Political tensions between US and Russia and the uncertainty in the Eurozone affected global markets yesterday. Investors were seeking long positions on safe havens such as Gold and the Japanese Yen. Gold was up $17 yesterday, it has now touched the 1.618 Fib level of the December to January 2017 rally.It acted as a nice resistance and I see the metal correcting...
1) Morning star candlestick pattern at support 2) positive RSI divergence Buying above 125 with 107 sl for 155 - 175 targets
rounding bottom and potential J hook with excellent risk reward. TGT, SL in chart
$TLT Gap Fill out of Triangle see stops targets in graph
Main Variables: Bank Interest Rate, Consumerism Basic description included in chart
A couple of weeks ago, I published an idea in which I was bearish on gold. However, gold has refused to fall. In fact, the dollar has fallen sharply and gold is acting as if it is being absorbed for a higher rise. Of course, I'd like to see gold take out 1375 before I get too bullish but as of now, this is no market to bearish of. Probably the best move for the...
Annnnd we're back with another fire ass long opportunity after just wicking a daily support zone. Lucky you. Those who are scalping with larger lots can wait for a bounce for an even better entry, but I'm already in... I know.. i'm that nigga. You're welcome.
$FIT has been holding support, will be watching for the break of previous day high for continued momentum
So USDJPY has been grinding down the price levels for some time now, here is a simple profitable set up for a further short scenario. Take a Short from here and hold. 101 is my personal target profit take and I suggest if you follow that you do the same. My stop is set at 106.600 Time duration of the trade I would expect to be no longer than two weeks at most....
PROBABLY OIL ISN'T GOING DOWN, MUCH MORE. BE CAREFUL SHORTERS!! FOLLOWs , LIKEs :) THANKS!
Does it get any better than trading on EURUSD on the NFP Friday? With such strength within the US market and such instability within the European sector we strongly recommend you get in on this action today. Short term signals are very SHORT based. Everything long term from end of day and end of month is all LONG. Get in touch for more banter!
govt looking to tigthen up on payday lending practices. once break of support could visit the 200ma or the next fib level
The pair has broken a strong trend line which has held since May 2015 , price has now retested this and bearish momentum can be seen to be resuming. Waiting for daily close for entry for shorts to Target 1
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :) - Just as the GDX, we have a beautiful parabola, followed by an attempt to go to 1180, which was rejected by the bulls - This creates the bull flag / pennant that was see now, which was...
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FXMM continues growth after breaking 1220 resistance. It is building a bullish 5-wave pattern unless it breaks below broken resistance point (dotted red). The bullish momentum can mark the start of the new uptrend that can last for several years and most likely complete wave 5 at 1.618 fib level(1301.09). A bullish breakout above this level could see wave 6,7,8,9...