kitchen_trading

kitchen_trading

USDCAD seems very clear these weeks. We're waiting for the price to test 1.43 Area and take a look if there are conditions to short it. ---- Entry 1.438 (61.8 % of Fibo) and point 5 of the wave SL 1.4465 (above 0.786 of Fibo) TP 1.402 (point 4 of the Wave)

kitchen_trading Updated 

#SPX500 is short till 2777 (or maybe more)... Here 2 possible short entries for today (or maybe tomorrow).

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Clear Long Setup on #EURUSD h4 Timeframe. Secondo Elliot pattern in ending with point 5 at 1.0803 where the big impulse started on the 6th of April, and the first Wave pattern, as well. Fibo levels give us one confirmation more. --- Buy Limit 1.0803 SL 1.0749 TP 1.0873

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Wait for Eurostoxx50 break out from the triangle. Above there is a good selling zone to trade around 3250 area, where we can short to 2900. Beyond the triangle, we have to wait for the retest of the trendline and short to 2600

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The last idea is still valid on #GBPJPY. Anyway, as the price breaks the support on 134.5, we can go short now with a higher risk (or lower size) Entry now SL 136.290 TP1 133.400 TP2 132.110

kitchen_trading Updated 

Possible short setup on #EURJPY Wait for Elliot Wave to be completed on point 5. 121 in an important resistance level, as well SL 121.9 TP 118.45

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Next 3 moves for #AUDUSD: The price is now deciding which channel to follow ;-). Anyway, we've to wait for a clear Elliot pattern to be confirmed. Whatever will be, point 1 is satisfied, so we can set the 61% Fib up. And it's around 0.67 area which is confirmed by a strong Impulse started on 9th March. Entry 0.6700 SL 0.68 TP 0.62

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Short signal still valid for #GBPJPY. The trendline was broken and "the brave" could have opened a short from there. We prefer to miss a good opportunity to make a better trade with lower risk. The better trade could be from 137.00 Area, which is a good Fibo confirmation level. SL 140.370 TP 129.280

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Good opportunity to buy #EURGBP. Price makes a good Elliot Wave pattern. Now touched the 61% of Fibo. Let's wait for it to break the trendline to enter Long SL 0.85880 TP 0.89731

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#SPX500 near to a very important zone. 2850 is a key level: - Big Support/resistance in the past - Fibonacci Level - Possible point 5 of Elliot Wave. We really expect a big bearish movement from 2850/2880 Area. First TP the bullish trendline on area 2680, then will see..

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The big bearish movement on #NZDUSD has yet to come. We have waited for it to 0.61100 area with the last idea (that is still valid). In the meantime, another selling possibility is creating now. 0.60 (or 0.60460) could be the Elliot Wave point 5 confirmation. Entry: 0.604 SL 0.61125 TP 0.5844

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EURO STOXX 50 INDEX is the "lighthouse" of all the other EU index. It's a little bit too early to speak about Elliot Wave Pattern but: if confirmed we wait for it to 2560 Area. So all the other index. #DAX first of all.

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Interesting setup for #USDCAD. 2 scenarios in the next few hours: if the price breaks the "little bullish channel now on 1.41 we can go short, if not we can wait for the Elliot wave (in the small channel) to be completed to go short from 1.44 area. TP1 on 1.61% of Fibo 1.38480 TP2 on 2.61% of Fibo 1.332 When the big pattern will be confirmed on these TP we can...

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#AUDUSD broke the trendline and after a Elliot pattern confirmation we go short. --- SL 0.63120 TP 0.57850

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Possible Short trade on #NZDUSD We have to wait for the Elliot wave to be confirmed in point 5. As 0.62 touched (that's Fibo 61% and a Strong Resistance) we can go short BUT let the price breaks the trendline first. --- Entry 0.62 SL 0.62575 TP 0.5905

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Possible Short trade on #GBPJPY. We have to wait for the Elliot wave to be confirmed in point 5. As 137.00 touched (that's Fibo 61%) we can go short BUT let the price breaks the trendline first. ---- Entry 137.00 SL 140.37 TP 129.29

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What do we think about DAX? Let's see the Monday opening. 9420 in a very important level, above a strong supply zone which everything is in (Fibo levels, Fibo Fann, Gan Angles, etc...) In our opinion, nothing will be enough to stop the bearish movement. Everything is linked to USA and #SPX500 (and the Covid 19 situation first of all). A little bullish correction...

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#NZDUSD completed the Elliot Pattern, on point 5 touched the 61.8% of FIbo the started the bearish movement that first broke the trendline and then retested it. ----- Entry Now SL 0.6022 TP 0.58 -----