GFA is forming a possible fallen angel formation. It had a huge decline & now seems getting some upward momentum. We think it has good upside potential if it can break above $7.07 * Trade Criteria * Date First Found- June 13, 2017 Pattern/Why- Fallen angel pattern Entry Target Criteria- Break of $7.07 Exit Target Criteria- $9.63 Stop Loss Criteria- $6.33 &...
As gold made a LLLC (lower low, lower close) we should expect a retracement occurring next week however it is not certain as FOMC and major events are also aligned on next week and also on May. So that's something you should be aware of in terms of the fundamentals. However, on the technical side, I'm suggesting that a retracement is occuring due to the...
I've learnt a lot from @AkilStokes on his Trading Workshop and tried to apply his rules on this potential short on dollar/yen
stops need to be below previous structure and profit targets we could at least retest previous highs which is around 120.5x
Range bars and potential buy / sell opportunities coming up soon. but personally i would wait for a retracement up back into 1.064x region for a sell. or if it dives lower i would purchase at 1.052x region stops goes above the channel lines +20 / 30 pips (to prevent stop hunters or long wicks) We'll see how it plays over next week Kanchelski
As the pair narrows, it's possibly to see a break (preferably downside) if this pair does advances towards the upside, it would also signal a potential triple top test. that would also be your selling opportunity. as NFP's approaching next week. we'll see how this pair plays coming into early April.