Trader PriceActionJungle — Trading Ideas & Charts

Everyone and his dog is seeing this obvious idea...

, 1D

...so be careful. It may seem that trendline and resistance rejection combined with tight upward channel breakdown is a nobrainer short (it is), but it could give you hard times after initial reaction. People are still looking places for long entries with mid term investments and pullbacks are their favorite places to add. In order to get bigger move down (and...

When everyone else are bearish here is option for you

DE30EUR

, 240Long

PriceActionJungle

Dax broke down last week and people panicked. If you prefer bullish view for swing trading, here are two bullish harmonic pattern for you. First is butterfly which is smaller and second one is gartley which is much bigger pattern.

Bullish bat

XAUUSD

, 60Long

PriceActionJungle

Bullish bat on gold. Not the best one but good enough.

UK100: Area to focus

UK100GBP

, 240

PriceActionJungle

UK is still strong. New highs must be achieved or there will be sloppy range for weeks!

SP500 on a razor blade

SPX500USD

, 240

PriceActionJungle

SP500 needs to clear that resistance area quickly to the upside or else we will have another correction down. Keep your eyes open at the start of next week.

Strong silver

XAGUSD

, 240Long

PriceActionJungle

Silver already tested resistance area and strong move up neutralized that move very fast. Break out is very likely to happen and if so, long target is AB=CD move which has confluence with fibonacci area.