petertrader1

petertrader1

SO BASED ON SIMPLE SUPPORT RESISTANCE MY "OVERALL" BIAS ON EUR/USD.....LETS WAIT THIS ONE OUT AND SEE IN A FEW MONTHS IF THIS COMES TO PASS.....

petertrader1

IN CONJUNCTION WITH AUD/USD TARGET 1 ABOUT TO BE ACHIEVED PREPARING TO COMPOUND ONTO TARGET 2

petertrader1

COMPOUND AND ONTO TARGET 2 (HIGHLIGHTED AREA)

petertrader1

BREAK OF SUPPORT TARGETS ARE HIGHLIGHTED IN YELLOW

petertrader1

BREAK OUT OF TRIANGLE AND RETEST TAKE PROFITS @ FIB EXTENSION LEVELS

petertrader1

REJECTED OUR TREND LINE AND 200MA TARGETS ARE AS FOLLOWS 5.5000 (KEY LEVEL) THEN 4.4800 (-0.27 FIB EXTENSION) 5.4100 (-0.61 FIB EXTENSION)

petertrader1

I WAS INITIALLY LONG ON THIS TRADE JUST GOES TO SHOW WE DO NO DICTATE OR CONTROL THE MARKET WE HAVE TO ADAPT AND ADJUST TO MARKET CONDITIONS. I AM NOW SHORT ON THIS TRADE A BREAK OF THE 200MA WILL SEE ME TAKE PROFIT @ 16.430

petertrader1

CLEAR DOWN TREND TARGET IS HIGHLIGHTED IN YELLOW

petertrader1

A BREAK OF SUPPORT WILL SEE DOWN SIDE TARGETS TAKEN @ HIGHLIGHTED LEVELS TARGET 1 9600 TARGET 2 9000 TARGET 3 8500

petertrader1

HERE IS THE FTSE 100 IT HAS BROKEN TREND AND IS CURRENTLY RESTING AT $6000 DYNAMIC SUPPORT AREA. IT HAS SUCCESSFULLY BROKEN AND CLOSED PAST OUR 200 MA A BREAK AND CLOSE OF $6000 WILL LEAD TO FURTHER DOWN SIDE TARGETS HIGHLIGHTED. LONG TERM TRADE TARGET 1 $5600 TARGET 2 $5000

petertrader1

PRICE HAS BROKEN FIRST TREND LINE SUPPORT, EXPECT RE-TEST OF SECOND LINE THEN BACK UP TO HIGHLIGHTED AREA $17.50

petertrader1

A SMALL BREAK DOWN OF S&P COFFEE INDEX TARGETS ARE AS FOLLOWED $9.74 AND $6.70

petertrader1

one to watch

petertrader1

Late post first take profit @ 80.73 area then 71.600 finally 60.00

petertrader1

SHORT BIAS ON THIS

petertrader1

This pair has apossitive correlation with USDCAD break out and retest of ascending trinangle set up with tp highlighted in yellow at key Resistance level 3:1 risk to reward ration