XAUUSD Approaching Resistance, Potential ReversalXAUUSD is approaching its resistance at 1298.25 (100% Fibonacci extension, horizontal swing high resistance) where it could potentially reverse down to its support at 1282.40 (Horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Gbp-cad
SPX500 breaking channel - Possible Big ShortSPX500 have been trading in a narrow range channel - so far it broke the base of the channel, expecting this market to break down which is more probable scenario to me at the moment, but if it doesn't then i am looking the top of the channel for a short trade.
As this market is bearish trending and momentum on all across higher time frames supporting the view, so keep watching this market for a big trade opportunity.
Trade Safe!
DAX Approaching Resistance, Potential ReversalDAX approaching resistance at 10999 (100% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal overlap resistance) where it could potentially reverse to its support at 10278 (100% Fibonacci extension, swing low support). Stochastic (34,5 ,3) is approaching its resistance at 95% where a reversal could occur.
XAUUSD Approaching Resistance, Potential ReversalXAUUSD is approaching its resistance at 1312.17 (61.8% Fibonacci extension, 76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1282.40 (23.6% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
EURGBP Approaching Resistance, Potential ReversalEURGBP is approaching its resistance at 0.9060 (61.8% Fibonacci extension, 76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 0.8951 (100% Fibonacci extension , 38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
XRPUSD bounced off support, potential for further rise!XRPUSD bounced off its support at 0.3424 (horizontal overlap support, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a potential bounce might occur pushing price up to our major resistance at 0.4044 (horizontal swing high resistance, 50% fibonacci retracement ).
Stochastic (89, 5, 3) is bounced off its support where we might see a further rise in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
EURUSD Approaching Resistance, Potential ReversalEURUSD is approaching its resistance at 1.1514 (100% Fibonacci extension x2, 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1.1397 (61.8% Fibonacci extension , 50% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
NZDUSD Approaching Resistance, Potential ReversalNZDUSD is approaching its resistance at 0.6776 (50% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 0.6715 (38.2% Fibonacci retracement, horizontal overlap support ).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
SPXUSD Approaching Resistance, Potential Reversal!SPXUSD is approaching our first resistance at 2571.4 (horizontal pullback resistance, 61.8% fibonacci extension , 38.2% fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 2474.2 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
EURGBP Approaching Support, Potential BounceEURGBP is approaching its support at 0.8934 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.9057 (76.4% Fibonacci retracement, Horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching support at 2.5% where a corresponding rise could occur.
GBPCAD potential Homerun tradeThe Daily is bullish and a nice support level has formed. price is currently being supported by 60 Kejun Sen (blue Line) and that would be our entry
Entry = 1.7020 (+ 2 pips to account for the spread on buy limit orders so 1.7022)
Stop = 1.6990
Risk = 30 pips
PT = 1.7236 (+216)
RRR = 7.2 -1
AEX Bounced Off Support, Potential For A Further Rise!AEX bounced off our first support at 473.11 (horizontal overlap resistance, 100% Fibonacci extension , 50% Fibonacci retracement ) where a further rise might occur above this level pushing price up to our major resistance at 509.41 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension ).
Stochastic (89,5,3) is bounced off our support and we might see a further rise in price.
EURJPY Approaching Resistance, Potential ReversalEURJPY is approaching its resistance at 124.67 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse to its support at 121.86 (50% Fibonacci retracement ).
Stochastic (34, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
AUDJPY Approaching Resistance, Potential Reversal AUDJPY is approaching its resistance at 78.59 (38.2% & 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 75.60 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
EURUSD Approaching Resistance, Potential ReversalEURUSD is approaching its resistance at 1.1514 (100% Fibonacci extension x2, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1.1365 (100% Fibonacci extension, 50% Fibonacci retracement, Horizontal swing low support).
Stochastic (34, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
XAGUSD Approaching Resistance, Potential ReversalXAGUSD is approaching its resistance at 15.99 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse to its support at 15.59 (23.6% Fibonacci retracement, Horizontal pullback support 50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
UK100 Bounced Off Support, Potential For A Further Rise!UK100 is bounced off its support at 6613 (50% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 7118 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) is bounced off its support at 3.6% where a further rise could occur.
NZDJPY Approaching Resistance, Potential ReversalNZDJPY is approaching its resistance at 72.38 (100% Fibonacci extension, horizontal overlap resistance) where it could potentially reverse to its support at 70.99 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (21, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
XAUUSD Testing Resistance, Potential ReversalXAUUSD is testing its resistance at 1290.02 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 1267.70 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Nikkei Reversed Off Resistance, Potential For A Further Drop!Nikkei reversed off its resistance at 20228 (61.8% Fibonacci extension , 23.6% Fibonacci retracement , horizontal pullback resistance) where it could potentially drop further to its support at 19017 (100% Fibonacci extension , horizontal swing low support).
RSI (55) is approaching its resistance at where a further drop could occur.