Gorestreetideas
EURAUD / 2618 Trade Set up at Previous BO area2018-7-17
A simple 2618 Trade set up:
1. EUR/AUD been moving sideway after previous BO
2. Price has been retesting the BO level
3. A Double bottom has formed and we entered at Fib 618 Retracement
Targets at Previous Tops (As shown)
SL below Previous Lows
EURJPY / 1D / Breakout after multiple Support retest2018-5-23
1. Market has tried to push pass 1.2938 Level but failed 3 times (Yellow)
2. Finally, Price breaks below the support
3. We are looking to Short when the price retest the structure resistance (Blue Zone) for a better RR
Stop Loss above previous structure High (Red Arrow)
Targets as indicated
Gold / Breakout of Weekly Trend Line2018-6-6
Few things stands out in the Gold Weekly Chart:
1. Price has tried to pushed through 1357.6 level a few times and failed (Purple)
2. Price eventually broke through the short term support near 1307 after trying to fight back since early Feb
3. Long Term Trend line is broken (Red)
4. Right now the price is moving sideways (Red Zone)
Conclusion: We look to short this market if the market decides to continue its momentum to the downside. Meanwhile, we can trade the consolidation zone (Red).
GBPAUD / Price just broke previous Lows2018-5-31
1. Price previous broke the long term daily trend line
2. LH/LL has formed
3. Price has just broken out previous structure lows
4. We look for trend continuation opportunities and Short when price retests previous resistance area (Red Zone)
Stop Loss above previous High
Targets as shown
Oil / No longer Trending / Look for structures2018-5-28
We had a bullish view in Oil for the past months. However, some notable changed in Oil price occurred recently.
1. Double H&S reversal on top
2. Previous Structure Low is taken out (Yellow)
3. We are looking to Short when the market retest the previous Resistance Levels
In addition, we can expect some support near our previous support zone (Red lines). Let's wait and see if we can get our confirmations near these levels.
Oil / Reaching Weekly Resistance Zone / Cypher on 4H2018-5-21
1. Oil Price has been trending up strong with a series of HHs & HLs
2. Price is now sitting inside the Weekly Structure Resistance Area
3. A Cypher pattern is formed in this area and we look to Long near the support zone (Green)
Short term target at Fib 382
Stop loss below bottom of the support
EURUSD / Breaking Structure Support / Looking to Short again2018-5-24
As previously discussed, we are waiting to see how market would react near 1.7222 Level and if it breaks through the level.
" Previous Trade: "
1. EURUSD continues to break previous Structure Lows (Yellow)
2. We will be looking to short again when price retest the previous structure resistance on 4H time frame (Blue Zone).
This pair could go further if Price would go pass 1.1336, the Weekly Structure Support.
NZDUSD / Price retesting Structure Resistance 2018-5-22
1. NZDUSD has been very bearish since breakout of the consolidation zone.
2. Price has tried to hold up near Previous Structure Low (Yellow) but failed
3. Price is now once again retesting this level and we look to Short inside the resistance zone (Blue zone)
CADJPY / Short / Cypher completion near structure resistance2018-5-09
1. Price has been trying to push above the Daily Resistance Zone (Blue)
2. However, it failed twice and formed a Double Top
3. Previous low has been taken out
4. We are looking for an aggressive entry with the Cypher Pattern
Stop Loss above the structure resistance Highs
Short term target at 0.382 Fib Retracement
EURUSD / 240m / Breakout2018-3-25
Several Long opportunities is building up with EUR/USD Pair.
1. First we can see a Channel has formed (Purple Arrow)
Next Price has just broken recent high and building up for another break out (Red lines).
We are anticipating a retest of the breakout before entering this trade.
2. In case price retraces, there is also a Gartley completion near the bottom.