WSA
GBPUSD Idea for next week
Wait for a LH Formation to take a sell if it is presented
Wait for Price action to do its thing
EURUSDIdea for next week, wait to see if price breaks above Daily S/R or Rejects and continues
Wait until price breaks H4 S/R for long term Sells
AUDUSDIdeas for next week
Price can do what it wants
Just adapt, wait for confirmations and pull the trigger
S&P 500 Short Opportunity, via 1-Hour ChartAs we can see, price has shot up, tested the major key level of 3101.6 twice before continuing further up. Right now, it's testing January's previous structure support of 3221 which can potentially become resistance. If price completes this head and shoulders pattern, there shall be bearish movement ahead.
Possible S&P 500 Long, via 4-HourAs we can see, price failed an attempt to finalize a head and shoulders pattern to the downside. Price pushed back up and closed above the neck line. Price also made a three inside out bullish candle reversal at demand. Price shall break and close above my 1 hour inverse head and shoulders in attempt to go back into previous supply zone.
GBPJPYEntered Trade Too early out of FOMO
Bearish Momentum
Simple break of Support
Should of waited for a retest before entering
GBPCHFBroke Trendline and Retesting last week
Price came up to 50% FIB & H4 S/R
H1 still making HL's on countertrend
Wait for Break of Structure on H1, Bearish Engulfings, MA's cross
GBPCADPrice Had a break of structure last week, now creating the countertrend to retest the BOS and continue Downward Momentum
Waiting to see what Price action does at the Exhaustion levels.
Will be waiting for Buyers exhaustion, Bearish Engulfings, Cross of MA's, Break of support before Entering
GBPJPYPrice broke Exhaustion and created new High since Mid December.
Waiting on retest of exhaustion, H4 Trendline.
Wait for double bottom, Bullish Engulfings, selling exhaustion, MA's Being respected
GBPUSDAfter making a huge Downward move (so many confluences) at the start of the last week, Price has made a retracement to the 78.6.
Expecting a retest of the 78.6 Fib, Creating a double top, with MA's Crossing, Bearish engulfings, Break of Support with a retest.
Confluence of support-Fib level+Historical Support/ResistanceWSA is an Australia-based mining company & its activities include mining, processing and sale of nickel sulfide concentrate from high-grade nickel mines, other base metals and platinum group metals. The price has retraced to the 61.8% fib level & closed the gap. It is also the historical resistance zone and is currently providing support. The quarterly results are out tomorrow morning (Tuesday 18/02/2020) and should be watched closely as the future direction depends on it. My bias is bullish but that is only a bias because I hold :-)
Possible Gold Scenario, via 4 HR ChartWhat we can see here is that price has been showing rejection from the major key level of 1593.70. Not only just that, we see multiple rejection from that zone between 1546 and 1562. Recently, price has broken out of early February's descending trend line. Will price reach that major key level resistance and show a possible rejection or break out and retest that major key level?
GBPJPYIdeas on what could happen.
Always react to what the market is showing you.
Patience always pays.
USDCHFPotential Buy with countertrend H&S pattern up to exhaustion/38.2 FIB
Once Price Action & Momentum shows, Potential Sell to the -27%
