FX:USDCAD 38.2 Fib Retracement after breaking inner trendline. TP 1 target previous low. 2.5 R&R ratio, SL slightly above 50% retracement level.
FX:NZDUSD broke & retested Counter Trend Line. TP 1 set at 61.8% Fib retracement, in confluence with previous structure (resistance). MA crossover & Cloud Breakout provides even more confirmation on the direction of this pair. No major news for NZD for the remaining of the week as well. Good R&R ratio makes it even better trade.
FX:AUDUSD Now AUDUSD is forming a wedge on a daily timeframe, saw a easy head and shoulder trade, to short the pair targeting the 618 golden level & previous structure.
Strong support at 100.00 level with triple bottom. (weekly fib 50% retracement). Now we see a break of trendline, would look to catch the bull train to 106 level.
We can see OANDA:XAUUSD broke daily uptrend trendline after testing weekly downtrend trendline. A break below 1300 level should warrant a short position after retesting support turned resistance, targeting 1211 level (previous structure and 50% retracement). Else we should wait for a break of weekly downtrend to opt for long positions.
OANDA:XAUUSD Broken an daily uptrend trendline (CTL) after touching weekly downtrend trendline. A break below 1300 should warrant a short position targeting 1211 after retest of support turn resistance, else we should wait for a break above the weekly trendline to go long.
Sell on the Pullback after Breakout of trend line. TP 1 @ 1.312 TP 2 @ 1.302 SL above pullback high.
rejection at previous structure, TP 1 @1.124
Uptrend Cloud closing, Base & Coversion Line crossover. Looking for a break below (downtrend continuation) LL.
Should see a retest @1.300 before heading south again.
Retest of Support turn Resistance. 61.8 Fib, Top of Linear Regression.
Upside target @140.5
Double Top formed of H4. Bounced off the neckline. Potential double bottom or Reverse head & shoulders. However, a break of neckline would warrant a short target @1.094 level.
Looking forward for a bounce of 61.8% Fib. Current break of double top neckline followed by a retest. Managed risk and reward. with SL at 30 pips
38.2% Fib after violating the CTL on Daily. Price above the Kumo, with a bullish crossover of the EMA earlier. A break of the supply zone will warrant an upside target at the 23.6 Fib extension.
Break of neck line would warrant a short target at 2.27.