USDCHF recently break my resistance zone at 0.6960, now formed a pullback. In this situation there may 2 possible outcome, either breakout, or reversal, if price being rejected at recent support, we will continue long position target 0.9900 of price break support, we will wait a pull back, then a short position target 0.9470
Once the price is able to make a breakout, we trade the breakout. Downside target: 121.00
Forming 3rd wave, waiting price to break the channels, a correction, then we will start long
Gold we forecast to formed the 5th wave. wait channels breakout to confirm signal
Price hit support level, but rejected quite a few time in 4 hour chart, if price could break the trend line, we would long this position after the pullback of the breakout, direct target to 1.2870 and stopped at 1.2460
Price is clearly finishing the 4th waves and going for the 5th wave. after completing the 5th wave, in Daily timeframe the price will formed 3rd impulse wave, around level $50.00 we can clearly see there is an AB=CD pattern inside the 4 hour chart time frame. So once H4 Chart AB=CD pattern formed, we will start looking for short position to $44.00 - $42.00...
Once Price able to break this channel, we buy at the correction of the breakout. Target 1.5665
The price has consolidate for 20 hours since yesterday RBA Cash Rate. Waiting a confirmation breakout.
ABCD pattern formed and believe that the price is current at distribution phase, Shorting Position now downside target 1.8840 and 1.8630 Stopped level 1.9415
The Fibre price in daily chart formed an symmetry triangle pattern, the price currently hit key resistance zone and waiting further direction, either breakout or reversal. will continue update this pair
Bearish Cypher pattern. TP: 0.6910, 0.6870 SL: 0.707
Bearish Bat pattern on H4 Gold. Short position triggered TP 1248. 1232 SL 1294
Elliott 5th was formed, what we expected is the price will go long for 12 weeks. Profit Target: 2.1515 Stop Loss: 1.9733
X-A-B-C leg formed, waiting price to form D leg at 1.618 fib extension, then we will wait candle formed reversal and start shorting this pair. TP: 0.9574 SL: 1.0386
We waited this pair to form the pattern quite long time. But it's worth the wait. We have 3 confluence to short this pair. 1. Reversal candle appear in D1 TF. 2. Price has come to resistance zone. 3. Bearish Crab Pattern. Target level will be at next support level: 0.9520 - 0.9480 Good Luck! Happy Trading~~~
Bullish Crab Pattern that found in the daily chart of WTI Crude Oil. A lot of researchers analyze and predict that the price target should be 25 - 20 per barrel. But with the chart, I predict that the price is time to retrace awhile before continue reach $25-$20. Target will be set at $38 as from Fibonacci Retracement 38.2%, the origin point of X.