Opusdtrading
OP target 6.451D time frame
-
Entry: $1.4
TP: $6.45
SL: $0.9
RR: 10.1
-
(1) Broadening wedge on high time frame
(2) Successfully testing support zone of the wedge bottom now
(3) Target analyses from Fib extension and Time structure are overlapped at $6.45
(4) Need time to reach during bull major wave, spot is better
(5) Stop loss once going below $0.9
OP target 1.762 (short-term)2h time frame
-
Entry: $1.38
TP: $1.762
SL: $1.29
RR: 4.24
-
(1) Potentially accumulate momentum to pump through two Fibs Projections
(2) Yellow path: Finished a Fibs projection from 0.382 to 1.414
(3) Blue path: Currently searching support around Fib 0.382, high possibility reach 1.272 if stop falling here
(4) Fib 1.618 of Yellow wave is overlapped with Fib 1.272 of Blue wave
(5) Stop loss once going below $1.29
OP target 2.414h time frame
-
OP created a double bottom and retested with a triangle structure. OP is still consolidating in this triangle, which could be a potential continuation structure and help us to set up a trading plan. Target will be estimated from double bottom and the triangle.
-
TP: 2.41
SL: 1.523
OPUSD: Channel Up to test the 2 month Resistance.OPUSD is on a stellar rise within a Channel Up that is supported by the 1D MA50 and very balanced bullish technicals on the 1D timeframe (RSI = 63.931, MACD = 0.054, ADX = 31.710). The 1D MACD shows significant upside potential and we will take this opportunity to buy and target the LH trendline (TP = 1.8000).
The Resistance Zone is between R1 (1.87500) and the 1D MA200. If the price closes over the 1D MA200 we will buy the breakout and target the 0.786 Fibonacci level, just under R2 (TP = 2.79500).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##