GOLD IS IN HIGH OF 2013 STEP 1=ONCE IT BREAK 1563 THEN THE TARGET 1 = 1578 STEP 2= AFTER BREAK THE 1578 NEXT TARGET 2 = 1587 IF THE NUMBER 1587 REJUCTS H & S PATTERN WILL FORM OR IT BREAK THE TARGET 1587 STEP 3 = IT WILL REACH 1611 AGAIN AND FILL THE WICK DOUBLE TOP THERE AND HEN FALL DOWN
A long term trade, its a great opportunity for risk takers with at least 60 pips in profit. Stoploss around 34 pips with a 1:2 ratio in profit Macd is showing selling pressure with RSI also showing divergence The strong Resistance level is between 1.68-1.68100 which can also play as a rejection level, moreover strong support is around 1.65900. NOTE- DYOR...
If price doesn't surpass the double top resistance, expect the pennant to break to the downside, targeting next support.
TODAY IN THE UK THE INFLATION DATA WILL BE RELEASED AND I SEE REASON TO BELIEVE IT HAS DECLINED. ALONG WITH THE BREXIT INFORMATION I EXPECT THE INFLATION NUMBER TO BE AT AN EXTREME LOW. IF THAT TO HOLD TRUE THEN WE WILL SEE THE UK PAIRS SUCH AS EURUSD AND GBPUSD SHOOT TO NEW HEIGHTS
WAITING FOR A PULL BACK ON THE CADCHF THEN A PRICE ACTION CONFIRMATION ON THE 4H
After the break of the ascending trendline on Friday, next week we will be looking for a correction and after that maybe a continuation to the downside, the best place that we can think of to start a short position is going to be YH around the 7120 area, around that zone we also have some structure, as well as the 61.8 fib retracement. Please keep in mind that...
Another Support has broken - next one 1.028 (longer term). But, think, bounce is very likely before...
This is a short term bullish head and shoulders pattern, it's clean and working well, there's plenty of time for entry and the move up into 114.50 area. Stops should be below the right shoulder, target at 114.50 and entries around 113.90/114.00 Let's make some pips. Done. Period.
Long term trade good risk reward ratio.
sell the breakout. i will be watching oil, cause in a bigger picture as you can see price has been correcting so i am waiting for a fast huge move. most possible down, but we will see
Just entered this long along with the EURUSD Short. This is more of a correlation n channel scalping type of trade as i'm already went long, the USDJPY correlates accordingly with bullish momentum. As for price action, the bigger timeframes all show it is going higher but over the last week it hasnt really done much. If price breaks higher above the red box,...