NAS100 - Buy Stop EP: 18640 TP1: 18741 TP2: 18842 SL: 18539 Reason for trade - 1. Divergence on 5 Min 2. Bearish momentum has flattened out 3. Head and shoulders reversal pattern formed 4. Buying at 18640 will confirm the break of neckline resistance.
Gold reacting with rejection wicks off 4 hour trendline resistance. Looking good for a sell. EP: 2390 SL: 2404 TP: 2370
AUDUSD looks to be continuing its bearish momentum showing no RSI divergence and taking resistance at trendlines. Planning sell on break of latest support as follows EP: 0.65336 SL: 0.65737 TP1: 0.64935 TP2: 0.64540
NZDUSD has formed a triple bottom on the 1 hour TF with a bullish RSI divergence. Planning a buy stop on breakout of previous resistence. EP: 0.59069 SL: 0.58769 TP1: 0.59369 TP2: 0.59669
USDCAD has formed a double top with bearish divergence. Planning to sell on break of major support. EP: 1.37961 SL: 1.38562 TP1: 1.37360 TP2: 1.36763
Trend reversed to bearish at 15M timeframe Significant bearish displacement breaking previous support Planning sell limit at 0.618 fib level with previous resistance as added confluence.
Gold is fundamentally bullish and has broken through its latest resistance. Planning buy limit on retracement back to the previous resistance which may turn into a good support for further push upward. Buy Limit EP : 2345 SL : 2334 TP1 : 2356 TP2 : 2367
COT Report indicates gold is fundementally bearish Liquidity swept with strong displacement to the downside Planning sell order at previous resistance + expected retracement of Fib Level.
NZDCAD has formed a head and shoulders pattern on the 15M timeframe. This has been formed at around the 0.618 Fib zone on the 1HR timeframe. Market sentiment is heavily bearish as well. Planning sell stop entry as shown on the chart.
NZDJPY continuing its bearish trend based on market sentiment. Planning sell entry at the golden 0.618 level which can also be considered as previous support now turning resistence.
AUDCAD has a 94% sell sentiment at this time, and has printed a good size rejection candle at the 1 hour timeframe, and has broke through previous support. Planning sell limit entry at retest of previous support.
Planning sell limit as indicated in the chart in hopes of riding the continuation trend.
USDJPY broke a major support at the 4HR timeframe and seems to be going bearish now after forming a head and shoulders pattern. Planning sell limit entry at 0.5 Fib as indicated on the chart
EURNZD has a bearish bias and has retraced to the 0.618 to 0.75 zone on 15 minute TF. Anticipating to move towards the previous Lower Low.
US100 was retracing after huge bearish momentum. After taking the Asian session high, I am expecting the bearish momentum to continue in the NY session.
After trading bearish for the entire day yesterday, gold should be showing some retracement now that is has reached a strong 4HR Support / Resistence Zone at 2330.
Gold broke down sharply, breaking the 2400 level and towards the 2380 mark. It is likely to start retracing back up to the highlighted liquidity targets after such an impulsive move. Trading with this idea by setting a buy limit
Gold seems likely to move down to 2400 as the main draw on liquidity, with the 4 HR support on 2400