AUDCAD: Bearish idea after the BOC ratesHey traders,
On the AUDCAD we can see some more bearish moves, so I'm waiting for price to retrace back to the Fibonacci cluster area and short from there.
Cheers
Fibs
GBPUSD LONGas seen the 61.8 fib is very strong here with the pair previously bouncing off it numerous times on the daily charts. the fib also lines perfectly with the with weekly trendlines. waiting for a confirmation to go long.
EURUSD LONGas seen the pair has bounced off the monthly resistance along with bouncig off the trendline. i expect the pair to break the trend to the upside. im looking to enter once the the pair has broken its trend and bounces back in around the purple box indicated.
AUDUSD BULLISH MOVESwe have recently seen the pair have a very strong bullish movement. news has impacted but the technicals are still there. im keeping a very close on the pair as i feel both fibs that are indicated very important depending if either is broke. wait for confirmation long or short.
GBPCAD short term buy then soon after a longer term sell. Inverted Head and shoulders forming on the 1h timeframe at the 61.8 Retracement level of the coming double top. Could reach 78 extension or 88.6. Highest 127 Ext level. Then GC will most likely drop heavily.
AUDCHF SHORT TO THE 61.80% Hi traders:
On AUDCHF, we can see the price action hit the daily resistance of 0.7735, and broke down the support trend line on the 4 chart. Waiting for a pullback to form a lower high is a good idea to short to the daily 61.80%.
Thank you for your support and feedback.
JoJo
Silver: Wait for a correctionLooking at the past, we see that silver is repeating the same pattern. If you are not long yet, best to wait for a correction or a sign to buy. Don't go chasing the price.
Trade with care.
ANOTHER SHORT OPPORTUNITY ON EURUSDHello everyone:
Just like the previous trades I posted on USD pairs and GOLD, EURUSD is also sitting on strong resistance area of 1.1900 and over extended. On the 4 hr chart, we see a clear break down from the channel, signalling the bullish momentum may be exhausted, and a pullback on the daily chart may occur on EURUSD. This week I am looking for a intraday pullback, lower high to confirm and enter a short position down to the 50.00% area, as well as a the support trend line as a target.
Thank you for your support and feedback.
JoJo
EURJPY SELLthe pair has round out of steam to the upside and looking for a major reversal here. confirmation has just been triggered.
NZDJPY - ASCENDING TRIANGLEclear ascending triangle has formed with the pair at the 61.8 fib, i expect a strong move to the upside.....wait for confirmation as always before entering the trade
GBPUD longas seen the pair is dabbling on a strong daily resistance and also pigging off the 61.8 fib with low rsi. confident the pair will be going long, just got to wait for confirmation.
NAUT will get out of the triangleNAUT is a speculative coin, halted since one of its dev passed away (RIP)
The coin tendency will be probably defined in a few hours
The 3 triangles patterns will propose a new tendency, which can be for long if it goes over the 0.618 Fib
Entry : 157
TP 1 : 164
TP2 : 171
TP 3 : 180
SL : 146
This is not a trading advice, just a point of view :)
WEAT 6-29-17From Monday watchlist. "Old man trade" $WEAT up 4% on the day. 20 MA coming through the 200 with price above... even this slow motion mover got some lift from it. Not holding my breath, but super bullish if it works into the green triangle.
BIOS ModelBIOS hit strong resistance at the 3.00 level and came off pretty hard. Beware, if it falls into the red triangle it could end up in the lower quadrant. However if it can get some traction and push through 3.02 it has plenty of upside imo
