A tad agressive to enter here, but could be potentially be Yuge pips :) head and shoulders on daily time frame and broken trendline on lower timeframe - the retest of this could be used to enter. place three TPs at the neckline, previous resistance and support
confluence of 618 fibs, previous support - now resisistnace and nice round number tight SL
there is a potential cypher forming on audusd daily chart not for scalpers this one - as SL is a generous 160 away, but the closest TP is 180pips down.
see chart for entry tp and sl.
short or long... looking at what PA is telling us over the next couple of hours/days. stoch and rsi seem to favour the resistance to hold (both overbought), which it now has for a few days already, and a resumption to downside. could play that with tight stops....
just an idea.... could happen with the election jitters and a trump win....? :S
a potential trade to keep an eye on only
see chart - previous support, now resistance and 0.618 retracement level come together around 1.1130 - so placing 2 short positions there, one shorter term and one longer term.
looking at price action at lower TF to take small short here in Gold as we are retesting previous support and are at fib confluence zone.
AUDYEN is close to hitting the topside of the weekly downtrendline. placing 3 small short positions here for three different TP's. all stops go just above 82 level
trying a small short here at confluence of various levels, trendlines and fibs
small short with wide SL position
historical resistance - shorting this to support at the MA and previous structure
keeping an eye on this cypher pattern to complete
potential cypher forming here on the 4hr chart. on the higher TF chart she is moving in a ever tigher wedge/triangle i will be entering 3 small trades with three TP's
EJ is obviously in a long term down trend and in a consolidation phase and previously unable to break an hold strongly below 1.12. it is now again approaching two downtrend lines. placing a small sell order close to most recent high and target 1.12 initially. if it breaks trhough there are potential further pips to be made. this initial trade has RR of 1:2.6
there appears to forming a head and shoulders pattern on NU. Also RSI and Stoch seem overbought. Weekly chart showed a bearish pin two weeks ago, and price is now at 50% retracement of last major swing down. All in all, this seems a nice opportunity to short NU. although there is the obvious risk of FOMC ahead, so small trade size... TP1 a the neckline, TP2 at...