After breaking out of the bullish triangle, FX_IDC:XAUUSD shot up to the 1260 level. Its flight was halted because of the previous support turned resistance that was broken after the Trump Victory and not only that but 3 Moving averages from the Daily, Weekly and Monthly time frames. In my opinion FX_IDC:XAUUSD will have difficulties breaking this level so...
After it broke and consolidated above 113, FX_IDC:USDJPY is looking to be another good long. Let's see if it can challenge the previous high at 114.8. Entry: 113.251 SL: 113.2 (Changed to break-even 113.3) TP: (tp1)113.9 (tp2)114.45 (tp3)114.8 Any feedbacks are appreciated!
FX_IDC:XAUUSD formed a double top and failed to retake the 1240 level after. Lets see how low can it go in the meantime. Entry: 1236.36 SL: 1238 TP: (tp1)1229 (tp2)1222 (tp3)1216-1214 Any feedbacks are appreciated!
After breaking out of because of the "Trump Tax Plan" news, FX:USDJPY failed to follow up the bullish momentum and broke not just the 50ma but also the support level at 113.50. Short Entry: 113.494 SL: 113.6 TP: 113(possible the price will bounce off the 200ma)-112.470 Any feedbacks are appreciated