Good Day Traders!
For those who followed my previous post must have made tons of money shorting crude. So what's next? Will Crude follow SP500 and fill the gap? We don't think so and here is why:
Link to my previous post :
Dow has gone up near to 15% from the lowest last Friday. Use that figure & add a standard deviation of 2% (we have 17%), and put that in...
The price went down in a parabolic pattern and reached the bottom which was at Fib 0.786. Indicators showas a possibility of huge growth from this point. If points 1 and 2 are confirmed then we will have a great possibility for 5-Elliott Waves pattern to be formed
Trading heavily on EURJPY right now.
USDJPY also an option howerver technical analysis here matching up something lovely!
Fib wedge and a clear trend channel line touch to chase after.
Going and have gone yesterday very LONG here.
Lets make profits
So looking at the Long term Medium term and Short term trend analysis for GBPUSD here on my chart you can see the current sideways pyramid structure forming our current price point and pressure zone.
Based on the key events to come my belief based on all current knowledge of current affairs, political/economy/geo-political issues, my take on GBPUSD value is a big...
Seeing as today is Canada day (sorry), and it's about to be a big fat 3 day holiday in the US my view is that everything US is going to rise today in value in preparation for the break.
In the case of the USDJPY I am currently now open with 100 points in fx spread LONG with the red horizontal ray at 102.3 dictating my stop.
Not really sure how far I want to let...
