GOLD DAY TRADE LONG IDEA
Extended triangle with impulsive 5 waves
Im looking for GBPAUD to drop lower for another 230 pips to complete the harmonic pattern and ABCD drive pattern. If market Shows Bullish Bias from my buy zone i will take a trade into my take profit zone at 1.7700
Dollar Yen can go lower to 103.36 to continue the upwards movement to 104.50. If market shows Bearish Bias at 104.50 Harmonic pattern will be confirmed and and massive sell of will follow.
after this massive sell off market will pullback surely. It has fallen under downtrend channel resistance and will most likely come back to retest it. I anticipate the retest of it will have some spikes thats why i plan to enter order at $1910.00 If the trendline holds i will look to ride down to $1790.00
MUST HIT 1516 BEFORE REACHING NEW HIGH
EURUSD IMPULSE SEEMS TO HAVE ENDED SO MUST START CORRECTION PHASE TO SUPPLY AREA AT 1.1070 THEN IMPULSE WAVE IT UP TO THE DEMAND AREA AT 1.1300
PRICE BOUNCED FROM SUPPLY AREA. WILL HIT DEMAND AREA
USDCHF 3-3-5 Correction ABC wave. Goodluck traders
With the short bias on higher time frame. I can draw confirmation for short and targets the SL should be above the recent high. or above the resistance for about 15-30 pips
With the short bias on higher time frame. I can draw confirmation for short and targets the SL should be above the recent high. or above the resistance for about 15-30 pips high.
Price has been rejected from 1.1750 area since July. and now its consolidating. The big movements are bound to happen to the short side. Target 1 - 1.1540 Extended target - 1.1300
On a Weekly timeframe. EurUsd formed a triangle (2 triangles). I see eurusd on its way to form a Heads and Shoulders pattern. (bullish until 1.1925 hits) On a Daily timeframe. The pair has breached descending trendline. currently waiting for it to retest back and shoot again. I see confluence on 50% retracement level aligning with the weekly resistance area.(same...