Before the FOMC's meeting,the price make a little new high but drop down quickly, the vally price looks weaker and weaker wait for the pullback to 1.1240 zone ,the neckline of the previous structure there are two target of this trade ,step by step to see the change of the market. good luck with care !
the price make a new high yesterday , but meet the previous resistance level ,drop down quickly. now,there is a little rebounce ,it means the drop down will be continued. there is a trade model ( trade the top and bottom). wai for the pullback at 0.7220 zone. plan to short the nzdusd pair.
A: the previous structure level. B: 618 fibo retracement C: pullback to the trendline level focus on 1258.00 area,plan to short.
MARK THE GOLD ,WAIT AND FOCUS THE PULLBACK LEVEL.
the previous support level. a potential bullish BAT pattern focus on 0.9630 area,plan to buy this pair.
the vally channel, a potential BAMM pattern ,plan to buy at 0.8527 area. a potential bearish BAT pattern,plan to short at 0.8730 area.
the new high but quickly drop down last night ,the price will have a bigger time frame retracement next week. plan to sell the 618 fibo pullback also the previous structure.
a mini trade today there will be a potential bullish AB=CD pattern complete @ 1248.00 area.
The reason for short plan trade: A: the previous structure resistance at 112.00 B: a AB=CD pattern completed at 111.95 C: a Butterfly pattern complete at 112.05 so,plan to sell the usdjpy pair today.
plan to buy this pullback next week. a potential shoulder and bottom pattern.
plan to buy the crude oil next week ,48.50 to 48.70 will be the buy zone. there will be a potential Gartley pattern in the 1H chart complete @ 48.50 .so ,this trade will have a good RR rate . good luck.