Hi all, Monitoring closely FESX over the past month, the chance for a high probability high r/r short opportunity has come. Don't miss it even for a small position just to try! Following the fibo levels (1.618/2.618), it has turned long at end Oct and climbed to a high level of 3467 in this week after passing the 1.618 fibo level. On the 4 hourly RSI, it is...
As per my previous post, having cleared the last bullish fibo uptrend at the 1.618 level, GBPUSD has turned very bearish in the short term. After hitting a low of 1.2905, they have retraced back above 61.8% level of 1.3282. With stop loss at last high of 1.3520, Risk / Reward ranging from 4 - 5 X depending on entry level, profit target at 1.618 level of...
This idea was first posted on Dec 16 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as the risk reward is getting more attractive! Following the NFP last friday, XAGUSD has broken below the previous mth low and looking very bearish in the short term. Continue to lean short and target to...
One of the most interesting trades of the day! Gold XAUUSD remains firmly in Fibo bear market without having hit the 1.618 target yet. Testing 1st resistance level at 1490, if break will try for next resistance at 1520 which will most likely hold, barring any wild Trump-Xi antics. Thereafter trail patiently for target of 1400 to 1410 to be hit. Risk / Reward...
This idea was first posted on Dec 16 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as the risk reward is getting more attractive! Having cleared the 1.618 fibo level in the previous midterm bull trend, USDJPY have taken a dip and retracement above 61.8%. Targeting 1st target profit at...