I'm getting long GBPCAD because there is lots of fib and structure confluence here at this 0.6680 zone. Stop is just below demand and 1 ATR below the projected low here at 0.6650. Going to wait till market open next week and scale in as the market pushes lower into this demand zone. Trade at your own risk. This is just my TradingView.
I went long on AUDUSD at 0.7700 because I see channel support, previous supply zone, and fib retracement confluence at this 0.7700-0.7750 area. Targets at 0.7765 and 0.7815. Stop loss is at 0.7660, 30ish pips (1 ATR + 10 pips) below the projected low here are 0.7691. Trade at your own risk, this is just my TradingView.
Bearish harmonic complete on the 1HR chart just below the 50% fib retracement target following the bullish shark pattern highlighted in blu. Stops go 1 ATR above the key 50% fib retracement at 0.9992. Taking off half and rolling stops to break even on a re-test of the D point at 0.9830. Final target is 0.9670. Please trade responsibly!
Just waiting for a pullback following a break of the 9860 stucture zone. Looking to get short just below the 50% retracement using the swing from 1.0168-0.9816. Taking off half of the position and rolling to stops to break even at 0.9800, just above the 61.8% fib retracement where we are likely to see some buying pressure.
We're in a bullish market looking at price action on the daily. Price is trading back in the bullish channel from the key 1.2500 level. Possible ABCD pattern in development following a strong 90% fib retracement indicating a potential move up to 1.4000 key level. Taking off half of the position and rolling stops to break even at 1.3630, just below previous ...
Bearish harmonic completion, resistance trendline confluence, and bearish ABCD pattern completion at 122.73. Stops just above previous structure at 123.32. Taking off half and moving stops to break even just above 120.00 even handle, where we saw a strong bullish rally last week following a breif pullback from the 120.20 structure zone.
Harmonic bullish pattern complete in the 7580 structure zone. Looks like the bulls are taking over on the lower time frames. In a longer-term bearish market, I'm going for conservative targets: 7610, 7650, and 7690. Please trade responsibly and thanks for your support! Follow me on Instagram @Blu.FX for more currency trading related content! :)
Bearish trendline resistance zone. Multipe tests of 1.0400 key support zone with no significant >0.707 fib retracements. Perfect bearish 0.786 fib retracement indicating a possible move down to 1.0300 before a correction to the upside at the bullish butterfly (Scott Carney harmonic pattern) completion zone @ 1.0290. Most recently, a bearish gartley (harmonic ...
Long-term bearish outlook. Previous wedge resistance being re-tested. Bearish 786 retracement indicates a possible move down to 108.75 area (new lows post BREXIT) where we can look for a retracement to the upside on the completion of a bullish butterfly pattern (Scott Carney). Support trendline that started from BREXIT lows has been broken and is currently being ...
Bearish market long-term. Bearish 786 retracement indicates a possible bullish bat pattern completing at 73.00 area. 0.618 fib retracement zone using the recent downleg from 79.00 down to 76.00. Bearish trendline resistance. Lots of confluence indicates a strong sell zone here at 78.00. Nice risk to reward as well!