Descending channel continuationGold is currently in a consolidation within a bearish rectangle which will see it continuing downwards.
This statement is further proved by the resistance of the 23.6 fibonacci level.
I would place a sell stop a few points below the rectangle with the first target at the next clear support.
Good luck and follow me for more.
Follow
AUDUSD LONG SETUP AUDUSD
it hit support zone and now we are looking for buy setups, you will wait for it to go up for a conforming a uptrend market. as you can see it broke the trend line and now it is retesting it and also hitting the fibonacci level of 38%
i like to see it hit the 50% and then buy! risk reward on thid trade is 2.40
entry: 0.67267
TP: 0.68428
SL: 0.66784
GOLD x Elliott WaveThe miniscule waves are vague but accurate, whilst the primary impulse wave shows the beauty of the technique.
The third wave (the longest) proves the validity of the pattern, which is already in the ABC correctional phase.
My overall point of view is bearish, and hopefully it coincides with the big news coming up today.
Good luck and follow me for more!
GBPCHF SELL SETUPhi
GBPCHF will follow the trend to the down side (short) price went up to previous resistance on the H1 CHART and made a bearish engulfer cnadle, at the same time price is at the fibonacci levels ! you can go short with your own risk ! :)
take profit targets will be around 1.20000 - 1.9500
stop loss will be around 1.23877
let me know your opinion on the GBPCHF
goodluck!
EURGBP Descending channel The bear rally could take a pause with this descending channel reaching its support trendline.
It might present a false downward breakout but if it refuses to and actually breaks out completely, than this pair will seriously plunge, and I will follow it.
If the channel is valid, I will be initiating a long position to the red resistance, and the channels resistance trendline if the red resistance allows it.
Good luck and follow me for more!
USDJPY FibonacciThe price of USDJPY is currently facing the 0.382 fibonacci retracement resistance giving the bars more fuel.
However, I would suggest placing a buy stop above the resistance, noting the presence of the inverse Head and shoulders, otherwise, all the way down.
Good luck and follow me for more!
GBPCHF WARRIOR STORY hi guys! look at the chart, confleunce stacking is important! we got the trend line break out, need to see a pullback and retest of the line, we got the fibonacci levels confirmd, let wait for the 3 touch of the second trend line "the small one" and when it hit we can place a buy order at the grey box as well! i will post an update when to buy !
please follow my instagram for more daily content signals and chart all FOR FREE ! pompaeyfx
GOLD Reversal/Bearish continuationIn one of my previous Gold ideas I mentioned that I prefer smaller timeframes, because the technical patterns are more clear and almost "obvious".
I've placed a buy stop and sell stop on either side of the triangle hoping for a strong breakout whichever way.
Good luck and follow me for more!