GBPCAD looking to sell either the break below the weekly low or sell a retracement if it rallies higher (my preference = lower risk) will see if there are any zones of interest on lower timeframes on next chart Ending diagonal has now been 100% retraced so a retracement is likely before any move higher, ideally to close the gap at 1.98214 If selling the break of...
Looking to sell GBPCAD as it has hit a 38% retracement which coincides with a major Weekly S/R Level going back to 2008 and also the 50 week ema Looking for a lower risk entry on the lower timeframes to short down to possibly 1.86691
Daily Setups with good reward to risk, buying off support and the base of the former rally Ambitious targets but see how we go
While I'm positioned short from a while ago, we are at an important juncture as the resistance levels shown coincide with longer term trend lines going back 1 year or so... I don't think the market is expecting a rate hike although the fed does need to start getting some ammunition ready for the next calamity which is sure to happen at some point, The market is...
Expecting retracement soon in Oil and RSX, possibly other commodities as well (i.e. Gold and Silver)
Looking for move lower in US Indices Funnily enough this rally has been led by the S&P and Dow the Small caps and nasdaq have been lagging the big indices higher (I have pending sell order on them that have not filled yet and they have unfilled price gaps that are likely to be filled before any significant decline Given this it is not unreasonable to say that...
Weekly tweezer top and also rejected/ closed under long term trend lines indicating a false breakout RSI barely made it above 60 as per the last retest so this market is still bearish/ corrective till the tweezer high is broken Selling tomorrow, still think we are in a major corrective phase that has not finished and expect it to get down to 16588 at a minimum...
Scenario 2... Possible Double or Triple 3
Big Picture View = In secular bear market
Possible scenario if the current secular bear market carries on rallying from here... Comparison of the current market vs. Quarterly chart from 1917-1929 Could rally up to 20,000 hit some major resistance, then correct lower into a wave 4, and eventually go up to 23,000 then fall 75-83% causing the next depression for the next 10-15 years afterwards Possibly the...
Looking to position long Nat Gas shortly.... Nice support zone not far away
Am short looking for two targets to re-establish longer term long positions Final short target will be the 78.6% retracement which is also a gap close and the zone for a 2618 trade If it gets there I am planning to buy again into a longer term position long Market may be forming a weekly triangle and the $41-$42 high may be resistance going forward so will take...
XAUUSD 1hr Cypher at short term trend line
Coincides with Monthly Gartley Level so going long Ambitious second target due to getting a lower time frame setup on a larger time frame setup Risk 50pips, Potential reward = ~560pips R:R 10:1 to final target
See lower timeframe setup... still needs a small rally to enter position short
Currently Short on the S&P500 based on orange bat pattern Looking to take profit and reverse long on the gartley in blue aiming for a rally to 2020