Looking for an entry on lower time frame to take gold short. Price recently broke an uptrend and has now rallied back up to retest as well as the 0.618 retracement. Targets down @ 1220.21, extended down @ 1206.54 Stops above 1270 @1272.93 Risk Reward for this trade is 2.72:1 Risk Reward fro second trade is 3.87:1
I am currently short GBPJPY and have been since 147.180, this is due to the third recent touch to the 147.844 resistance level on the daily chart as well as RSI divergence and price action putting in a series of lower highs and lower lows on a smaller time frame. Now looking for a break of previous structure and then a retest for a possible add in for this...
Potential Long opportunity in cable early next week. This is a trend continuation trade, price has recently come down to previous structure at around 1.29705 (Daily) and has come to touch the 0.618 Fibonacci Retracement taken from previous swing low to swing high. Looking at this level to be the next HL of the uptrend. Will be executing the trade on a smaller time...
USDJPY been putting in a series of LL's and LH's confirming that we are in a drowntrend. Looking for price to now complete its complex pullback and put in the next LH and continue down. I have a equal measued move coming from the recent Low @ 110.600, also a fib extension from the first leg on of the equal measured move and a fib inversion of the retracement move....
EURGBP forming a clear uptrend on the daily chart, price has recently broken out of a longer term range and has now continued to consolidate unable to successfully break the 0.88589 level. Potential entry for this trade would be a break and retest of the Daily resistance up at around 0.88589. Look to buy on the restest. Stops placed below restistant and also...