POUND IS SHOWING STRENGTH AGAINST THE DOLLAR THIS WEEK
AND IF WE CAN GET A RETRACEMENT BACK INTO SUPPORT WELL BE SETTING UP A NICE GARTLEY!
D LEG COMPLETES AT 1.37680
STOPS BELOW X LEG
ILL BE TAKING TARGET 1 OFF AT THE TEST OF THE HIGHS @ 1.39180
AND MANAGING MY SECOND TARGET WITH A POTENTIAL TO REACH 1.40500!!
GOOD LUCK TRADERS!!
USDJPY HAS BROKEN THROUGH DAILY SUPPORT AND COULD CONTINUE LOWER.
WE ARE RETRACING RIGHT INTO RESITANCE AT AN EVEN HANDLE NUMBER.
D LEG OF CYHPER COMPLETION AT 111.000
STOPS @111.310
YOU CAN TAKE PROFITS OFF AT PREVIOUS SUPPORT @ 110.380
IF YOU MANAGE SECOND TARGETS NEXT DAILY STRUCTURE LEVEL IS @ 109.640
Over the last week we've seen bullish activity on the usdcad.
We have a little over 100 pips to the next major support level.
if we get a pullback into the 1.25700 even handle number then that will complete the d leg of our bear cypher.
stops above the X leg
target one at 1.25428
target two either at the .618 retracement of the c d leg 1.25259, or ill be managing...
Aud/Usd has been very bullish for the past few weeks.
If we can get a pullback into support this will set up a nice looking gartley!
d leg completion for gartley completes right at .77700 an even handle number.
take profit 1 @ .77860
take profit 2 @ .77950
For trend continuation traders you can manage the second half of your position and take your profits off at...
We are coming into a nice weekly/monthly level of resistance on this cypher completion.
x leg completes right at 152.550
target 1 @ 151.350
target 2 @ 150.600
target 3 will be managed but potentially taken off at previous support @ 149.500
stops placed above x leg @ 153.970
nice profit potential!
nice bearish cypher setting up on the 1hr chart.
X leg completes at decent structure. 1.34200
tp1 at the .382
tp2 at the .681
possibly shoot for extension down to support @ 1.33200
