Could be the point where we roll over and head back to 63c and below
Last year 1st rally rekicked off from 0.5 fib, 2nd rally dropped down and found a push at .236 fib On this 3rd rally we are consolidating around 0.236. I'm looking for a 4th touch on bull trend line
Short at 120.83, SL 122.00, TP1 116.30 Rationale for short view: - Touched and just under broken bullish trend line (green) - Running into resistance at bearish TL - Daily stochastic over 80 - Resistance around 121.7 ~ Month of Aug range 0.618 fib ~ Highs in Dec 2014, Mar 2015
Inverse head and shoulders pattern on the 4hrly Potential long at 1912, SL 1857, TP 2030 Hoping we get this rally, which I am much more enthusiastic about selling into.
Looking for bullish set up on 4hr chart to get long
Buying off trend line support. First targeting top of wedge and then looking for a break out.
This is the rally I've been waiting on... now just need a bearish set up on a lower time frame to enter around these levels Rationale for short view: - Touched and just under broken bullish trend line (green) - Running into resistance at bearish TL - Daily stochastic over 80 - Resistance around 121.7 ~ Month of Aug range 0.618 fib ~ Highs in Dec 2014, Mar 2015
Currently filling 2nd gap above 2.06 and sat under potential bearish trend line. If we do break below 1.94 I'm targeting 1.56 (See Copper - The Landscape) Want to emulate a short china stance ... then this short set up on copper could be what you are after.
We had a break of bearish TL and currently experiencing pull back. Approaching potential support and looking to catch it long off a bounce.
With the world melting down is Russia going to get a little bit of a breather? S&P sat around TL and psychological resistance at 1900 we could see a bounce up next wk. Yandex (Russian Google) broke above its Bearish TL back in Oct last year (~12.80) and just dipped below that break out level as it gapped down on Friday. Looking to fill that gap in next weeks...
Taken quite a few steps back to see where this metal has come from in the hopes of seeing where we likely to be heading in the future. While in free fall we are sat on potential new TL currently. Break that and we look like we're heading to 1.50. Support around 1.40
After breaking bullish TL set up from 2000, we spend last year sat under that TL. The start of 2016 has us right back on the broken bull TL with a recent dip back onto support before a potential continuation higher up to 80c. Ultimately I want to be short this pair but not likely until later in the year or next when we get into the 80c ball park.
- Sat on bullish trend line set up from 2009 - Approaching channel bottom - Bullish trend line on weekly stochastic
I am currently short this pair via short NZD/USD @ 0.687 see NZD/USD GUNDABAD ORC ON THE BACKFOOT 2 UPDATE long AUD/USD @ 0.699 see AUD/USD - DECISION TIME (UP) but looking to get short outright when we break 93c, SL 95c, TP1 87.5c (RR 2.75)