Looks like price retesting broken ascending trend line. This is also where 61.8 fibonacci located for the recent drop of XAUUSD. We might see price continue going down to retest 1755 area again. There is also a possibility price making right shoulder of a HnS pattern. Sell XAUUSD 1827 Stop loss 1855 Take profit 1755 (2.5R) Use only 1-2% risk Good luck Disclaimer on
Trade ideas for USDCAD Price now found support at MA-200. This is also near 61.8 fibonacci retracement of recent upwards movement. I think we will see further upside on this pair as all pairs are weakening against USD. Only CAD lagging behind it. Buy USDCAD 1.2520 Stop loss 1.2450 Take profit 1.3000 (6.8R) Use only 1-2% risk Good luck Disclaimer ON
It was very clear price holding below the 123.50 resistance for quite some time. Notice that three black crows candles appeared and right now retracing for 61.8 fibonacci retracement. This could be a good area for entering sell. Sell CHFJPY 123.20 Stop loss 123.70 Take profit 121.00 (4.4R) Use only 1-2% risk Good luck
Hello my friends, In has been long since my last trade opportunity for XAUUSD After price dropping fiercely from 1870 to 1785 in just 4 days, we finally see some easing on sell pressure. Price found support on the ascending trendline and MA-200. Notice there is also hidden bullish divergence on stochastic. We might see price bounce from this support to retest...
Hello my friends, It has been long since my last post in tradingview. I think we might see one more push to the upside for GBPJPY as price currently sitting on support. Assuming this downward movement is wave-4, we could see price push towards 159.00 area to complete wave-5. Buy GBPJPY 153.00 Stop loss 152.40 Take profit 159.00 (10R) Use 1-2% risk only Good...
Hello my friends, It's been long since my last post. I was waiting for a really good setup to come to me and finally have one. GBPAUD currently at trend line and MA-200 support right now. Using Elliott wave principles, we might be seeing this pair reverse to the upside as long as it hold above 1.8250. In my opinion we're at the rnd of wave-4 and will start...
Trade ideas for GBPUSD by Hardi After break below the descending trendline, we finally have a retest today. Price go towards our desired price at 61.8 fibonacci retracement of recent breakout which could offer us a good 3R trade setup. Overall if we follow it as bearish flag, the target should be around 1.35xx area but we will be satisfied if we could secure...
Another pair to trade is GBPJPY. Setup is pretty much like my GBPCHF ideas which is bearish flag pattern. Although this bearish flag is not as clean as GBPCHF, it is very possible GBPJPY also making a bearish flag. Sell GBPJPY 152.00 Stop loss 152.70 Take profit 149.10 (5.5R) Use only 1-2% risk Good luck Enter on your own risk
Hello guys, It has been 2 weeks since my last post in tradingview. I haven't found any interesting setup so I don't post anything. Today i finally found an interesting trade to share with you all so i will share it. As you can see, GBPCHF right now hovering at 61.8 fibonacci retracement of recent swing low. It looks like a bearish flag to me and we might get...
I am expecting further upside in this pair. Price currently retracing to complete wave-4. Notice that wave-1 and wave-3 are almost same length. Usually when the length of wave-1 and wave-3 is the same size, wave-5 gonna be the longest wave and it will have 1 : 1 : 1.618 comparison. Buy EURGBP 0.8558 Stop loss 0.8530 Take profit 0.8638 (2.8R) Use only 1-2%...
Today we saw a fierce selloff in NZDUSD because of covid case in Aucland. In my opinion this sell off could be an opportunity to enter short as RBNZ might start tapering soon. This trade ideas offer 8.6R trade opportunity. Price now struggling at 61.8 fibonacci retracement of wave-3 which means we might see wave-4 end soon and we got another push to the...
As you can see, this is a potential double top pattern for GBPCAD. Price already broken below the neckline and currently retracing. If price touch 61.8% fibonacci level, we will be happy to initiate sell from that point. Sell GBPCAD 1.7420 Stop loss 1.7510 Take profit 1.7150 (3R) Use only 1-2% risk Good luck
Price might now complete the right shoulders exactly at 61.8 fibonacci level. I am going to try selling GBPJPY as i think we have one more wave to the downside. My target will be at the trendline supporting GBPJPY since 20 March 2020. Sell GBPJPY 153.00 Stop loss 153.90 Take profit 147.90 (5.6R) Use only 1-2% risk Good luck
We're seeing EURNZD moving towards potential horizontal support at 1.6700. This area has acted as support twice in the last 2 months. Something interesting is EURNZD moving in a harmony and has been respecting several harmonic pattern movements. I am planning on buying EURNZD when it touches 1.6700. Buy EURNZD 1.6700 Stop loss 1.6650 Take profit 1.6930...
Same setup with NZDCAD, price right now at a horizontal support area. The difference of this setup with NZDCAD, EURCAD pair retracement is at 78.6% fibonacci. Buy EURCAD 1.4800 Stop loss 1.4680 Take profit 1.5190 (3.25R) Use only 1-2% risk Good luck
Price right now retracing 61.8% fibonacci of the recent rally. There is also a horizontal support on this area which could be a demand area to push price upwards. Buy NZDCAD 0.8750 Stop loss 0.8660 Take profit 0.9050 (3.3R) Use only 1-2% risk Good luck
Possible scenario for XAUUSD. Price going up inside this channel and the recent drops on Friday confirm a break below the support. It looks like XAUUSD making a bearish flag or possible rising wedge. If it plays out as bearish flag, the drop on XAUUSD gonna be massive. This upwards movement is a retest of broken trendline. We could see XAUUSD continue decline...
We might finally see this pair drop as well. As you can see, there is a doji candle in the 4hr candle exactly below the resistance. This could be a turning point for GBPAUD. As long as price hold below 1.8650, we could see GBPAUD going down for a correction. I will try selling this pair once again. Sell GBPAUD 1.8630 Stop loss 1.8700 Take profit 1.8420...