AdamWiIson

AdamWiIson

Keeping an eye on the ascending resistance turned support. untouched stops below current price marked with the 'X's', I'll be monitoring price when its closer to the ascending support. If it cleanly breaks then a buy limit will be placed on the .618 fib, with stop at the 0.79.

AdamWiIson

0.5 fib may be on the verge of breaking, if it does then I will be longing at the 0.618 fib level which coincides nicely with a bearish breaker. Stop at the 0.79 level which coincides with a previous bearish breaker that has been heavily rejected twice as both support and resistance (arrows highlight this). Buy limits are in and this trade is roughly 2R!

AdamWiIson

Scenario 1, 0.5 fib level that has been respected twice previously is approaching, if the daily respects this once more then I'll be entering with my stop at the next fib up (.618). However if price breaks through and takes the untouched highs highlighted by the 'x's', then I'll be entering at the .618 level, with stop at the next fib above. This is my usual stop...

AdamWiIson

Its evident from this weekly chart that we've reached BBA Aviations all-time highs. Potential high rewards in a shot now if you want to get in early, this has never been broken before as seen, and so if we close below this week then theres no reason why this won't go back down again? Thin move up on the weekly can easily be filled.

AdamWiIson

Ascending support currently being tested, looks like it may have been broken. Will short a retest if it has broken, will target the untouched lows highlighted by the light blue dotted line.

AdamWiIson

If the supply & demand area highlighted in yellow holds we may see bearish movement back down to the strong support level highlighted in red. Untouched highs have been took into this block and if this 4H closes below the yellow area I will be short for 3R

AdamWiIson

Retested the 0.618 fib twice to no avail, this level coincides with a nice supply & demand area that was heavily rejected. stop loss at this level again as I don't think it will reach this again before the 207/208 area is hit, enter on a retest of the .5 fib. 2R

AdamWiIson

Ascending channel resistance looks to be respected, aligns with a bullish supply and demand area that has also previously been respected. Short to the resistance turned support as seen here?

AdamWiIson

Fib marked out, 0.5 and 0.618 levels, ascending channel looks to have been broken now so I expect price to reach 105 minimum, once those lows are taken I'll consider longing, if price doesn't respect 0.5 then a 0.618 limit will be placed for longs Just above 2R.