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salsapete

The Aussie Yen presents an opportunity to go long against 3 supporting elements just above 75.00 on the intraday chart 1. The channel support 2. Horizontal resistance turned support 3. 200 period MAV 1. Enter long - around 75.05 2. Stop - below 74.00 ( recent swing low) 3. Target - 78.50 ( .618 extension) 4. RR = 3

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A scenario for Pound Yen long to complete potential ABCD pattern. 1. Enter - 1.3550 2. Stop - 1.3495 ( below c) 3. Target - 1.3820 ( 1.618 extension to d) 4. RR = 4+

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The Kiwi is recently gain ground on the Yen. Looking to trade with the tape. 1. Enter long - 71.05 2. Stop - 70.60 3. Target = 73.30 4. RR = 3.5

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Precious metals are on the move following recent consolidation. Gold looks to retest past all time high. Go with the trend , stay long. 1. Enter = around $1827 2. Stop = around $ 1807 3. Target = $ 1915 4. RR = 4+

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On the intraday chart, Pound has broken 1.2660. The trend is up. Considering a long trade , after a retest of this key level. Enter Long - 1.2665 Target - 1.2940 Stop - 1.2595 RR = 4

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EURCHF within an intraday triangle. Look to the long side ( all moving averages in line) 1. Enter - 1.0730 2. Stop - 1.0710 ( below triangle low) 3. Target - 1.0830 ( .618 fib extension) 4. RR = 6+

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Is the Euro forming a C&H pattern (bullish) 1. There appears to be a U shaped price movement from Mid March 2020 to June 2020. 2. The handle should be shallow , and ideally trace within 50% of the cup high , which seems to be the present case. Trade is long 1. Enter at support - 1.1175 2. Target - Prior high ( and cup equal extension) 3. Stop - below...

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Staying on the long side on the intraday charts. 2 possibilities mentioned 1. Go long on break of flag or 2 Go long on support of flag Risk Reward varies from 2 to 4.

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Gold has broken channel consolidation. Looking for a long scenario from near the break point ( false break ) 1. Enter long - around $ 1737 2. Target - $ 1769 ( equal fib extension) 3. Stop - $ 1729 ( inside triangle break) RR = 3

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EURO is stalling against the major defensive currency's. Here a D cross looks to be in play. Look to the downside 1. Enter short - 1.2040 (D Cross) 2. Stop - 1.2120 3. Target - 1.1700 ( shy of the .786 fib) 4. RR = 3.5

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Price has a tendency to revert to the mean over time. Pound is in a movement to the downside. Price has broken the 30 EMA and retested. Price has more recently broken the 120 EMA , and now we are considering if it will retest this average. 1. Enter Short = 1.2490 (120 MAV) 2. Stop - 1.2575 ( above the .382 fib ) 3. Target - 1.2230 ( .786 fib) 4. RR = 3

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Considering a corrective move to downside for EURO , as an equal measure . Look to enter short 1. Enter - 1.1225-1.1250 ( Confluence of Shorter MAV and overlying horizontal resistance) 2. Stop - 1.1305 3. Target - 1.1025 ( Equal measured move) 4. RR = 3

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AUD has been offered support of the 120 EMA after price had broken above this MAV on 7th April 2020. Looking for continued support to enter long . Trade on chart. RR = 3.5

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Gold has been in consolidation recently following an impulsive move up in march/april 2020 , forming a bullish flag pattern. The uptrend is further reflected with the shorter term moving average (50 EMA) above the longer term ( 200 EMA) . For an entry long 1. Entry - around $1678 = coincides with support of the flag, at the Monthly S2 pivot and 3SD price...

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Trade idea on chart. RR conservative at 2....

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Pound has stalled around the 200 MAV with 2 clear pin bars and divergence on RSI. Short trade as per chart. RR = 3

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As per chart . RR= 2

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Well this is a scenario for GOLD to exit this channel to the downside towards the start of this consolidation move. The considered trade is on chart. The RR = 2.5 +