1611 level needs to hold for this level 60 pip stop with following tp ( Yellow arrows are representing the move we are expecting, depending how maket opens will determine if I wait for 1611 or pull trigger sooner)
PINK trend line in my drawing is really significant to me, break of this can mean much more down side for gold...
Day flexing hard at fib levels marked out, looking for a good upside coming up week. Someone needs to find a cure for this corona virus junk !!
Tp set (3) marked with green lines and arrows pointing to them
LONG opportunity on AAPL TP and SL marked on chart. drew fibs form major low on daily chart to most recent high. APPLE held well right over the 100.00 mark on the Fibonacci as well on the Daily 200 ema. have position running since last week Friday.
Bearish gold market last week at same Time that media has been talking about the major drop in stock market, something is telling me investors might be coming in to buy big again for a lot of stocks, might also see more downside for gold.
TP and SL have been marked on chart.
LOOKING FOR A RETRACE TO MY 88.6 FIB ON SMALLER TIME FRAMES, TRADING EU TO DOWNSIDE BASED OFF THE MONTHLY FIBS.
IF ENTRY TAKEN AT 88.6 FIB, POTENTIAL DOWNSIDE 90 PIPS, POTENTIAL RISK 35 PIPS
MONTHLY SHOWING A GOOD WAYS TO DOWNSIDE IN LONG TERM
PRICE HAS REACHED 50.0 FIBO ON DAILY CHARTS, CYPHER PATTERN HAS PRESENTED ITSELF ON DAILY CHART. NOTE THAT THE STOP IS A WIDE STOP SO IF YOU DO TAKE THE TRADE REMEMBER THAT RISK MANAGEMENT IS THE KEY. .!! LETS CATCH SOME PIPS
1HR crab pattern has been presented on 1HR chart.if support at "D" holds I have put 3 possible target areas.
Will be shooting for TP1 and is broken will move stop loss in profit and go for the stretch of TP2 or TP3.
Will be posting Ideas every week from now on, lets catch some pips!!!!