Cleanchart
EURAUD- Sell Opportunity On The retracement of 61.8% Fib level!!- A very decent set up for the coming week.
- We can see how price as reacted to the 61.8% fib level and we see a strong bearish candle confirmation that bears are in control.
-A Confluence for this pair is that the supply zone is line with the 61.8% level which shows that price reacts well to the level and more confirmation that price would retrace once it has reached.
- Another confluence is the 50EMA which is above price indicates that this pair is in bearish territory and we are looking for bearish signals.
Drop down to the lower time frame and enter at a strong bearish candle to enter.
This should be a very good set up with a possible to risk to reward of 1:3 or higher when price hits TP.
AUDUSD Possible Bullish ContinuationPotential to trade the bullish AUDUSD major pair should price break the indecision doji candle positioned on the 50% Fibonacci area of value following a recent period of retracement. Possible 1:3 risk to reward ratio should price reach the 100% Fibonacci extension level.
4HOUR US30 RETRACEMENT SELLUS30 is now in a short term 4hour bull bias. The initial push is slowly dying out, the retracement or exhaustion from this push higher will be a great selling opportunity if it happens. Multiple confluences for reversal including 78.6 longer term Fibonacci, supply and demand zone, market structure making a new HH and expecting to make a LH, push exhausting retracemt coming, 24000 round psychological number. Expecting price to hit 24,000 before reversing and coming back down to the 50% fib level or around 23,600.
Calm before calamity We saw a huge push up in stocks and indices on Friday after Trump gave a speech. This would have caught people who were selling at lows out, however this was the corrective move that was in indices in order to collect more orders for the final push down on US30.
I see price moving into the 24500(61.8% fib, structural resistance as well as the weekly TL retest) handle where I'll be looking for confirmation to short the Dow John's into 18500. This is the 27% fib extension as well as the 78.6% retracement on the weekly/monthly timeframes.
This is a multiple TF analysis given within one 4H TF.
SGX [1-3 months view]I expect SGX in the short term to pull back towards 8.70 as long as it is holding below 9.38. After which, we should see a bounce reaction from 8.70 towards the alternative case target at 9.75.
Essentially, this is 2 trading ideas in 1.
Part 1: SGX to push down towards 8.70
Part 2: SGX to bounce and move higher to 9.75 thereafter.
Reason being that price is still holding above the long term ascending trendline support.