EURUSD making Corrections for a Good SELL!!!!Hello guys... EURUSD is consolidating from last week and confusing many traders to Short/Long this Trade. I think Tomorrow or next Week EURUSD will fall. Please read the callout on the chart for this trade ensure to close a bearish candle below the Blue Zone for Confirm Short of EURUSD.
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Targets
Long Opportunity in USDCADHello Guys.. As you can see in this pair (US Dollar and Canadian Dollar- USDCAD) is bounce from the Below TL and trying to break the 61% Fibo Level.
There is a good Opportunity I see to long this pair IF ir breaks the 61% level and closes above the 61% level to theTarget next fibo level 78%.
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AUDCHF Sell AUDCHF is reacting nicely to the top trendline on the chart. If price continues with an impulse down wait for a correction to enter short on this pair. RSI is extremely overbought as well so this is another indicaiton that price will fall. This should be a nice short setup. Good luck and safe trading
XAUUSD AREA TO WATCH + TARGETSTouched Daily support with fib confluence. Personally i'd like to buy gold a bit lower but because we have bullish divergence and a structure on the 4h i will be closely watching for buying opportunities in this area for a nice little retracement for gold. The black boxes are target levels that i'll be aiming for. Happy holidays and all the best for the new year!
Getting ready for wave C of Crude Oil consolidationWave count suggest NYMEX:CLG2017 is consolidating within 50.5 - 55.5 range in wave IV.
We might see a little push up to 54.8 tomorrow. Invalidation level for this trade is 53.18 level. We might see a 53.4, during asian or european session, but I don't think we will go down further.
As Crude will complete a zigzag in wave B into a major confluence level @ 54.8 I recommend to take short position in anticipation of impulse wave C .
@ 54.8 we have
(A) = (C)
1 of (C) = 5 of (C)
wave A 0.886 retracement
1.618 XA projection from bearish crab harmonics
CPST looking good for a nice play I would shoot for target 1 or 2. Technicals appear to becoming bullish, yet only time will tell. good luck!
Current Algo Targets $USOIL $WTICurrent algo targets (red circles) Crude algo intra work sheet 645 AM Dec 2, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo Considering the fact that a recent time / price cycle has expired algo targets are considered "soft" - waiting on confirmation. twitter.com www.compoundtrading.com
GBPUSD Bearish BatHi Trader,
There is a bearish bat pattern setting up on Pound with a D leg completion at 1.26300.
See trade details below. I always know my entry and exit prices BEFORE entering a trade, consistency is king in this business, assuming you have an edge ;)
Trade details:
Entry: 1.26270
Stop: 1.26840
Target 1: 1.25110
Target 2: 1.24330
Have a great week of trading!
Luke
GBP/USD - LONGI have been waiting patiently for the opportunity to go long on this pair. We have seen another rejection off the ascending TL and now appear to have bullish momentum. I will be entering this trade long on the close above the 61.% fibonacci and will hopefully trade up to the four targets above!