Looking to go long on AUDCAD. If we see wave (X) fully form and begin gaining momentum off the 61.8% retracement level (0.96028) we will make our long entry, a second long position will be added when we begin rising from first entry to 0.96149 (second entry). Second entry will be exited at 0.96684 whilst having 1st entry modified to break-even on stop. 1st entry will be closed in full at 0.96809 which may take a few days to fully form in our favour.
Pending long position for AUDCHF, we expect price to make clear rejection off our MA + fib level to confirm our long entry on the pair. Once we have ourselves positioned we will take our long position to 0.67140 for a full exit.
We are looking to go long on Gold if price reaches our validation level of 1911.070. Gold continues rising for 4 months straight acting as risk off for market participants. Once we've entered our exits will be set at 1935.247 which has been strategically set around a trend based .50 level.
Gold price volatility over the last week two weeks has likely kept commodity traders on their toes. The precious metal soared 4% last week in what initially looked like a topside breakout from the three-month long consolidation pattern. However, gold prices pivoted abruptly lower on Monday to erase those gains and then some. This reversal seemed largely fueled by US treasury yields exploding higher in response to election results as well as coronavirus vaccine headlines.
AUDUSD. Currently waiting for rejection of our 61.8% fib zone in connection with our daily MA closing into the same level. Both technical levels combined make this a very solid support zone . An entry from 0.76425 could see a full swing to 0.78025 which would be a 162 pip gain.
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XF TRADING
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XF TRADING pinned «Hello everyone, we’re back! We’ve not been very active lately, but we’ve been working hard to come up with new valuable content for this channel. Expect to see huge growth in this channel along with great chart setups and free trades making our members a ton…»
Trade Reference Number: 1003
We are awaiting 2 confirmations before entry on USDCAD, first confirmation will be retracement back to 1.28789 our structural resistance + pivot zone. The second confirmation before making the entry safely will be a close below the 4-hour trend (Coordinates = 1.22525, 1.28443).
Once entered we will have one take profit in place at 1.23739 at our next fib ext level.
NOTE OF INVALIDATION:
Do not enter trade if you see 4-hour candle aggressively cross 1.28789.
Do you want to receive notification of when to enter and exit this trade setup (stop loss included)? Tap here
We are awaiting 2 confirmations before entry on USDCAD, first confirmation will be retracement back to 1.28789 our structural resistance + pivot zone. The second confirmation before making the entry safely will be a close below the 4-hour trend (Coordinates = 1.22525, 1.28443).
Once entered we will have one take profit in place at 1.23739 at our next fib ext level.
NOTE OF INVALIDATION:
Do not enter trade if you see 4-hour candle aggressively cross 1.28789.
Do you want to receive notification of when to enter and exit this trade setup (stop loss included)? Tap here
Trade Reference Number: 1004
Looking to go short on AUDCHF if the following conditions are met; we are hoping to see the bulls take price up to 0.67929, once the price reaches the level we will wait to see some struggle breaking past 0.67929. If we see price struggle and close below the entry-level we will begin making our short entries.
Once our entry has been made we will wait until AUD drops to 0.65139 where we will take half the profit from and lock in the remainder stop-loss at break-even. We may see a slight reversal from this level back to our trend around 0.67182 before continuing down to 0.63370 where our full trade will be complete.
NOTE OF INVALIDATION:
Do not enter trade if you see daily candle aggressively cross 0.67929.
Do you want to receive notification of when to enter and exit this trade setup (stop loss included)? Tap here
Looking to go short on AUDCHF if the following conditions are met; we are hoping to see the bulls take price up to 0.67929, once the price reaches the level we will wait to see some struggle breaking past 0.67929. If we see price struggle and close below the entry-level we will begin making our short entries.
Once our entry has been made we will wait until AUD drops to 0.65139 where we will take half the profit from and lock in the remainder stop-loss at break-even. We may see a slight reversal from this level back to our trend around 0.67182 before continuing down to 0.63370 where our full trade will be complete.
NOTE OF INVALIDATION:
Do not enter trade if you see daily candle aggressively cross 0.67929.
Do you want to receive notification of when to enter and exit this trade setup (stop loss included)? Tap here
Trade Reference Number: 1005
We are looking to go long on EURAUD, but first, we have to wait for some bullish candle formation above 1.59257. If we see these confirmations appear we will begin making our entries.
Once our entry has been made we will wait until EURAUD to climb up to 1.66546 before taking 100% profit off the trade.
NOTE OF INVALIDATION:
Do not enter trade if you see daily candle aggressively cross 1.59257.
Do you want to receive notification of when to enter and exit this trade setup (stop loss included)? Tap here
We are looking to go long on EURAUD, but first, we have to wait for some bullish candle formation above 1.59257. If we see these confirmations appear we will begin making our entries.
Once our entry has been made we will wait until EURAUD to climb up to 1.66546 before taking 100% profit off the trade.
NOTE OF INVALIDATION:
Do not enter trade if you see daily candle aggressively cross 1.59257.
Do you want to receive notification of when to enter and exit this trade setup (stop loss included)? Tap here