USDCAD Can Buyers Continue After Their Rest?It looks likes buyers are taking a rest ( creation of flag ) after the "1st Impulsive Wave". If the move up continues, buying the flag breakout is not a bad idea. The move up is likely to test the "High" with a possible extension to the 0.27 fib. level.
6.1.8. Family.
More Than Just Trading.
618
GBPJPY:Pay Attention to the 0.618RETThe market has moved to the 0.618RET of previous drop and it may face the strong resistance.
So it may be good to sell at 146.6 levels when price action gives signals in the PRZ.
SL:above 148
TP1:141.2
TP2:136.0 and further more
More profits wil be taken if the market breaks out the 143.0 level at first.
NZDUSD:Bearish AB=CD Pattern and the 0.618RETThe bearish AB=CD pattern is complete at 1.273 level and the 0.618RET of previous drop is at the same level.
Meanwhile the previous structure also works at this zone,and strong resistance will be faced here.
So it is good to sell at 0.723-0.725 levels when price action gives signals in the PRZ.
SL:above 0.726
TP1:0.713
TP2:0.706 and further more
One Good Trade Recently, I have been in a draw-down which is like being in an ocean without knowing how to swim so you are constantly in and out of the sea. I always end up in the red every time I'm in the green. But I certainly know I will be out of this draw-down, and it's only going to take "One Good Trade". I'm not sure if it's this buy, but I can sense it coming it even from a mile away. Hopefully, this is it.
6.1.8 Family.
More Than Just Trading.
Are Sellers In Control NowFor the majority of time, Buyers have been in control since May resulting in a "Higher High (HH), Lower Low (HL)" sequence. However, have the Sellers had enough and maybe looking to gain control? This can only be confirmed once the "Buyer 1 Zone" is breached. For now I'm looking for a short opportunity.
Happy Trading.
6.1.8. Family.
NZDUSD:Bearish AB=CD Pattern and 0.618RETThe bearish AB=CD pattern will complete at 0.7238 level and the 1.618EXT of BC is at 0.7247 level.
The 0.618RET of previous drop is at 0.7238 level.
Meanwhile the previous structure works at about 0.720 levels.
So it is good to sell short at 0.720-0.725 levels when price action gives signals in the PRZ.
SL:above 0.725
TP1:0.715
TP2:0.710 and further more
On My Radar: EURGBPWith this trade, there are two buy entry options( Cypher Pattern or Flag Breakout ). Aggressive traders can enter at the Cypher Pattern completion while conservative traders take the flag breakout.
Personally, I prefer the flag since I have a bias EURUSD might fall further so waiting for a confirmation is not a bad idea. But I can't be 100% certain what the market is going to do now or tomorrow, so my bias can be wrong.
Trade with care.
6.1.8. Family.
More Than Just Trading.
Buy Opportunity on EURUSDI have been stalking this pair for some time and finally it looks like the buy trade will trigger. If price pushes up in a sharp form it confirms Elliot's guidelines about alternation since the previous correction in this entire wave down was sideways.
Overall, this has the potential to be a good trade to the 618 fib level.
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More Than Just Trading.
BTCCNY:Sell at 0.618RETThe market broke out the triangle and the target reached at 5254 level.
Meanwhile the 0.618RET of previous drop is at 5245 level and the previous structure also work at this zone.
So it is good to sell short at 5240-5260 levels when price action gives signals in the PRZ.
SL:above 5260
TP1:5190
TP2:5150 and further more
EURCAD:Buy at 0.618RETThe market has broken out the starting point of last drop and the pullback is coming now.
The 0.618RET of the previous rally is at 1.426 level and the previous structure also works at this zone.
So it is good to buy at 1.422-1.426 levels when price action gives signals in the PRZ.
SL:below 1.418
TP1:1.439
TP2:1.445 and further more
NGAS:Sell at 0.618RET and 1.618EXTThe 0.618RET of previous decline is at 3.04 and the 1.618EXT of previous rise is at 3.07 level.
Meanwhile the prevous structure also works at this zone.
So it is good to sell short at 3.04-3.10 levels when price action gives the bearish signals in the PRZ.
SL:above 3.15
TP1:2.80
TP2:2.68 and further more
USDJPY:Potential Bearish Libra Pattern and 0.618RETThe market has broken out the starting point of last rise and the pullback is coming now.
The potential bearish Libra pattern will complete at 113.3-113.5 levels because of the previous strcuture.
Meanwhile the 0.618RET of previous decline also locates at 113.3 level.
So it is good to sell short at 113.3-113.5 levels when price action gives signals in the PRZ.
SL:above 113.9
TP1:112.5
TP2:111.4 and further more
DXY:The Monthly Potential Reversal ZoneThe DXY dropped for a long time and it rallies to the potential reversal zone which may have strong resistance.
The 0.618RET of previous decline is at 101.8 and the 1.618 of previous rise locates at the same zone.
Meanwhile the previous structure also works at this zone.
So it is good to sell at 101-104 levels when price action gives the bearish signal in the PRZ.
SL:above 105
TP1:95
TP2:92 and further more
If the PRZ is broken out,107-109 will be seen in the future.
XAUUSD:A Shorting OpportunityThe market has broken through the upward trendline and the pullback is coming now.
The downward trendline also gives the resistance.
Meanwhile the 0.618RET locates at about 1215 levels and the previous structure also works at this zone.
So it may be good to sell at 1215-1216 levels when price action gives the signal in the PRZ.
SL:above 1220
TP1:1206
TP2:1200 and further more
NGAS:Bearish AB=CD Pattern and 0.618RETThe bearish AB=CD pattern is completing at 2.92 level and the 0.618RET of the previous decline is at the same level.
Meanwhile the previous structure works at 2.9-3.0 levels.
So it may be good to sell at 2.9-3.0 levels when price action gives the signal in the PRZ.
SL:above 3.02
TP1:2.8
TP2:2.7 and forther more