Gold has retested 1986 and now is looking ready to make a continuation to the down side once price breaks 1971.98 price will reach 1945.76
USDCHF on the daily TF price is bullish on the 4hr price broke structure and came back for a retest and then formed a nice bullish engulfing candle for a great entry.
This was a bad trade from the start. First of all when I took this trade I didn't have that 4hr zone level at 1.4525 marked on my chart to show me that it was a level of support right there. So I entered this trade on a support zone which is never a good thing to do then I didn't even have a candlestick formation for an entry nor did i have a counter trend line...
EURCAD this setup isnt an A+ setup but it was still worth taking so lets see what happens
NZDJPY this is my next setup looking to take NJ to 87.24
US OIL is bullish on the 4hr and has made a slight pull back and then formed a bullish candlestick pattern where i took an entry from.
AUDCAD daily trend is down price made a pull back in the 4hr resistance zone dropped down and formed a lower high and a lower low so now all im waiting on is a candlestick formation to show me bearish momentum then im jumping in short.
EURUSD has a lot of confluences at the moment which made this trade feel very comfortable to take.
If USDCHF can break that counter trend line and close above .8987 then that would be a nice level to take a long position from.
GBPCAD entry position this morning price broke the daily support level then made a LL and came back to retest structure then and thats where I took my entry.
USDJPY entry Keep it simple and clean... looking for price to retest 138.726 tp zone
This chart is clear and very easy to read since price broke structure and the trend line Im now looking for shorts. After breaking the trend line price came back to it for a retest also while retesting old support which is now new resistance so now this is looking real sexy for a short entry. Im looking for price to reach the daily support level of 1.85905.
If AU can stay above .66321 we could see a trend reversal to the upside and retest the daily resistance of .6786. Im going to keep my eyes on this pair BC I want to catch the pull back into the .66321 zone bc AU owes me money LOL...
Here is a short position that I took this morning. FX:EURGBP
* Trade Criteria * Date First Found- November 28, 2017 Pattern/Why- Upward momentum Trade Entry Target Criteria- Break of $8.70 or pullback to $8.05 Exit Target Criteria- Momentum Stop Loss Criteria- $7.43 Please check back for Trade updates. (Note: Trade update is little delayed here.)
This morning's news about Openreach has dropped BT shares to a 3-year low. Note however that both in USD (red line) and GBP (candles) they are very close to the 61.8% and 50% fib points here. I expect a drop to touch the fib points, and then a rally.