Hi traders, On the XAUUSD 4H chart we can see that price made a nice AB=CD pattern, causing a small correction. I'm expecting the same thing to happen at the completion of the CD=EF leg. Entry: 1174.02 Stop: 1181.98 Target: 1157.23 = R:RR 2.11 Good luck guys! I will be updating this chart as time progresses.
Hi guys, On the USDCAD 1H chart I'm looking to enter short at 1.35546. Chart got a bit messy with the fibs. At this price the AB=CD=EF pattern will be completed and we have a 127.2% Fibonacci extension and a 200% Fibonacci extension at this price. Entry: 1.35546 Stop: 1.35918 Target: 1.34992 = R:RR 1.49 Good luck! :)