As always SL little above X TP 38,2% Fibo confirmed by two previous structures.
SL little above X TP at 38,2% Fibo confirmed by previous structure.
As you guys see some Cypher Patterns may occur on AUDCHF Worth observing. Will keep you updated.
SL little above X. TP - 38,2% Fibo confirmed by previous structures, possibly lower - to 61,8% Fibo Then the market is likely to continue the uptrend and form a possible bearish Gartley, few days probably:
Confirmed by a possible small ABCD Pattern (pink lines). TP1 - 38,2% Fibo TP2 - 61,8% Fibo SL little above X
Last time I've mentioned about a bullish Gartley on USDCHF Well as you can see guys we have another signal that this scenario may occur as an ABCD Patter is likely to be formed. Worth watching.
No need to add anything Bullish Gartley Pattern on EURUSD right now.
As usual, if the prices reach the D level it's possible that we'll see a bearish move on this currency pair.
Well, I don't know if there's something I need to add. This scenario is very likely to occur and I'm really waiting for it. Worth observing, nice R/R ratio, high possibility for profit.
Gold is now in a 3 month consolidation, and it looks like nothing is going to change. Well, here we have a possible bearish Cypher (probably 2 weeks of waiting) if the prices rise to 1218-1225$/oz. It's a good turning point confirmed by previous structures.
If this scenario occurs and the bullish move will be confirmed by some kind of structure, then we may see a nice uptrend or a correction. The TP levels are future Fibonacci retracements (high - 0.9536 to low - 0.9141) and old resistances. It's a good idea to move SL to breakeven after hitting the first TP.
Right now we have a great opportunity on USDCHF, spotted just now. Previous supports and resistances (also seen on 4H chart) + Fibonacci and candlestick formation. I'm already long on it :D Remeber, it;s just and idea and it's your decision whether to trade this or not.
Strong resistance at 1.1188 It's likely that the makret will reverse at this level. If not, then we may have a nice correction to 1.113-1.114 or at least a consolidation near the resistance. Especially that it looks like a double Head and Shoulders formation :D
Here is what may happen if the market breaks the key support level that I showed on the chart below. Well if one of those will occur (especially Cypher Pattern) then we may see a beginning of an uptrend.
The market seems to be a little bit confused, probably because of OPEC meeting and reaching a key support level. Here is some analysis of what may happen if the support would be violated or not. The nearest strong resistance for TP on long position is somewhere between 63,5 - 64 If the prices will break the key support level, then the next strong support is 59-60
EURUSD right now in a consolidation is likely to form a diamond, well it depends on todays news. It's hard to predict where the prices will go after breaking the structure, but if the market goes down then it may reverse/consolidate at 61,8% Fibo which is a strategic level confirmed by previous structures and a Round Number. Still it's better to wait for an...
Well I know it may look like a joke, but still - we have a 6 year Gartley Pattern :D This could be a good time to make a longer term investment. It's possible for the market to retest 14-15$/oz. Estimated profit - around 75% (24-25$/oz).
Stiil have to wait, because it's not sure (as always :) ) at 1.5437 we have a strong resistance followed by a candlestick formation, but the market must break the support line in order to reach the goal and form the Cypher Pattern. Around 1.5231 - 1.5215 should be a good opportunity to go long, but it's always better to wait for the market to confirm a bullish...