US30 Bearish Deep CrabAlmost perfect Bearish Deep Crab waiting to complete. (D) leg is also AB=CD 1.27 extension and on major YEARLY resistance. Price is nicely following channel and bouncing from extensions.
Extension
BEARISH BAT ON GBPCADBearish BAT on GBPCAD.
PRZ is at 0.886 Retracement of XA and AB=CD 1.414 Extension.
AUDUSD: Selling at Supply Level near 12% Fib ExtensionAUDUSD: Selling at Supply Level near 12% Fib Extension. Expecting price to bounce at find support at black level near fresh demand level but will broke the support after finding retracement.
GOLDEN OPPORTUNITY for shortin on XAUUSDhello traders
just few hours ago the gold broke the resistance level making a new lower low and pulled back
a great opportunity to short on the 127 extension
the levels as per the showing levels
happy pips hunting
SHORT GOLD (xau/usd)We are in a quite important time for gold at the moment, My view on the commodity is bearish longterm down to potentially 840.00. That said Gold is currently showing another short term selling opportunity opportunity. After breaking 1200 last week (which I called in a previous previous gold post) we are currently retracing slightly back up to that level once more. This also lines up with the 61.8 of the previous downward move and the top of the current downward channel. with these confluences in mind i will be looking at price action around this level for multiple rejections or reversal signs. should we get a valid rejection signal targets will be down at 1160.00 and beyond to 1140.00
EURUSD short as 127 extensionafter checking for the cypher pattern was invalid
will take this extension trade as per the targets showing
the pattern was invalid as only the wig touched the 127 extension
closed the trade now still profitable however
started a selling position as per the chart showing
happy pips hunting everyone
SHORT GOLD gold is currently presenting a decent shorting opportunity. it is showing multiple rejections of the 38.2 fib and is currently being capped by the 50 ma on the 2 hour. A strong close back below the 38.2 and we could see a continuation lower to the 1.27 fib extension which also lines up with weekly support. targets at 1194.63 area
EURUSD LONGWhat I have included on this chart is :
An Impulse wave
An equidistant channel
A Fibonacci extension
And A fibonacci retracement from the 1.618 level of the extension
The impulse wave and the fibonacci extension both create a major support level at the ~1.08641 level which has been tested quite a bit recently. The white levels are the retracement and I can see the first leg of the corrective wave reaching the .382 level of the retracement; setting a TP at ~1.09194
Bullish GARTLEY on EURUSD @ MARKETNot too much to say. Advanced Gartley Formation on 4h chart. Looking for 38,2% and 61,8% retracements as potential targets. Stops have to go below X.
Good trading
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EURAUD: Selling at possible trend reversal.EURAUD: Selling at possible trend reversal near 61.8% retracement. Target is at 261% fibonacci extension level
Asian Paints - Painting in Red, Breakout from previous SupportThe price action has just breaks below the previous support levels of 1100 and now it is heading towards the 1085, 1075 levels. Good time to short with stoploss 1126.
Target 1085, 1075
Stoploss: 1126
USDJPY 1H TRADE SETUPIm anticipating that this setup will probably trigger during Asian session tonight, and if it does I'll be selling the breakout targetting 1.27 fib extension. Trade your plan
Oil about to reverseAfter this fast rally, oil is soon arriving at the crossing of the Ichi cloud. At this point you will also find the 2,618 extension of the first retracement of the rally (last idea stopped). I will wait for my signal and position once I have confirmation. The two indicators shown are both overbought and may be used to signal the entry.
I also think some big movements are coming in gold. See related idea.
Thanks for your comments and likes.
AUD/CAD: APPROACHING A POTENTIAL REVERSAL ZONEFX:AUDCAD is currently in a symmetrical triangle, if the price breaks out to the upside, we are looking to short once it gets to the reversal zone, there we have a 618 fibonacci retracement plus a 1.272 extension in confluence with a very nice Supply/Demand Structure Point.
Remember: Eyes on your mind not on your trade
CORTES TEAM
POSSIBLE BEARISH ABCD CONTINUATION AUD/USDAussie/Dollar just broke a counter trend line and has retested. A continuation via a break below 0.73051 will lead us lower. first targets at resistance level at 0.71450 and then onwards to 0.7000.
USDJPY SELL THE BREAKOUT - 60M CHARTAfter a sharp move down , on a 60M chart USDJPY is correcting itself up, I'll wait for a break down to sell this pair.1st target would be 1.27 extension and the 2nd target 1.618 extension.
GBPJPY REACHING 164.00After finishing an ABC pattern GBPJPY looks like its turning bullish and heading towards 164 area at least.We have divergence on H4, and I'll be looking for buy setups on lower timeframes after the trendline breaks.
