confluence : 1 hour candlestick closed lower 50% fibonacci level previous high level 1:3 healthy risk reward down trending
H4 USDCAD is testing resistance at 61.8% and might form double top, if so its a high profit trade with 1:6 risk reward trade. 1st target is a 1:3RR(bag some of the profit) 2nd target is a 1:4RR (must bag most of the profit) 3rd target is a 1:6RR (take all the profit, reversal might happen)
trade at gold 61.8% level with H1 n H4 rejected candlestick good 1:4rr potential
ab=cd pattern targeting 1.2680 and expecting a trend reversal to 1.28 but we wait and see instagram : sam.fxtrade
AB=CD, Trend Lines, Fibonacci 61.8% check price action when enter the Red Trendline if it will further down to Green Area, if bounce then should take profit and stop.
based on fibonacci and elliott wave, ichimoku breaking out, next week will have a strong bull trend.
Wave A end at previous Minor point 4 Wave B end at previous minor point 3 & fibo point Wave c end at previous Major point 4
Bear flag breakout confirmed, Fibonacci retrace with shooting star at 38.2%, downtrend under kumo cloud, stop loss at star high n profit set previous low at 148.00.
Bear Flag breakout & Fibonacci 38.2% hit with shooting star candlestick. Stop loss set after shooting star high at 149.60 n profit target set to previous low at 148.00.
GBPJPY short to 151 to test minor support, long up to 152 (fibo retrace 61.8%) retrace down to 150.3 (fibo extend 100% and major support)
touch 38.2 fibo at 4h. Divergence appeared. shooting star candlestick appeared. Stoch RSI going down 80. I entered at 1.32565, tight stop loss at 1.3270, long term target to 1.2900.
waiting to USDJPY to Long when both MACD histogram is up and Stoch is up. target 114 area
EURUSD hit the high and form Triangle, Trend lines shows up trend, Fibonacci retracement shows hit all ratio. My personal analysis is EURUSD will range at between 23.6% and 38.2% area these days, after that breakout resistance to target extension 100% 1.2221 or 161.80% 1.2463. Donation welcome : www.paypal.me