wstipp18

wstipp18

Cypher

wstipp18

Watch this key grey zone marked on the chart, and look for long or short opportunities

wstipp18

I think this is a good opportunity to short but if you are being more conservative then it is a good idea to watch this area in this next week since it has come to a high activity/ reversal zone.

wstipp18

SHORT!

wstipp18

Here is a quick trade on the AUDNZD. There is some confluence between two advanced patterns and a support line (and further back resistance which is acting as support). The ratio is just above 1:1 if taking targets at the .382 retracement from the high of the Gartley to the current point.

wstipp18

As indicated by the horizontal blue lines, the market has broken above multiple areas of resistance. To make use of this I am applying the .786 retracement strategy. I am waiting for the market to retrace to this level, then placing a long order with targets at previous structure and the stop loss below previous support which gives me a decent risk/reward ratio....