Gold is in a textbook bull flag. This is a textbook flag trade. Price currently supported by 4h 50ma as well as support zone.
1h Chart shows price to be reversing with confluences: broken bearish tl, set new higher high and higher low, support at 1h 50ma, support at previous resistance area. Targeting the 127% and 161% in extension
Anticipating Aussie weakness today. Slipped the ctl, targeting the 127% extension.
Hey guys, on NZDJPY i am expecting bearish pressure to continue directing the market. -Weekly descending trendline has been respected -Lower high formed on Daily chart -Now in bearish sequence on 4h chart FOR THIS TRADE TO BE VALID WE MUST SEE A DAILY BREAK OF TRENDLINE, FOLLOWED BY A NEW LOW, AND THEN WAIT FOR PRICE TO CORRECT & REJECT A FIB LEVEL TO ADD...
Picture speaks for itself, targeting the 161% extension myself but this trade idea offers a nice risk reward to be in and out of the market as soon as possible
THE KIWI HAS REVERSED OFF A PIVOT AND WILL LIKELY HAVE A CONTINUED BEARISH PRSSURE AGAINST THE USD INTO THE HIGHLIGHTED ZONE 161% EXTENSION
Price is in a downtrend and has now retraced into a key level on the 4H chart, as we've seen this zone hold as support for three bounces, and will now likely be an area of resistance. It is also the 50% fib retracement level, and we see price has pulled back nicely into the 4h 50MA. Stop is placed above the current trend line and the next fib retracement level,...
Current have price forming head and shoulders pattern after failing the bullish trendline
Another potential opportunity to short the US30 for those that missed my first short.
Hi traders, potential UJ short. Price currently has very strong bullish momentum so be cautious trading this idea, and as always manage risk appropriately! Confluences: -Failed uptrend line -new lower low -price is approaching 200MA on the weekly chart
Following my silver 4h short idea this is my bigger picture view for silver. Looking for a retracement into the 61% fib level and daily 50MA before a bull run, targeting the 127% extension.
XAGUSD potential short setup, price currently below 4h 50ma and has set a new lower low. Targeting the 127% fib extension. Look at my account for a big picture long trade idea
We have a possible short setup as price has broken the uptrend line. If we See price reject at the 61%fib this would be my stop and tp.