EdgarsFX

EdgarsFX

In times like this, trading seems a bit too easy, and it bothers me, like a alot. US Dollar index same as GOLD and EURUSD, broke out of those pair significant wedges. And all are testing them today. Gold is right now dancing at the bottome trendline and and Fibo level 50. EURUSD has gone past fib 0,618 and is heading to fib 0,5. Both those ideas ar...

EdgarsFX

As we can see fridays big fal broke out of that rising wedge from my previous idea. Now we are having some retracement, blue line is a nice previous support level , where I expect price to turn around and fall back down, to bottom of that big falling wedge or fib level 127,2 which is around 1,1500. To see what I'm talking about look at my previous idea below....

EdgarsFX

Falling wedge. Expect it to test top. This means that USD is getting back some strenght so XXXUSD pairs should go down and USDXXX pairs up. Ofcorse, if this is valid. Good luck!

EdgarsFX Updated 

GOLD is still trading in this rising trend corrective wedge and on a smaller TF it's trading in a chanel. (PIC below) As we see there is a strong resistance level at green line, pluss this resistanev level conects with fib level 0.236. If price breaks out of this wedge we can expect it fall even to Fibonacci level 1.272 (dark blue line) but first we need to get...

EdgarsFX Updated 

Gold is still trading in this wedge, tested bottom again and went up. This new 4h candle will show as where Gold is heading with this movement. If price breaks bottom, TP is 1780, but there is plenty of room to go lower. Not gonna lie I'm sick of this wedge. Good luck!

EdgarsFX Updated 

Usually don't trade stocks, but it looks like we might get a H&S on Tesla . This is an early post, I will monitor it and update it later.

EdgarsFX Updated 

Friday posted an long idea for Gold, now I see a bit different picture. Looks like we have rising wedge on 4h TF and a smaller one on 15 min. If smaller wedge is valid I expect 1st around 1787 or arounf that upper green line, and later maybe we can even get that 2nd line hit. Good luck.

EdgarsFX

EURUSD right now is at really crutual level. Blue line is previous support level on 1D TF But as you can see price right now has reached top of a daily falling wedge and top of 4h rising wedge which is also at fib level 0,786 Plus this 4h falling wedge is a corective wave (ABC). I see a possible way down from here to test bottom of daily wedge, but EURUSD...

EdgarsFX Updated 

GBPUSD has broken out of the chanel, so now I expect it to fall down more, but before entering sell, I'm waiting for some continuation pattern. TP around that blue line. I will keep upadting this idea, like all the other. Good luck!

EdgarsFX

I stil think that EU is in a sell mode. Yesterday price broke that green trendline, now it's being tested. And now I believe we have another bear flag I entered another sell at the top of the flag. Good luck.

EdgarsFX Updated 

EU traded in a zone last week. yesterday it finally broke out, now it's retesting bottom. So I entered short position with TP around blue line. Good Luck!

EdgarsFX Updated 

Weird place for an idea, but as you can see price has broken trendline, and now is testing it. On smaller TF we are getting some bull flag vibes, but I expect that GOLD should go up, next week. 1st TP that green line around 1830. Good luck.

EdgarsFX

On 4h I have drawn fibonacci expansion from the latest high. As you can see there is a double top at fib 61,8 level. Key level at the moment is green horizontal line, if price breaks it, it should go down at least to fib level 1, and then fib 127.1.

EdgarsFX Updated 

If price breaks red line, then expect it to test top trendline (black)

EdgarsFX

This fall started from price 1916 fell down to 1750. Now we have ar rising wedge with top at Fibo level 50 for the previous fall. Now when the wedge has been broken and bottom tested, I'am entering asmall sell. With 1st TP @ bottom of the wedge and then 2nd TP for fib 1,618. Good lauck, trade safe.

EdgarsFX Updated 

Waiting for bext move. I have drawn two fib extensions. On 1st we can see up move from 9th march to 1st june, then price droped and fell to fib level 0,382 reachnig lowest point at 29 th june. This is one scenario if it's right where we can get a big up move to fib level 1,618 with top price @ 2073. But we have 2nd scenario where I have drawn fib extension...

EdgarsFX

Price can go up to test top line, which will be the best entry point. 1st TP 1st horizontal line.

EdgarsFX

Rising wedge on 4h, black lines are support resistance levels.