Signals for 12/06/2020Hey guys, me again. Let us take a look at some signals for Friday.
EURUSD – On h1, you can see that the price was in a consolidation, and broke out with a bearish impulse. I’d say the price is either going to test the range’s support and fall down, put a target at 1.1250, or break through, test the support from above and go up until at least the top of the range, in which case that a target at 1.1380 and the second at 1.14
GBPUSD – we can see that the price tried to bounce from a support at 1.26, it tried for a false breakout, that’s a pretty bullish signal, so if the price holds above 1.2640, long with a target 1.27
AUDUSD – there’s an impulsive breakout out of a range, so think euro, either a pullback and bounce, or it goes back in then grows. Targets are 0.68 and 0.67 for short, and 0.70 for long.
OIL – also pretty bearish. A reversal model occurred. I’m waiting for a pullback and fractal at 37, and then I’ll short with goals at 34 and 31.50.
AAPL – let’s wait for the price to react to the level at 320-325. If the price bounces – long with a target at 350, and if it impulses below and pulls back, short with a target at around 300.
FB – the price is in a range between 225 and 240. If it impulses down and holds below the range, short with a target at 220 and the second at 215. Also, if there’s a breakout, and then the price goes back inside the range, you can long with a goal at 240.
CLDX – We can see important levels at 10, 8.50 and 7. If the price holds below 8.50, you can short with a goal at 7, and the second around 6.
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That’s about it. I hope you found this useful, and best of luck in trading.
