My view for the week ahead. Already in these trades, lets see if they pan out
The price of gold has carefully been manipulated to below last months open price. It has a few more stops to clear before I expect a possible bounce just under $1265. Bullish Order Block 61Fib
Believe we will see early weakness in USD and GBP next week and strength in EUR and CAD so these are the 4 pairs I will be looking at
Looking for signs of reversal tomorrow to go long USDCAD.
Expecting atleast a retrace to the 1300 breakout level, if not lower.
Looking to get Long here and keep it for a few months. Head and Shoulders on the weekly.
Looking to get long here. Tight stop, nice big targets.
Looking to get short here on EURNZD for a swing trade. Will have tight stops just above the last LTF high. Target is huge so big risk/reward on this one
Technically: I see a long term channel break, cypher and head and shoulders pattern, all bullish. Fundamentally: South Africa's president just survived another vote of no confidence. This will long term be negative for the South African economy
Here are a few trade levels I will look to trade this week.
On the left I have an example of what I am looking for in this USDCAD. There is a major untested order block just under the recent lows. I am hoping the lows will get spiked into the order block before we have a nice rally up. Good risk to reward on this one
USDJPY looks like it reached for the bullish order block. This is a bullish signal to me and I feel we could have a little rally. I am looking to enter on the 50fib. Will also watch on the LTF to see the price action when it gets there. Big potential targets so great risk/reward on this one
Looking for a 5min reversal pattern at this area. Equal legs, 61fib and Breaker all coming at between 1.380-1.385.
Fundamentally OIL inventories had a big drop and Trump didnt drop the Nafta trade agreements with Canada. Both bullish fundamentals. Technically there has been a stoprun/liquidity run and I am looking to short on the 30min at the 50% retrace. Big untested order block on the 4H at the 78fib which will create a perfect bullish cypher
Looking to short at the order block. Expecting market to run the lows for liquidity into the Bullish Order block
Gold looks to be forming a nice reversal at the 78.6 Fib. Technical targets would take it to the 1.27 Projection of BC around 1180
Looking to go short at the Order Block. Stops need to be cleared before a big move. Great looking order block lower to take profit and go long