Had a great session learning from Lex Waves and Oran Wright today! Seems to be a head and shoulder pattern forming on GN off of the 4 hour time frame.
Sell limit if price reaches 1.83009 (.236%fibretracement) will be looking for wick entry because price has not retested that zone yet but once. Entry: 1.83009 TP 1 : 1.81655 (129 pips) TP 2 : 1.80582 (242.7.1 pips) TP 3 : 1.79401 (360.1 pips) SL: 1.84164 (115.1 pips) GBPAUD could continue to find floor at 1.7904
Buy Idea at green and yellow zone. green is daily zone and yellow is weekly. will have a .01 and a .03 at yellow with original stoploss
Sell limit if price reaches 1.83009 (.236%fibretracement) will be looking for wick entry because price has not retested that zone yet but once. Entry: 1.83009 TP 1 : 1.81655 (129 pips) TP 2 : 1.80582 (242.7.1 pips) TP 3 : 1.79401 (360.1 pips) SL: 1.84164 (115.1 pips) GBPAUD could continue to find floor at 1.7904
Buy limit if price reaches 1.80571 (.236%fibretracement) Price closed on Friday and broke previous structure now a new zone trying to find support. Entry: 1.80571 TP 1 : 1.81998 (145 pips) TP 2 : 1.82401 (183.1 pips) TP 3 : 1.82818 (224.2 pips) SL: 1.79282 (128.1 pips) Trend is overall looking bearish longterm, but for now could still see bullish...
This will be the 4th touch of this zone since it broke out on the monthly timeframe. Could this indicate that this will be the month that breaks the zone for good? Or Will it react to the zone and go bullish off of its last engulfing? O.o
Gold broke downtrend channel, now looking for either a continuation onto 1225, or a break of current uptrend channel for a 61.8 retest of previous broken strucutre.
Elliot Wave Completion of the 5th Wave now looking for a 50% retracement
Price is currently rejecting off of a retest that ended with a bearish engulfing patten breakout and now looking to sell off of the rejection on confirmation of retest.
Have a buy limit for EURAUD. This past week EA made a nice trend reversal off of a inverted head and shoulder pattern and has been on a nice uptrend this week. I am looking for one last push to the upside to reach a daily key level which is where the TP is and also have a Sell limit set at 1.58918.
EURAUD 1 HR timeframe closed below daily key level and also first time approaching this key level. Looking to catch 78 pips to the 61.8 retracement and plan on having a buy limit set on the green zone as price previously pulled back to that zone and broke to the upside on the daily time frame.
Gold looking to buy off of 4 hr bottom trendline as well as daily supply and demand zone