Didnt have time to post this earlier. Simple EURUSD bear flag formation combined with Fibonacci. We broke the flag channel and the 0% Fibonacci support level. Now we are targeting the green negative Fibonacci Levels which are the extension/projection levels for the currency pair now. Simple strategy that works really well.
Im looking to short gold below the 1178 support level. This will be an attempt to catch price action fall to the 61.8% Fibonacci Retracement level which is at 1164.70. A failure of this Fibonacci Support level to hold will see a drop lower to the 76.4% Fibonacci support level of 1157.83. My stop loss will be placed above 1196. We are currently stuck in a range...
Shorting the SP500, stop loss is above 2060. Target is the 2033's I expect this trade to reach this today later this afternoon.
I am shorting the Dax here at the market price which is 9232. The target for this trade is 8950-8900 and anything below there. My stop loss will be placed above the 9500 resistance level. As long as the market is able to stay below the 9300 resistance level then this shouldnt be a problem for it to drop. The indicators are showing previous overbought sessions...
In my opinion this currency pair has become very overbought and is in unfamiliar territory up at these 115-116 levels. Im looking to short the pair around the 114.647 - 114.862 range. Stop loss will be place just above the 117.000 level where the red line is. The target for this trade will be below 111.000 for a long term trade and this is the pink line. Once...