using clone theory. Looking for the continuing decline of the AUDUSD. Heavy resistance to break through. But working on a 2.5 to 1 risk ratio worth trade.
Using cloning rules on the daily. Looking to take the EUR/USD down to 1.51. Stop loss set for any reversal and looking for a 2:1 return from the trade.
XAUUSD has broken to form a long opportunity, it is now retesting the support structure after the break. With the confirmation break and pullback on the daily time frame, and with cloning tech confirmed. I expect this pullback level to hold and any close above 1816 will be my trigger to take the trade long, targeting 1865, with a stop-loss set at 1808.50.
AUD/JPY Patience is key, wait for the confirmation of the short. Key area 81.34:- waiting for this level to break and then a confirmation of the resistance re-test level will confirm a short entry. This will confirm a clone movement to the downside.
EUR/USD has tested resistance , entered trade after resistance was confirmed on the daily. With this confirmation on the daily time frame, as well as cloning technology projection. I expect my trade to continue down until 1.1630, stop loss set at 1.1920 in case structure breaks. Meaning 220 pip profit or a -75pip.
Head and shoulders sell opportunity forming. Take the sell below neckline break
Waiting for the next 2 x 4hr candles to test this support. If keeps wicking around this zone on the next 2 x 4hr candles. I’ll take the swing higher with stop loss just under the multiple wicks. Keep an eye on peeps, great risk/reward ratio here.
GBP/USD- Good Swing opportunity, strong resistance zone going into next week.
My analysis of gold this and next week. Let’s see..
Waiting for price to test that strong resistance zone around 40.30 area. Then i'll take trade at 40.30 down to profit zone 39.20,(looking for that price rally gap zone to be filled). small stop loss on this trad. Its a invalid trade if price settles above $40.50 area R/R is worth the trade imo.
After a test of the resistance Zones. I'm looking for the AUD/USD to retest the lower support and fill that rally gap up area. 255 pips on the table. lets see if I can get a pay off. stop loss place slightly above resistance zones
The Australian Dollar comes under more pressure next week, with fears of recession, bushfires and Coronvirus virus putting pressure on its recovery back up. This nose dive is purely based off negative news/events, technicals are out the window. The goal here is to wait, I see a very profitable move either way. 1) If News continues to provide negative, expect...
Waiting for the price to swing back up. Once price hits 1.1036 I’ll enter with a TP level of 1.1238
XAU/USD De-escalation in the Middle East should result in a reset. We see from the charts that the rally has caused a long rally wick that the market will eventually fill in. As long as no further escalation in the Middle East, I see this heading back into its daily channel. I’m looking at 1490-1480 by end of next week, and 1400 after that. Good luck traders.