AUDUSD trade call successfulThe short term AUDUSD buy trade I called in this week's video has been successful. Now I will focus on the response to determine what is going to be next as explained in the video.
Safe trades
Targets
LTC Fib RatioWe are in a consolidation at possibly 57.30 for the next several days and possibly weeks. Look for very low volume at one of the Fib levels. As noted, the fib. ratio of the high/low spikes to range is exactly .382:1. I'm seeing a very profitable exit point at the golden ratio of this range. We need to see consolidation for this to happen.
A H&S Top, in Weekly Trendline_ 5th WaveExpect some retracement, in a small Head and shoulders at the top of last days swing.
On Watch for Wednesday, November 22First close over the 50 day EMA since July. Some resistance @ $3.40 and $3.61 then it's smooth sailing to $4.50. Targeting $4.50 first, $5.00 second and then the 200 day EMA around $5.75. Some weak support @ $2.89 and more solid support @ $2.55. Watch List @ TraderPix.com
On Watch for Wednesday, November 22Bounce off of support on it's way to the 200 day EMA. Targeting $0.75 with Resistance on the way @ $0.55 and $0.65. Stop set below support @ $0.47.
Watch List @ TraderPix.com
On Watch for Wednesday, November 22Upside move and a break of the 50 day EMA after hours. Entry over $1.02 targeting $1.30 first and on the break of $1.40 new target will be $1.80. Support @ $0.82 could be a spot for a stop.
Watch List @ TraderPix.com
On Watch for Wednesday, November 22Close above the 50 day EMA could be the beginning of the gap fill. Targeting $2.27 first with resistance on the way @ $2.01 and $2.13. Looking for the gap fill @ $2.94 on the break of $2.27. Tight stop below $1.80 and a looser stop below $1.70. Watch List @ TraderPix.com
On Watch for Tuesday, November 21Big move today, watching for continuation tomorrow. First target of $4.68 with a second target of $5.50. Support @ $3.45 and $3.22.
Watch List @ TraderPix.com
On Watch for Tuesday, November 21Triangle / Pennant forming looking for a break to the upside in the coming days. Targeting $1.80 with resistance @ $1.60. Stop could be set below support @ $1.35.
Watch List @ TraderPix.com
On Watch for Tuesday, November 21Bottom bounce play. Targeting the gap fill @ $1.35 first and $1.60 second. Stop set below support @ $0.81.
Watch List @ TraderPix.com
On Watch for Tuesday, November 21Break of the 50 day EMA today, looking for this momentum to continue tomorrow. Entry over $1.22 with a target of $1.40. Support for stop placements @ $1.18 for the tight stop and $1.13 for the looser stop.
Watch List @ TraderPix.com
On Watch for Monday, November 20Showing signs of breaking out of this month long consolidation. Possibly on it's way to test $2.00 in the upcoming week. Resistance on the way to $2.00 @ $1.48 and $1.72. Support for stop placements @ $1.28 or $1.20.
Watch List @ TraderPix.com
On Watch for Monday, November 20Big move through the 50 day EMA on Friday. Watching for continuation on Monday with a target of $4.00. Some resistance @ $3.80 on the way to target. Support @ $3.08 and the 50 day EMA around $3.39.
Watch List @ TraderPix.com
On Watch for Monday, November 20Looks like the bulls are regaining control and trying to make a push to the 200 day EMA. Entry over $1.40 with resistance @ $1.55 before hitting a target of $1.70. Stops could be placed below support @ $1.26 or $1.21.
Watch List @ TraderPix.com
On Watch for Monday, November 20This curl off the bottom finally closed above the 20 day EMA on Friday. Could be the beginning of a run to the 50 day EMA. Targeting $4.00 with resistance on the way @ $3.11 and $3.46. Depending on your risk tolerance stops could be placed below support @ $2.73 or $2.50. Watch List @ TraderPix.com
USDJPY target reached
Hi traders, for weeks I have repeated myself in saying that USDJPY was extending higher in 1 unique wave. The upside potential was as a result of that limited. Now we fulfilled the minimum requirements for the correction of that unique wave. A very good structure trader can trade with 70% success rate. We trade with more than 90%. I don't say that to bias anyone but hope you all see the value in truly understanding not only structure, but also market dynamic and inter market analysis. That will help you improve your timing and will make you more comfortable in accumulating more trades after minor corrections.
This weekend I will upload another video where I will cover the Dollar pairs as well as the US indices. You might have noticed that I haven't been calling for sells in those indices yet. That is because of the real driver of the US indices. That driver will be tested very soon and either result in a correction (on higher tf's) or even a reversal that is going to take longer. My cliffhanger; 'forget about earnings, that has nothing to do with it'. Buy the rumor sell the news ;-).
On Watch for Friday, November 17Flag break through the 50 day EMA today. Could easily see the 200 day EMA tomorrow. Some resistance @ $0.83 and $0.89 before hitting a target of $0.95. Support for stop placements @ $0.76 or $0.74.
Watch List @ TraderPix.com
On Watch for Friday, November 17Wasn't able to close above the 50 day EMA on yesterday's spike but the bulls managed to do it today. Seen this pattern ahead of big moves many times. Possible test of the 200 day EMA in the next few days. Targeting $4.64 tomorrow with resistance on the way around $4.28. Tight stop could be set below the 50 EMA around $3.66 or $3.10 for the looser stop.
Watch List @ TraderPix.com
On Watch for Friday, November 17A close back above the 50 day EMA could mean the bulls are finally back in contorl. Looking for a pre-earnings spike to $0.60 with resistance on the way @ $0.50. Stops could be placed below support @ $0.41, $0.39 or $0.37 depending on your risk tolerance. Watch List @ TraderPix.com
On Watch for Friday, November 17Big move through the 50 day EMA today. If it stays above the 50 EMA tomorrow target will be $1.59. Support at the 50 EMA around $1.12, $1.00 or $0.83. Place stops according to risk:reward strategy.
Watch List @ TraderPix.com
AUDUSD target hit@14.14min of this weeks video we cover the short term counter trend trade for AUDUSD.
Target has been hit in what looks like a corrective structure.
XAUUSD pattern completedAs we shared yesterday there was ABCD pattern, it's completed today and know we looking for the targets
its marked by green lines tp1 @1278.10 and tp2@1282.80 and our stop loss a few pips under point D ( i marked redline @ 12.71 )
Good Luck ....
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DNT potentail targets noticed DNT accumulating and gearing up for a potential explosive market cycle so I thought I would drop some targets for everyone
