gold ready to liquidate longs and shorts in the coming week. trade idea is wait for false break to the upside before the drop. watching the 1520 area for possible exahustion candles
strong resistance at 1550 is proving difficult for bulls to break. bears are gaining momentum as bulls could not break last weeks high at 1535 and eyes now are turning to downside supports. Trade idea is sell gold on the open with targets at 1425 and 1350 area testing an breaking trend line support before bulls can test highs again. looks to me that liquidity...
usdcad forming a nice bull flag on the 4h watch for break than retest. look for pin bars or bullish ungulfing candles to trade off of
trend is down expecting it to continue nice setup good risk reward
audjpy in bearish channel expect it to continue. good risk reward
Possible scenario in this chart is that the S&P maintains this channel and makes new highs before a hard crash again. liquidate and get rid of the longs put some fear into them and the hungry bears get trapped .
does this look like a possible monthly bull flag
usdcad long on the open stop an targets on chart.
Possible chart pattern for gold. weekly close in the red and a red monthly candle suggest the upward move in gold has stalled will look for sell orders in the 1520 1530 area and stop at 1560 with targets to 1474 an 1450
usdmxn in consolidation i am anticipating break to the upside with a possible large move.
possible ascending triangle setup watch for the break to upside.
strong rejection at 58.6 this week keeps oil in its downward channel. trade plan for next week is watch for any exhaustion candles in bull rallies. target set on the chart
warn you once again xrpusd is in a downtrend. every rally has shown to be bull traps. So ask yourself whats different today than before. Really nothing has changed ripple network which is a viable profiting business is in my opinion using their name ripple to sell the xrp token to the retailer only to unload their xrp onto them. Almost want to call this a fraud...
trade idea buy stop at 1.48 target 1.488 1.49 area with stop at 1.47. if eurcad should break this wedge looks likely to extend higher. just setting this idea out to get feedaback have some other eyes take a look
trade idea sell usdchf target .984 stop at 1.00
pound aussie possibly ready ro break from tje bullish wedge. targets are ro 1.786 and 1.72
CadJpy hitting the trend line. trade idea is sell stop at .817 wih targets to .8133 and .8097. stop at .821.
structure has developed well under .695 that feel comfortable now to place buy stop. targets .70 .725.