NicTrades

NicTrades

USDCAD has made a bearish ABCD rally from the May lows into the 50% retrace of the entire decline from January at 1.3575. I think this is a sell on reversal price action and the target is 1.3020

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XAUUSD daily bear flag breaking down and losing 200 day MA after election rally. New lows target 890 but short term targets 1210 and 1270-80.

NicTrades

AUDUSD has been stronger than opther majors but might be about to do some catching up. This pattern is a trend continuation short entry for another leg lower to around 0.7550.

NicTrades

EURUSD ABCD rally that terminated this morning and reversed is corrective and targets new lows at 1.06-1.0660 the ABCD target from the May 2016 highs. Interim support at 1.0790 and 1.0730 (major).

NicTrades

ZN bullish ABCD and bullish bat pattern into election results (which could ruin it). This is bearish USDJPY.

NicTrades

Cable has been trading within a triangle pattern since the end of June lows with slow overlapping waves and respecting Fibonacci patterns nicely. The Mid August low was also a bullish harmonic pattern. This harmonic bat pattern support at 1.2914-36 has us looking for a bullish reversal or bounce at least back to 1.3137 . This trade idea is wrong below 1.2850.

NicTrades

If 80 holds on a retest I like this as a harmonic (Fibonacci) bat pattern long set up. The long idea is wrong on a close below 67.45 and targets 145 175 and 217.

NicTrades

AUD data tonight could send this pair down to 1.0270 where I am looking to buy AUDNZD.

NicTrades

AUDNZD 4hr bullish Gartley pattern. The NZD is very rich compared to almost every other currency. like this pattern because of the really good ABC symmetry from the July highs and because it is less likely to be affected by Yellen/Jackson Hole today.

NicTrades

Inverse head and shoulders pattern needs a daily close above 3.725 to confirm Pattern target is 6.625 Longer term fib target 10.10

NicTrades

There is a risk CTAG3.54% needs a two wave correction lower from the June highs. The sharp reversal at the 0.886/2.618 Fibonacci target at 6.5 is the most likely fibonacci confluence level for a lower high and a second leg lower. Close below 5.6 confirms and targets 4.75 and 3.70

NicTrades

There is a risk CTAG needs a two wave correction lower from the June highs. The sharp reversal at the 0.886/2.618 Fibonacci target at 6.5 is the most likely fibonacci confluence level for a lower high and a second leg lower. Close below 5.6 confirms and targets 4.75 and 3.70

NicTrades

Nice breakout this week after long bottoming process for this bullish pattern in the goldminers. Bodes well for shiny metals