Continuation of Short trade anaylsis - Expecting a rejection from one of the 3 highlighted White zones before heading down to the lower Red zone.
Trades are as follows:
SHORT ENTRIES 1.2865 1.2860 1.2837
SL 1.2880
TP 1.2720
Closer look at GBPUSD Short - Expecting to see some reactions in the market at highlighted Red zones.
Candlestick forecast highlighted in Blue, it has already been following this pretty well so just a continuation expected. I have screenshots of the original forecast from the start but wasn't uploaded here.
Trades are as follows:
SHORT ENTRIES 1.2865 1.2860...
Candlestick forecast highlighted in Blue, it has already been following this pretty well so just a continuation expected. I have screenshots of the original forecast from the start but wasn't uploaded here.
Trades are as follows:
SHORT ENTRIES 1.2865 1.2860 1.2837
SL 1.2880
TP 1.2720
Fibonacci Retracement drawn from Daily high and low. Price is currently in Retracement area and also by my Weekly levels and zones.
So I am placing a short trade down to the Daily Support target given from the Fibonacci
TRADE:
Entry: 1.2350
Stop Loss: 1.2970 Risk: 620pips
Target 1: 1.0970 Risk:Reward ratio = 1:2.26 Profit: 1380pips (Most likely)
Target...
Combining Fibonacci Retracements from Monthly and 4Hr timeframes, to extract Support/Resistance levels, I believe it is time for Long trades on GBPJPY.
Entry: 136.13
Stop Loss: 134.10
Take Profit: 139.70
*135.55 ENTRY WOULD BE BETTER IF WAIT FOR DAILY SUPPORT RETEST*
My first MONTHLY SUPPORT has been broken.
I am now waiting for a retest of this level, if price rejects it and uses it as resistance then I will place the following Short Trade:
Entry: 0.6545
Stop Loss: 0.6660
Take Profit: 0.6050
Await WEEKLY HIGH to be made, I think this will be around the 1.1500 MONTHLY RESISTANCE
This will then allow a Fibonacci Retracement to be drawn from the Weekly High to the Weekly Low (1.0775)
We will then have our Retracement Area . If the high is made at 1.1500, the R etracement Area will be between 1.1222 and 1.1050 .
I will be looking for a...
This is my long-term analysis of EURGBP. It has completed 4 Elliot Wave impulse waves and is preparing to begin the 5th wave down to complete the sequence.
The Fibonacci retracement from WAVE 1 rejected the 61.8% level, showing the trend is strong. Therefore my target for the end of WAVE 5 and completion of this trend/sequence is at the 161.8% level (0.8454). If...
According to the Fibonacci retracement tool, there will be a retracement up to between 0.8608 and 0.8623.
My Short trade idea is to catch the next leg down of this downtrend.
TRADE INPUTS:
ENTRY: 0.8608
STOP LOSS: 0.8630
TAKE PROFIT: 0.8560
RISK: 22 PIPS
REWARD: 48 PIPS
RISK:REWARD RATIO: 1:2.18
I have longer term analysis for this downtrend which I...
Following on from yesterdays FOMC news, Gold has shown it's trend direction. I can see a retest of 1500 level before falling to the 1460 target. 1505 Stop Loss to give trade room to breathe.
ENTRY: 1500
SL: 1505
TP: 1460
This is an update on my Gold analysis. I believe price will follow the direction shown in the purple arrows and reach the blue zones before falling. This will also form a XABCD Harmonic Pattern when complete.
TRADE:
ENTRY: 1.1080
SL: 1.1150
TP: 1.0800
RISK : REWARD RATIO = 1:4 70 PIPS RISK : 280 PIPS REWARD
This is a EURUSD SHORT idea using the Fibonacci retracement tool. Target 1 @ 127% level (1.0926) has already been hit. Price is now taking another retracement up to the zone between 78.6% an 86% levels where I believe it will reject and...
TRADE:
ENTRY: 1465 OR 1439 (PRIMARY OR SECONDARY SUPPORT)
SL: 1420
TP1: 1599
TP2: 1648
Overall trend is LONG. I have used Fibonacci sequence to find my key levels from various ABCD moves. I believe that Gold will come to either the Primary or Secondary Support levels as labelled, and reject to continue the uptrend. Which level it rejects I am unsure of at...
