Price reached the resistance zone. You can see the past price action near the support and resistance levels. Everytime we could open trades and make good profit. Now we have the same opportunity and we can sell below 53,50 with target at 51.50 and 51.00 levels. Stop orders must be placed above 54.00 level. It's a good example how to trade properly in range market...
This is a trade I am currently in. I am short AUD/USD from this key level that prices has failed to break a number of times. This is a simple setip for 1:2.22 risk/reward
This pair is slowly ticking lower but has been unable to close below the 1.3015 weekly level. Once we get a clean break and close below this level on a daily time frame we will look for shorts. We have to be patient with this as the MA's are in bearish territory on the weekly and daily timeframes, as well as the weekly bearish fib play. This level is holding but...
Gold broke lower out of this channel after testing this weekly level to the upside. Prices then pulled back after testing the daily level to the downside and is currently rejecting the 61.8 fib. If we see bearish price action I will enter short
USD/JPY rejected this zone and is heading lower. On a break of his counter trendline we can go short. Risk/reward is 1:2
GBP/USD is in a key area and we have had two 4hr inside bars. A break above this area would show that support is holding, therefore giving long opportunities. A break below weekly support at 1.2420 would see us short to around 1.2250-1.2200. It is important to remain unbiased and trade what we see here
Setup is based on the clone of the left part. We are in a wave B before another drop down. Last time price got over 61.8% of wave A in wave B. So setup is as follows: Entry short: 53.12 (61.8% Fibonacci) Stop 54.33 (above the top of A) Target 50.01 - round number ahead of C=A.
Commercial hedging short interest is at multi-year highs - back to where it was in summer 2014 when oil topped at around $100. Hedgers are locking in current prices as they believe they are extremely attractive in the medium term. Speculative positions are also at multi-year highs - making oil prices prone to a downside squeeze. WTI may have set in a near-term...
USD/JPY has been capped at the 61.8% Fibonacci retracement after a nice rally and now stands in this ascending channel. This pair has been making lower highs and lower lows so is in a technical downtrend, alongside trading in this descending channel. If prices break this channel I will go short and target the monthly support at 111.50.
AB=CD pattern completed , oil can go down to the first target then to second
Brent has already broken above Oct's highs but WTI hasnt managed it yet.
On background the down_trend (on higher TF) we probably have correction from fibo line 0.618 level. So, setup pending sell order on breakout the fractal_based line. Dont forget about Stop Loss! (short_term trend is rising, so we will follow the rising trend if trade will stop by Stop Loss). I want take a great part of the reversal movement! So, follow my signals...