Gold Correction Move may give us a good shorting opportunity. 1252.77 is the 0.618 level. AB=CD Measured Move at 1255.21 Can use Multiple Entry, I.E. 0.5 lot at 1252.77, 0.5 lot at 1255.21 if you are using a total of 1 lot size position. If a strong bullish candle close above 1260 then exit the short trade. else, just hold the short to multiple target. TP1:...
USDCHF PULL BACK TO 0.618 LEVEL with good price action Recently the USD drop a lot after the FED increased the rate. However, USDCHF is at a very good structure together with 0.618 level. The long pin can tell u a lot of buyers the green candle means the sellers are losing control. Therefore we can buy USDCHF now and SL below the pin.
GBPAUD watch for break out 1.60 is very strong support and hence we can buy GBPAUD again If price break out the downtrend line confirmation for the rally
EURUSD 4H Bearish Bat Pattern Ideal Entry: 1.0790 SL : Above 1.0830 TP1: 1.0700 TP2: 1.0620 TP3: 1.0500 Note there is also an AB=CD complete at 1.0790 Look for RSI overbought and Watch Price Action to enter
SPX500 Bearish Bat Pattern If price shoots up to 2395, consider a shot with SL above 2400 Three Targets You may even catch a big fall to fill the gap
GBPJPY UPDATE: Today just receive some msg asking me to give a chart on gbpjpy. Here it is: This is a range that keeps this pair for quite long time. Pay attention to the top range. If the price break up 140.72 and pull back We may find a chance to buy. Some times we have to wait until the direction comes out. So My suggestion is don't trade in the middle....
AUDJPY May have a big fall 4h chart shows a very bearish candle break key support. Find the pull back to short audjpy Two Target Pay attention to 86.92-87.00 Level
AUDUSD Face Strong Rejection at 0.7590 The recent rally gives a good place to short AUDUSD Price action shows bearish hence we can short AUDUSD as long as it doesnt' break through 0.7600 Correction Move Finish, Major Trend Continue.
Gold 4H Sell the Rally Gold turned the trend from 1260 and untill now it is a one way market: Bearish. The AB=CD measured move is going to complete hence we can expect the price to have a correction move and let's focus on selling the rally. For aggressive Trader, can take the long from D but u need to set SL For Trend Follolwing Trader, in downtrend, focus on...
USDJPY Another Buying Opportunity FOMC is likly to increase the Rate this week. Hence the fundamental will support USDJPY to go higher But Remember, Don't Chase the price. Buy Low, Sell High. Price has broken the channel since last time we bought from 112 area. If the price pulls back to 113.14 (0.618) I will be interested to buy USDJPY again to catch...
USDJPY Into Important Support Zone the 1.272-1.414 ext from 111.60-111.98 and look left there is good structure Good to buy at this zone and aim for 113.10 an 114.36
USOIL 54.50 is the KEY The OIL Active Contract just Rolled and there is a rollover GAP However the price hit into the previous structure. 54.50 has a lot of pressure for the oil We can make use of this Structure and Short Oil. Target 1: Fill the Gap Target 2: 53.00
Gold AB=CD with 0.618 Level Together. Two scenario: A. If gold continue to move higher, get ready to short from 1278.57 , Use smaller time frame to find bearish pattern. B. If gold pull back first, long from 1243.70 and set your long target to 1278. Then follow Scenario A. Buy Low, Sell High.
It has been quite long that I didnt do any SPX500 trade since the last time break out. but today I found a structure that has been violated and hence i wan to short spx500 2360 is the previous support and now become resistance. Create short entry here, SL above 2366 Aim 2350 and 2340
AUDUSD Trend Continuation Pattern Now AUDUSD has broken the correction move channel It is very high likely for AUDUSD to continue move lower Hence, Find pull back to short in lower time frame in 30 min/ 15 min
GOLD 1h Testing Important Structure. It is good to observe and bearish pattern or price action and look for a short. Weekly Chart Gold is already in resistance area from 1241-1249 Hence, look into 1h chart to find a short opportunity is reasonable.
AUDUSD 1H BAT PATTERN The Asian Session's rally gives us a good place to short AUDUSD Formed a 1H BAT pattern and the X point has very strong structure. Therefore Short from 0.7672 Target 1: 0.7652 Target 2: 0.7630 Target 3: Move SL to B.E. and let it run
USDJPY break the wedge and pull back Price break out the wedge and we want to buy the 0.618 pull back together with the left structure Ideal Entry: 112.57