EurChf is playing out as expected and is now 27 pips in profit. See before here. Let me know if you like my analysis for more content.
Price seems to be completing wave 5. Interesting setup.
DAILY SETUP Looks like a possible inverted H&S if price breaks out of the CHANNEL
Price has now moved 250 pips and has reached my first resistance on the H4 channel. See published idea before here
Long idea for EurUsd with a potentially new channel on the 4H time frame. 200 pips to the upside
Gold target price of $1566 I posted earlier on the weekend and today has been reached. I will now be looking for LONG TERM short positions around this zone.
Nice short setup on USDCAD. See yesterday's forecast in profile or click link on chart.
Price broke out of the triangle in 2H time frame. I am monitoring the lower time frames for clear reversal patterns to enter long positions provided that support holds. Here is my general outlook.
My trade idea is complete at 480 pips. I will wait for breakout from the channel to enter other short positions. See initial idea (before) here
On the daily time frame, price is completing the impulsive wave. Once complete, some correction should be expected (wave c to d) which will lead to the next impulsive wave of the daily channel (wave d to e).
The short idea I shared earlier is now running 230 pips.
Price seems to reject my 50% fib level and I think its a good shorting opportunity going long term. Also, price seems to have broken out of the previous bullish wave and has since retested the previous support- now new resistance. MY ENTRY PRICE IS AT $1572 INVALIDATION LEVEL OF $1600 LONG TERM TARGET AT $1182 i.e. for those who asked if I could post my idea when...
Potential long setup viewed from 4H (wait for breakout from 4H channel). See previous post in profile to see possible long term outcomes.
Currently US oil seems to be in a critical demand zone. Price has perfectly rejected my 161.8% fib level. Depending on whether or not price breaks through the critical zone, I expect one of the following two scenarios to play out.