


JohnQuid
Hey guys, havent been around for a while and will not be as active as before but i thought to myself this would be a nice trade to share with you guys. Lot of fib confluences and a weak NZD lets us stand a greater chance that this pair will reach its pre-brexit low in a year. The orange lines are area's we might run in to problems at as well as the fibs. Entry...
Based on the pattern formation that starts looking like a H&S that lines up perfectly with fibs and trendlines i dont this might play out?
B% break short. 3th time lucky? :/ targets indicated by grey boxes.
Touched Daily support with fib confluence. Personally i'd like to buy gold a bit lower but because we have bullish divergence and a structure on the 4h i will be closely watching for buying opportunities in this area for a nice little retracement for gold. The black boxes are target levels that i'll be aiming for. Happy holidays and all the best for the new year!
Chart says it all. gun for 0.5%
Targeting a 0.5 fib. B% break longfavoring retracement into resistance
Bullish divergence with a triple bottom formation. Wait for a break of resistance before entry/agressive style entry now stops below the low.
Testing some waves.. still looking pretty decent must say :)
Three white soldiers are usually a sign of bullish continuation. Initial target as shown, look on lower timeframes for a break of resistance.
And now what? both scenarios are just an idea of possible forms of retracement.