LIT
Buying LIT @ $26.44 Today 34x500 Looks good & on brschultz modelBuying LIT @ $26.44 Today 34x500 Looks good & on brschultz model
USDCHF clear buy?USDCHF played out exactly how we expected. Currently, Price hit our strong key area of 1.00610 and starting to reverse. This indicates that the strong key area which was broken last month has been retested and is planning to continue rising towards the next key area of 1.03000. Now, this week many news on US-CHINA trade may cause havoc in the markets. We will enter with the stop loss just below the key area and if the price continues dropping instead...we will watch to see if the price is ethier simply testing the key area or making it's way down for the rest of the week. Cheers.
USDCHF BUY
start: 1.00620
stop loss: 1.00300
take profit: 1.02814
AUDCAD weak trend line but still valid? In AUDCAD we have a weak yet a somewhat good trend line being touched twice and the third time today. If we can get a candlestick pattern of sorts, we may be entering buy positions for the pullback.
USDJPY BUY? SELL?In USDJPY we have a beautiful move that we called out for sell scalps. Perfectly hit our ascending trendline and reversed immediately towards the monthly resistance. Now we are facing two scenarios. A sell stop or a buy stop.
USDJPY SELL STOP
start: 111.648
Stop loss: 111.953
Take profit: 110.195
USDJPY BUY STOP
Start: 112.253
Stop loss: 111.913
Take profit: 112.849
SP 500 reaching historic high, drop? or continued buy?SP 500 reaching historic high, expect a drop or continuation upwards. With US news this week, we could see the index dropping.
SP500 SELL
Start: 2934.6
Stop loss: 2991.8
Take profit: 2715.7
ujsdjpy to finally offer some relief???keep in mind that NFP is tomorrow. if USDJPY breaks below monthly resistance aligning with market structure then I'm looking to go short
EURUSD hmmmmmmmmwith a break above current weekly resistance I'm looking to go long with the targets marked by green rectangles
where is USDCAD?? After a massive drop from USDCAD I'm looking to take long until 1.29 to fill the gap
Whats next for USDJPY??. I'm looking for USDJPY to break below both the trend line and monthly resistance than I'm looking for shorts to the 113.000 area
EURUSD up or down??!?!?. If EURUSD has clean break of the trend line, I'm looking for sell positions. 1st target at 1.7000 followed by 1.65000
EURCHF Possible Price Action DumpageEurChf had a solid close below the last remaining support and is now in no mans land.
Would also be a perfect 1:1 AB=CD move to the next structure level
With the solid close below makes me think this thing is gonna continue to follow path of least resistance and head lower
Looking to be a great trade with awesome R:R
Will keep updated on this and post higher/lower TF Charts for reinforcement
Fib confluence strong EU ResistenceTriple fib confluence (x2 618 x1 127) at 158 even handle looking for possible bearish continuation
Very similar to AU trade taken last week
Plan your trade trade your plan!!
GBPCHF breakout moveWhichever way market goes we have a plan for a chance long into the next resistance level (1.2913s) or if a breakout to downside stay on move until gets into the zone at 1.28500's
If long and profits get taken off or even half of position possible continuation into a cypher pattern with great fibs lining up
Plan your trade trade your plan!
Great Fib UJ Cypher Pattern Cypher has pretty awesome fibs on UJ with price going into then right out of the .382 and 127 so far
Obviously will take a while for this pattern to see if it will complete but with how well it lines up so far it makes me optimistic about this
May also show some opportunities to get in on a short into the pattern but We'll see how it goes
Will update as it progresses!
EURCAD Bat Pattern ShortBat pattern forming on EURCAD with good previous structure and an even better R:R
Will update on if or when the pattern completes
My bat patterns fibs
XA into a .5 Retracement
AB brings C in at .786 retracement
Pattern complete at the .886 retracement of X to A
AU Bat Pattern ShortBat pattern forming on AU
Bat pattern is
AB into a .5 retracement
BC into a .786 retracement
CD into an 886 retracement giving us a good shorting oppurtunity with small risk and a great return
Bat also complete at a pretty large structure level which gives us a good spot to place our stops above the X leg of the move (74.900s)
First targets into the .382 retracement then second targets are into the .618
Plan your trade trade your plan!
AJ Fib Confluence / Cypher ShortMarkets pulling up into an area with lots of Fibonacci confluence there's also a lot of previous structure at this level
stops will be above the larger swing high to give the trade some more room to work
There's two separate 1414 retracements at this level as well as a 1618 fib all within a pip of each other calculated using the recent impulse legs
There's also a potential for a cypher pattern to complete its B to C leg at the 127 fib within our shorting area.
This could become a counter trend trade so I will be looking for addition confirmation however there is potential to be a good trade setup just see how it plays out
Plan your trade trade your plan!
USDCHF Fib Confluence Short TradeLooking for market to retrace after running into a 127 and 141 fib confluence that are within a pip
Market is also very overbought giving more cause to the short case
Not looking for total reversal just pullback to continue the overall trend
SL is at the 1.00560s above the previous swing high
Looking to take profit at 9990s
Good luck and always have a plan
