Setup: Price just broke out of the all time high around the 7.173 area, retested this area and showing signs of further strength to continue the uptrend. We enter at current price levels, set a tight SL under the 7.17 zone and aimed TP at the 78.6% Fibonacci expansion level.
Setup: In correlation with the rest of the GBP pairs and the current political situation in the UK, the 130 resistance (area) has been tested for the past week failing to close above it.. prices are also closing in on the strong and steady D1 downtrend line boundary which can indicate more volatility and bearish entry opportunity soon.
We set up a short trade...
Setup: Prices are following a very strong and steady D1 downtrend, as well they're testing a strong H4 resistance zone that hasn't been breached over the past week. Additionally a triangle formation has formed between the correction upward line and the main daily trend. I expect prices to breakout from their current positions downwards, so I'm setting up a short...
Setup: Prices are nearing 2015 lows indicated with the two parallel horizontal white lines, we see signs of weakening bears as we approach these levels, signifying a possibility in a trend reversal. So, we set up a long entry at the edge of the H4 channel area coinciding with the 2015 lows, aiming initially at the first area of H4 resistance, with possibilities of...
Setup: Price broke back into the previous week channel, and heading to test the edge of the H4 uptrend channel; which validates why the overall sentiment is still Bullish for Gold. We enter close to the edge of the channel, H4 trend line with a TP set at the high of the week and larger SL a few pips below the pivotal zone of $1492 to ensure we don't get stopped out.
Setup: Price is testing the edge of the H4 uptrend channel, forming a double bottom, this coincides with a resistance turned support level on the H1. We enter at current price zone, TP set at the high of the week and SL a few pips below the latest rejection.
Setup: Price has been testing the H4/H1 downtrend line failing to close above it, forming a triangular channel. We enter at the next bounce off the line, setting the SL at the previous high and TP at the psychological level of $54, with a possible extension to $53.11
Setup: Price is approaching the H1 respected downtrend line, where it repeatedly bounces off. CAD is closely and positively correlated with the oil prices which is witnessing a continued steep fall so this could factor in the expected decline of the CADJPY. We enter at the current zone, set a SL above the previous high and TP at the previous lows with a possible...
Setup: Potential start of an hourly downtrend. Hourly downtrend line is being tested at its the third point coinciding with the 50% Fibonacci level, stepping down from the 61.8% level. We enter at the current level with a SL slightly below the 61.8% level and a TP of the 78.6% Fibonacci expansion level.
Set up: Oil prices are testing the daily down trend line which coincides with a strong zone of resistance. SL is set at the high of last week (57 area) and the TP at the lows of the last week (53.8 area)
Setup: A confirmed down trend and a downward channel on the H4, price has showed a rejection (pin bar) off the edge of the channel, which coincides with the 38.2% fib level; additionally the RSI is at an overbought zone. TP is set at the bottom edge of the channel, SL is above the pin bar.
Set up: A confirmed 4 hour downtrend, price broke the very strong support at the 82.67 level and now heading to retest it as the new resistance. This level coincides with the Fib 61.8% retracement level which I predict will be the zone of which this retracement will end and price will continue the downtrend to the 81.00 level at which I've set up my TP. SL is...
Price showing good rejection signs at the edge of the confirmed H4 channel, coinciding with the daily resistance at 0.67200 (area).
Entry at current levels with a SL few pips above the tail of the high or above the mentioned resistance zone. TP areas are at the other edge of the channel.
Setup: Rejection at the confirmed daily channel (4 points) + rejection at the 61.8% Fibonacci + RSI > 80
SL: Slightly above the 78.6% Fib level
TP: Aiming for 1:3 ROI, initial TP at the intersection with the bottom of the channel.