Hey guys, I’m back with some more ideas for the next trading session
First, let’s see how last time worked out
EURUSD – I recommended a short If the price holds below 1.1220. the price tried to hold below, but after an impulse it became clear that there’s no entry to be had
GBPUSD - same thing, the price reversed, so no entry
USDCAD – I recommended a long, but an impulse destroyed our dreams of an upward trend, by denying entry points
NZDUSD – same thing, the price impulsed the other way to my idea, no entry
XAUUSD – I recommended a long, and an impulse hit my first target
FB – I recommended a long, which worked out great, hitting both my targets
NFLX – I recommended you short, and the price spiked my first target, after reversing very confidently, reaching an all-time high
LMT – I recommended a long, if the price impulses out of the dynamic resistance, and I’d say the idea still works, so if anything stay in position.
That’s it for last time, let’s move on to today’s ideas
EURUSD – The price is close to an important resistance level at 1.13, I expect either a false breakout, pullback and fractal, in which case you can short with a target at 1.1240, or an impulsive breakout of the level, also followed by a pullback and fractal on the other side, in which case you can long with a target at 1.1350.
GBPUSD – Absolute same idea, the price is near a resistance at 1.25, either an impulsive breakout, and a long with a target at 1.266, or a false breakout pattern, in which case short with a target at 1.244.
NZDUSD – the price is inside a level at the moment, this could also go either way. Look for a breakout pattern or false breakout pattern, and enter accordingly with a short target at 0.64 and a long target at 0.6565
XAU – the price is in a range right now, so we wait for an impulsive breakout, and then enter in the same direction, long target at 1790, short target at 1740.
Oil – the price just broke out of a level at 40, if it manages to hold above, long with a target at 41.50.
ADBE – it’s looking strong right now, like most of the stock market, very bullish. The price just broke out of a resistance 437, and is trying to hold above, you can long is it manages a few more candles with a target at 448.
AMD – The price got a bounce for a support level at 49, right now its inside a resistance around 52 if it manages to hold above, long with a target at 55.
That’s it for today, I hope you found this useful. Have a good one.