to target 1400 as per chart....

Tango1

EURNZD is within an a wedge consolidation , and maybe completing the 4th Wave (D). If an ABC minor correction is in play , then consider overall a Head and Shoulders scenario with the pair now forming the right shoulder. With price nearing the .786 fib retracement of minor wave a , wondering if minor wave b is just about done. Looking to short the EURO ........