Short XAGUSD at the end of the AB=CD move around 18.900.
At 18.900 we see resistance. Wait for an reversal pattern on minimum the 1 hour chart.
Stoploss goes above the zone, and take profit at minimum 3 to 1 risk/reward
Lookout for price action around these zones. I will be looking for a reversal signal on at least the 1 hour chart.
Remember, the overall trend is bullish on the daily chart. We have both strong support and a important fib level at both zones. Remember, a risk/reward at minimum 3 to 1 as always!
Price just finished a gartley pattern, and have made a retrace back to 78.6 fib level, which is also the trendline on the 4 hourly chart.
Long now, with a risk/reward on minimum 3/1. Find your target at a higher timeframe, and set your stoploss on the 4 or 1 hour timeframe!
Long USDJPY at 105.343. This area is previously support & resistance, which is met at the end of a AB=CD move
Great Risk/Reward. Look out for resistance at the dotted line.
Watch price action as always