Fibonacci tells me it would go at least 38% retracement range of 2685..
I think a short trade placed at 2710 with stop loss at 2715 and profit target of 2685 would yield more than 1:4 risk to reward trade..
Disclaimer: this is no recommendation for any trade. I am using it to track my paper trade prediction performance
As you can see on weekly chart of gold futures GC1! It has bounced off 50% Fib level. Is it going up to 1338-1340 price point before it pauses again?
Note, I used some nice tools on the chart that tradingview provides. I have added fictitious trade to show nice risk to reward if entered at current levels.
This is not a recommendation or advice to trade. It is...
Will EURUSD will make 100 pip move upwards next couple of days? Hard part of currency is to estimate how far against it won't go. Safe estimate is it shouldn't touch 1.09750 price point before it touch 1.12000 target price. Now the risk to reward may not be good enter now. So I would wait for good long entry setup..
This is neither a recommendation nor advice to...
USDCAD still has some more room to go down before it starts march upwards for the month. Could it happen today? Or may be Monday?
This is neither a recommendation nor advice for any trade. It is my own trade journal to improve chart reading skills and validate price predictions. Typically my target price is supposed to hit before hitting nearest swing low/high...
Looks like FCX price linger point may be around $11.20 - $11.50. This is neither a recommendation nor advice for any trade. It is my own trade journal to improve chart reading skills and validate price predictions. Typically my target price is supposed to hit before hitting nearest swing low/high (depending on if price prediction is long or short)
In next few hours EURJPY will hit 125.150 - 125.160 target and may continue uptrend even another 100 or pips upto 126.400. This is not advice or recommendation for any trade. It's my own trade journal to keep track of accuracy of chart readings.