COPPER has had a sweet run higher after returning to the 2.94 support level. Currently we are trading at the 3.30 level and I see this as another potential sell off so here's the analysis so you're all prepared to capitalize on another opportunity. Ideal Scenario: We post a higher day Monday and just scream on higher to 3.45. Sick! Medium Risk Scenario: We...
SL < 16.000 TP1 = 21.000 = Fib ext. 1,272 TP2 = 22.400 = Fib ext. 1,618 R/R = 2,1+ Uncertainty: Middle Time horizon: Within 2-3 weeks the potential pattern should have evolved
BUY at 8400, Target of 9000 in few hours. Stop at 8200
On the daily TF for the GBPJPY the bullish impulse has been stalling and we are now consolidating in an area well extended from the 200 SMA. On the 4HR, there has been several attempts from the bears to break below the 200 SMA and have held, but now we have had a big impulse down, through the 200 SMA with a bullish correction. This is more easily seen on the 1HR,...
The iShares ETF that tracks more risky micro-cap stocks - IWC - reached an important 161.8% extension of a prior move. I think we could see a pullback from here to re-test the breakout level around $90. If appetite for risk stays strong, it could be a short-lived pullback, or if investors reduce risk, this could suffer more than the main indices and their ETFs.
USD/JPY has been correcting in wave 2 since the 118.67 high in mid-December 2016. This wave 2 correction completed at 107.30, just above the 61.8% corrective target at 106.85. Wave 3 higher is now developing and should continue to higher towards at least 126.41 and more likely extend higher to the 161.8% extension-target of wave 1, which is seen at 138.23. Third...
Looking at the 4H and D charts we can see this pair is in a Bullish Trend. With this in mind, i'm looking for a potential entry to the upside. Here we have a prior consolidation zone acting as possible Support. We also have some Fib Confluence at this level with the .786 and .886 retracement. As well as the 1.272 and 1.414 extensions.
Looks like this pair could come down and test a Major Support Level @112.500 (last touched June 14 2017). Not only is this a Major Support Level but it is also a Psychological Level . We also have some Confluence with the 1.414 Extension as well. R:R 1.65 and 2.57
Cypher pattern at market. I've entered lower than 0.786 retracement so that I meet my maximum stop loss limit (100pips) SL 1.13 fib inversion Targets 0.382, 0.618
I'm looking at Fib Confluence at the .618 Retracement and 1.618 Extension. As you can see there is also some Bullish Support to go along with an Oversold RSI that may give this trade some steam. Give me your thoughts! Entry: ~.73454 TP1: ~.73871 TP2: ~.74420 R:R 1.14
WAIT FOR COMBACK TO RISING TREND LINE , THEN AGRESSIVLY LONG AT 110 AREA -OUR PRZ TARGET 114,4 AREA REVISITING ON 2,24 AND 3,14 EXT- CUMULATION AT THAT REGION
Almost text book Gartley Pattern setup. I will wait for monday to possibly create a lower high and maybe an M in London. I will be setting a pending order at the .618 retracement and set an 80 pip stop loss. I will not be taking a huge position in case I am wrong. I do not want to lose all my capital. I will roll my stops IF the market begins to fall in my favor,...
Here we have a possible Extension to the 1.272 from the .786 Retracement. I will not take the trade until I see it come back up and test the .786 retracement and there is obvious TDI divergence. We shall see what happens after Monday. I wouldnt be surprised if Monday the market rallies up a bit to trap more buyers, then drop it quickly in London. www.tradingview.com
www.tradingview.com Possible Reversal setup for a breakout of the Consolidation on the Daily Chart. Testing the 76.8, waiting for the Bullish move to the upside, take profit at the 127.8. The 127.8 is a previous resistance/support level from previous data. Structure leaves clues! Be patient and wait for the setup into this move. Could take a month or so to complete.
last week we fired off a long opportunity here on the GBPUSD at the 1.3060's level looking to capture initial profits at a retest of the previous structure highs. Now that we've reached those highs, the market is going to offer us another "decision point" A break above close above at this decision point would tell me to expect another extension higher where...
Last week we took a look at a potential bullish Head & Shoulders pattern setting up on Gold. The market proceeded to fulfill that prediction so of course the question now is "What's Next?" COUNTERTREND TRADERS I would look for a push up into a next level of previous structure resistance as that looks to be the next place in which the buying pressure may run out...