AUDUSD short 0.618 pullbackWe just had a pullback to the 0.618 area i would wait for the macd line to cross to get that perfect entry!
PIP
Short copper 0.618 pullback in a major downtrendI would short this right away. With a tight stoploss.
GOLD HEADING HIGHER?Gold is just about to break a new high created since the beginning of January. A break of this level may send gold even higher. However I do suspect a suspect a 3 wave tracement slightly lower before going higher.
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Short EURJPY on the breakdown of the SupportSame play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links)
Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days.
Expected price target for this play is 130.90
EUR/GBP: Chart of the weekLast week chart: 2 WINS
Profitable pullback ( I don't trade these pullbacks )
Profitable movement up ( I made 95 pips )
We had a bearish engulfing candle on the Weekly chart + finished on friday with a shooting star candle, that closed under the resistance level of 0.712. This all happended after a break of the previous TL ( which can now be seen as the CTL) , since we bounce now for a 3rd time of a new,validated downwards TL.
I would like to see a test of the lows this upcoming week.
GBP/JPY potential patternGartley drawn in a best outcome scenario. 618 C was held so that makes me think we will have a reversal. PRZ is not that narrow and since its a Gartley pattern we shall be looking for the AB=CD to complete. Stop losses a few pips after the X, TG1 and TG2 are on fib levels and in the best case scenario we will have a trade with around 4:1 RR. Just stare at the chart it could be one of the great trades this year.
That's all, folks.
