SERGENAYTUG94

SERGENAYTUG94

Looking short on this pair, we can see some bullish movements on the smaller time frames with upside targets of 0.7500 then look for a possible short from 0.75500. We have a weekly Trend line bounce (Price Rejection). We have a possible bullish harmonic forming (if our second target has been met then the harmonic will be complete providing us with a potential long...

SERGENAYTUG94

In the mean while we are looking short to possible targets of 1.1200. However, analysing the chart I believe this is a key level in the market. If price does break below the TL then we would have further downside targets. However, as this is an ascending channel we can look for further upside targets of 1.14300-1.14500 which would be a completion of the 161.8 “D”...

SERGENAYTUG94

Looking bearish atm as price has been rejecting and the Daily downward trendline with strong bearish Candlesticks in play. We have a possible downside ABCD formation (Target to TL Price Level1.12025 and Stop Loss1.1300). However, I would be seeking the bigger move, but must take each target level into consideration and must re analyse to ensure our next target is...

SERGENAYTUG94

Looking short to downside targets of 0.82950 then ideally 0.81250. However, if price breaks above 0.86500 then the trade setup will no longer be valid with possible upside targets of 0.87950. Price can retest 0.86250; hence the reason our stop loss being places above.

SERGENAYTUG94

Looking short on this pair, firstly looking at an upside move to potential levels 1.31650-1.31850 (Trend line bounce).From this level we would await key bearish PA to develop; we would then seek entry to downside targets of 1.3070 then our ideal target 1.29750. The ideal target would be valid on the basis of a bearish breakout below 1.30750. Our management target...

SERGENAYTUG94

As you could see outlined on the chart we believe this pair is looking bearish to possible targets of 136.500 then possibly 134.00. There are several ways this trade setup could be undertaken. You can either wait for a breakout and retest of the lower trend line with bearish candlestick confirmation. However, we would be entering this trade around 140.30. Stops...

SERGENAYTUG94

We are looking long on this pair. We published an idea last week with a forecast on the monthly time frame. (See Linked Idea). However, as you could see price has completed the Bearish Monthly ABCD formation with the 161.8% testing the monthly trend line and daily channel line. As explained in the previous post we also have divergence. We would now await strong...

SERGENAYTUG94

We are prepared for all scenarios. This is not a trade setup this is just an outline a structure. The trade setups are set in our desired time frames. As there are uncertainties in the market we like to analyse both outcomes and just follow what price action demonstrates. However, as you could see we have lower highs with a possible target to create our 3rd...

SERGENAYTUG94

Looking bearish, down to prices 1290.00 then possibly 1270.00. However, if price breaks above 1345.00 and demonstrates bullish momentum we would be looking long to 1380.00.

SERGENAYTUG94

Possibly looking long up to levels 106.00 then possibly 112.00. However price will possibly move down to the monthly and weekly trend line giving us the 3rd trend line bounce. We would then seek bullish momentum at this level. However, if price breaks below 102.00 and demonstrates bearish momentum will then be looking for our short targets of 98.00-96.00. The red...

SERGENAYTUG94

Possible short to our downside targets of 1.28600, 1.2700 then possibly 1.25500 our “D” Extension target. We will be entering our trade on the break below the trend line.

SERGENAYTUG94

If price breaks above the inner trendline then we would be looking long to level 83.00-83.200. Once price reaches this level we would ideally be looking for a short setup down to 80.00-79.850. However, we take it step up step and be patient with the trades. On the one hour window the 200 EMA is acting as Magnetic Resistance in our target area on the upside....

SERGENAYTUG94

We are looking for a possible long up to 1.43250 as we have an bullish harmonic in play, oversold on the stochastic; price bouncing off the 161.8% “D” extension. As you could see price broke below the channel; we are now awaiting for the retest (Bullish Harmonic Target) creating a possible 3rd lower high TL bounce. We can look for b bearish PA around 1.43250; on...

SERGENAYTUG94

Price is currently testing the multiple tested S/R SD trend line. - Now if price breaches below this level we can see further downside momentum to potential target 1.11750. We may encounter a break below retest then bearish confirmation. - If price breaks below the lower channel line with demonstration of bearish momentum and PA then we will be going short to...

SERGENAYTUG94

overall for this pair in the longer run our pyscological target is around 1.1800-1.2000. However, that is based on the larger longer term time frames. In the interim we are looking short on this pair. We sent out a signal where we would short the breakout of the upward trend line which was breached from the volatility caused by the fundamental data. However, as...

SERGENAYTUG94

As you are all aware we posted analysis last week on this pair explaining we can see bullish movement before our downside projections come into play. We now await PA confirmation on the smaller time frame to enter short to our downside targets of 82.50 then possibly 80.00. We have Key structure breached with the first upward trend line breached and retested with ...

SERGENAYTUG94

My projections..

SERGENAYTUG94

We have a short outlook on gold. However, we trade what the market demonstrates and not what we believe. As you could see we have a possible bearish harmonic in play; which provides are with the possible target area 1 (1230.00). We have the breakout and retest which has already occurred and can possible see a second retest. Price is currently sitting on 61.8% if...