Gold may show support on middle median line for a buy again soon.
We are moving in an energy coil now in the Andrews Pitchfork. Look for price to drop to the sliding parallel area if we can not move higher.
At the moment i am in with a short position in EURUSD, price has reached my first of the two targets and now with stoploss at breakeven i am waiting for price to reach my second target (see the link below). But what i am really waiting for, is price to rally and head to the upper parallel of a median line where we should have the end of an ABC corrective...
Price has rejected a slide parallel of a rising median line set, at a support level previously acting as resistance. That's a very nice buy setup with stoploss and profit targets as shown at the chart Like and follow for updates
GBPUSD aiming for the center of the pitchfork. The wedge breakout gives the idea of a reversal of the downtrend. Please comment any ideas or toughts, Thanks!
A median line, previous structure and 1.27 fib extention of previous impulsive create a very good resistance level where price already has rejected it twice. That's a good short opportunity. Stoploss and profit targets as shown at the chart. If price reaches the target at first posotion, move your stoploss to breakeven at the second one. Like and follow for updates
EURAUD is in a downtrend and we now see price having bounced from a resistance parallel of a valid median line. That's a nice level to short the market with stoploss and profit targets as shown at the chart. Move your stoploss at BE to the second position if price reaches the target at the first one. Likes and comments are welcomed..
It was only yesterday i posted a buy setup in USDCHF and in no time price reached our profit target for a 3.4:1 risk/reward ratio (link in the chart). In the same fashion we should wait for price to retrace a little deeper, probably test a previous uptrend and watch for a buy setup. Stoploss should be below the previous swing low and as a profit target we should...
Wheat chart showing a zoom and retest of pink median line, look for break of low to show more opportunities to short.
Price continues to hold support on sliding parallel. Look for continued upside momentum and a buy if price shows a wide range bar up.
Price is beginning to show more consolidation and weakness, look for possible drop as mentioned earlier to sliding parallel
Looking in the hourly chart in GBPNZD we may see that price is climbing and soon may reach the upper parallel of a median line. The MACD bearish divergence shows that this up move is losing momentum so most likely price will reverse from the upper parallel. We should wait for a breakout below the uptrend, wait for a correction and go short aiming the median line...
Price moving in a corrective structure, is testing the lower parallel of a median line. I expext price to rally from that level for another impulsive wave with potential profit target the lower quartile of the pitchfork. Like and follow for being notified for any updates!
Gold is moving in a corrective structure after an impulsive wave to the down. Moving up in this correction it might rach a level where we have strong resistance from previous structure and a the upper parallel of a valid pitchfork. If price reaches this level we should watch for a sell setup and sell gold. Like and follow for being notified for any updates!
Price has bounced from a parallel of the median line (uptrend). At that level we may go long aiming for the upper parallel of the median line set. Stoploss and profit targets as shown at the chart. If price reaches the first target, move your stoploss at breakeven at the second one. Like and follow for updates to this trade setup...
Look for a possible move to the upside on blue fork before further drop down.
Gold has pulled back from the top Median Line. Look for price to hold here and go up, if not it may go to middle Median Line.
Price found support as predicted on previous charts, look now for possible pullback to sliding parallel around 2130 before continuation