Tango1

Tango1

Silver is bullish .... Considering entering long on a retest of 16.80 area as support. This would make a good entry point. Target is 18.30 ( look left on the monthly chart and its is a prior swing high point) Stop below prior resistance now support at 16.50 RR = 5

Tango1

USOIl has been travelling in a descending triangle , with price contained beneath the 200 MAV. Price has tested the support at 50.00 twice , with rejection. Looking for a 5th wave , now moving up back towards 55.00. Then possibly the final wave down, to test 50 a third time and break to the downside. The bias is bearish for OIL. Entry is sought to continue...

Tango1

Gold is uber bullish presently. Look to enter a long trade with a pullback 1. Enter at the 10 MAV 2. Stop just outside the 20 MAV 3. Target is 1242 Risk Reward = 4

Tango1

An idea- Gold is within a Wave 5.3 This being an impulsive wave , a possible endpoint is considered at 1.618 extension from waves 5.1 and 5.2 to a target of 1656. A wave 5.4 would be corrective and possibly move price back down to 1542 , before a final leg towards 2000. Optimistic yes, but presently bullish on gold since we are experiencing a motive wave.....

Tango1

Staying with a short bias with EURJPY Entry - confluent area for 1. Shorter MAV = reversion to mean 2. Retest of Resistance Target is bottom of trend channel Stop - above prior channel high Risk Reward 2+

Tango1

The EURUSD is travelling within a downtrending channel , with the 200 MAV containing the price action. Price has broken below 1.1100 and yesterday the buyers were rejecting price passing to 1.10 , with the formation of a notable pinbar. Before reentering with a short trade , the area of interest would be 1. Test of now 1.11 as resistance , with failure. 2....

Tango1

Yesterdays bullish candle and breakout of resistance , places a long bias on the pair. Entry - look for price to retest the prior resistance level as support. A candlestick reversal would be good. Stop - below breakout low . Target - completion of an ABCD pattern RR = 4

Tango1

A short entry is considered for this pair . Trade is on chart , with a target of .6750

Tango1

AUDNZD has been in a channel downtrend. Waiting to reenter the channel at resistance . Entry - around 1.0440 Stop - outside channel above 50 MAV Target - prior swing low RR = 3+

Tango1

AUDUSD has been in a longterm downtrending channel. More recently price has moved up , and price is currently testing the lows of this internal channel. The short opportunity is considered for a breakout of this minor channel, but it needs to be confirmed , first with a break and retest of a lower swing point. Entry is at that point which is in the low teens...

Tango1

The wave count for the current downtrend which commenced in Dec 2015. Current count could be 1. Primary wave 5 2. Intermediate wave 3 3. Minor wave 3 incomplete

Tango1

GBPJPY has been in a steady downtrend since early 2018. Price is approaching the supporting trendline for this channel around 132.00. Notice the price is moving against the momentum. Towards 132 , the bias is short. At 132 , looking for signs of a reversal to the upside to test the 138 level ( now acting as resistance) , before price resumes the downtrend to...

Tango1

An area of value may occur with confluence of 1. .50 fib retracement of recent swing down. 2. Intermediate horizontal resistance Stop above .786 fib Target - between .272 and .618 extension , at a level of past horizontal support. Risk reward is 3....

Tango1

Euro Yen may have recently formed a daily double bottom. The short possibilities exist if price offers rejection of any of the fib levels , with noted extensions as targets. A long would be considered on breakout and retest of the swing high as support.

Tango1

The All ords is pushing towards multiyear highs. An entry is considered in direction of trend . Set 1. Entry - just above the high of the recent inside bar ( mother candle) 2. Stop - below major support at 6770 ( and below current candle wick) 3. Target - .618 fib extension Risk Reward 3.5

Tango1

Gold has broken from recent triangular consolidation and is retesting current support/resistance zone. The bias is to the long side , as price respects the 200 MAV. Entry - near the current support at 1425 ( fib zone of .5-.618 , showing long wicks to downside and price rejection to the downside at 1420) Stop - break of the recent swing low and beneath major...

Tango1

Current count 1. Primary wave 3 2. Intermediate wave 3 3. Minor wave 2 4. Minutte wave b Presently considering we are in a b wave possibly making its way to a retracement around the .50 fib of the minutte wave a. A short bias would be consistent within the framework of the corrective wave 2. Overall the view on gold is long, as intermediate wave 3 will unfold.

Tango1

Entry @ 111.05 - 111.10 Stop above Right Shoulder Swing 111.60 Target - 110.25 ( which is confluence of measured move and fib .50 )