Potential long from here? -61.8 fibonacci retracement - 50 EMA support -Channel support -Long term TL break
Major trendline broken and retested at the daily 50EMA and 50% fibonacci retracement
Currently watching this weekly chart on gold, favouring the downside due to the long term trend
Keeping an eye on potential reversal levels to short this pair lower
Possible long trade here if price can bounce and break CTL, monitoring price action for an entry
Still favouring a move to the downside for this pair, i believe with a breakout of the symmetrical triangle and a close below 1.0800 support, we may test the 1.0500 support and would then like a new low to be made.
Possibily another chance to short this pair and look for new lows into the extension levels
Very simple weekly chart to show the possibility of a reversal in this pair back to the upside, could also line up with the bearish bias on aussie
Currently short this pair from the broken monthly support and head and shoulders neckline break. I'm looking for a target down to previous structure, 50 fib retracement and a third bounce from the weekly trendline at around 1.98-2.00 level in which I will then look for a reversal to the upside.
I will be looking to get long on a break of the counter trend line, chart explains why
Currently short this pair from a 50 fib retracment, CTL break and retest etc. I'm looking for a first target at the daily support level that is marked out and then if this is broken the -27 extension will come into play which is confluent with the possible channel support.
X-E wave pattern inside a descending triangle, if support holds i'd like to see this pair break to the upside
Self explanatory, similar setup to the eurusd trade posted previously. Targets mapped out
AUDUSD short setup: This pair has recently sold off from the third touch of daily trend line it seems to have formed. Price has been somewhat ranging and currently seems to be forming a bearish flag/wedge like pattern. Price bounced from support and may have completed its C retracement at the 50 fib level which is confluent with the daily 200MA, however there's a...
EURUSD 4 hour setup: - Here we can see price found support around the 1.0460 mark and rallied until finding resistance at the 61.8 fib level - Price has failed to hold above the 4 hour 200MA -Triple top off the 61.8 Fibonacci level - Price is now approaching the counter trend line and I will be looking for a short entry after a break and retest - Targets will be...