Gold rose nicely yet approaching the resistance zone. Short price signals formed on 1hr, 4hr timeframe and it looks like a price signal is forming on the daily.... so I've entered on the sell-side. ATR: 14 2N: 29 ENTRY: 1352 STOP: 1381 R1: 1338 R2: 1324 R3: 1309 Hmmm... I am developing a contrarian habit because the line of least resistance on gold is up!
EURUSD is currently ranging in the 1.2323 – 1.2538 Box and am still in my short position since 26-Jan. My concern is still: "It's a bull market you know!" I’ve updated my stops distance as I’ve re-calculated ATR according to my entry. ATR: 0.0092 N: 0.0184 ENTRY: 1.2474 ENTRY DATE: 26-Jan SETUP: PRICE ACTION STOP 2N: 1.2843 STOP 1N: 1.2659 R1 : 1.2291 R2 : 1.2107
Ford has been breaking out from a major long-term downtrend and has been moving upwards since 18-Aug-2017 from $10.46 and the currently ranging at $12.04 and 12.13. However there is a pinbar on the 4th of Oct 2017 and there is no sign higher movements at the moment. So Ford might be consolidating from this rally. Action: Watch $12.50