Tango1

Tango1

The AUDUSD has been within a downtrending channel since start of 2019 , and all likelihood to continue to do so for the rest of the year. Presently price has moved away from channel support , and considering a 3 wave corrective cycle to the upper trendline , and long into the third wave (c) . Consider long 1. .618 -786 fib retracement of wave a = .6750 2. stop...

Tango1

Considering a long in the direction of a possible new wave (D) , rising to trendline resistance. Entry - at start of support zone at 107.35 Stop - below support zone 106.75 ( 60 pips) Target 1 - 109.20 , top of near resistance ( 2/1 Gann Line) Target 2 - 112 , top of consolidation trendline ( above 4/1 Gann Line)

Tango1

Gold is winding within a corrective triangle structure. IF a 5 wave structure is in play 1. D wave to complete around 1493 2. E wave to complete around 1503. The short trade is 1. Enter at E 2. Stop above A 3. Target .618 fib extension to 1442. RR is 3+

Tango1

Conservative RR for Aussie corrective long against trend within longer term downtrending channel. Idea for trade on chart.

Tango1

If Bitcoin is in an ABC corrective mode , within the 4th primary wave Then a short can be considered from the 50 EMA Stop above recent minor swing high Target is the projected C at 7500. RR = 3+

Tango1

From Dec 2018 , Bitcoin has made 2 major impulsive waves and now is in corrective mode. Correction A & B have played out. Currently the C wave is in progress , and the likely target is around 7500.

Tango1

Given the uncertainty existing - brexit , printed currencys, US - China trade wars and undermining of stock markets , a move to precious metals seems reasonable. Silver is on the rise ...... and should see 20 eclipsed in the short term .... and then some...

Tango1

Gold is on the rise.... possibly a little to quick for the present time and a distance away from the 20 period moving average. Yesterdays long tailed pinbar, suggests a clear rejection of price from the 1550 level and may see consolidation between 1500 and 1550 in the coming days . Gold is too bullish to short , and looking for an opportunity at support to...

Tango1

Trade possibility of a short from BB midpoint to the base of a longer term descending triangle support. Stop is above recent swing high. RR = 2......

Tango1

This is a suggestion for a counter trend trade. On chart ....

Tango1

Price recently has hovered around the 107 handle as 1. False break 2. Breakout to downside and retest 3. Recent retests. Looking for an entry for short 1. Enter around 106.70 2. Stop above 20 period MAV around 107.40 3. Target prior support around 104.50 RR = 3

Tango1

EURAUD has been travelling in a channel to the upside. Price has broken resistance at 1.64 , and retested this level . Looking for a long entry 1. Entry - at 10 MAV 2. Stop - below support 3. Targets - many = channel resistance trendline, 1.27 fib extension , horizontal past major resistance. RR at best 4....... Price is likely to consolidate between 1.65...

Tango1

Trade as per chart , with a continuation of to the upside....

Tango1

This pair has made a strong rally to the 1.73 handle , after forming a Inverse H&S in the low 1.60's. Looking for a long 1.Entry - Confluence of support and in the shorter term moving average buy zone. 2. Stop - well inside the support zone 3. Target - Swing high of October 2018 RR = 6

Tango1

Time for a correction of this index..... short as per chart may be a consideration...

Tango1

The trend with this pair is down, with price travelling with a channel beneath the 200MAV. The Range for the year so far is between 1.07 and 1.02. Last Wednesday a large bullish candle was formed, that was the most significant since Jan 2019. This degree of movement will be instigated by the institutional buyers and not the retail crowd. Maybe the real...

Tango1

I am bullish on the USD against the CAD in the near term. However , would like to see price correct to the .786 retracement level of the prior swing ( which could be an impulsive minor 5.1 wave ) . Entry - between 130.80 and 131.40 Stop - below swing low Target - 6.18 fib extension to 1.3550 RR = 5

Tango1

This is a possible wave count for the pair from 2011 low to present. This count makes me bullish on USD against the CAD and looking for going long on weakness of US dollar. I am looking towards 1.37-1.40 as possible upside targets in the near term.....