Trend continuation trade Looking for a turn in fortune for the dollar here RSI well oversold and testing structure levels in an uptrend Trump overseas tour started off well Great R&R
I think this leg up may well be exhausted Inflation is a problem for the UK and any sign of the BOE taking notice with rates will mean trouble here downside looks fairly open to me RSI well overbought sold at 7505
Most likely gold has held up better than silver due to ongoing tensions with North Korea and the ever present conflicts in the Middle East. June gold failed at $1300 two weeks ago but has only retreated to $1255 so far. Still lots of instability out there and it's my belief Gold is a great buy for 2017 no matter what the outcome of this short term trade. I think...
GBP broke through 12650 we saw a clear sailing up towards 13000. That could be a key breakout point which could lead to higher action to at least 13500. Since we have stalled after the breakout we may see a dip towards the 12650 level. If so we will take a long hard look at a buy. One to watch...
Long here on break of resistance. Can get in now on re test with a good risk reward.
Short here on break of long term support. CAD looks strong across the board with potential support from Poloz this week, Inauguration of DT could also spark some jitters in USD. GL
Short here after no support at channel resistance GL
SIMPLE SHORT HERE RSI INDICATING OVERBOUGHT STERLING STRENGTH NOT GOING TO HELP THE INDEX OVER THE NEXT FEW WEEKS BIG TRENDLINE RESISTANCE 618 FIB ALSO IN PLAY
Very interesting pair going forward. Obviously very volatile driven by news flow for now around Brexit negotiations. In my opinion we could we some further weakness in the pair over the coming months. However over the longer term I think this will turn out to be a great buying opportunity as the uncertainty moves away from GBP to the EUR. Countless elections and...
Don't believe FED is moving rates anywhere too quickly Continued economic uncertainty worldwide Looks like it may have bottomed out here. Equally a move back to USD 1200 would not be too surprising (a lot of structure) My longer term outlook is a push to USD 1400 mid 2017
Entered this trade earlier today but didn't have time to publish... LONG @ 1.2834 STOP 10 pips below X so @1.2754 TARGET @ 1.2968
THIS IS A POSITION I TOOK EARLIER OPENED AT 7235 LOOKING FOR A NICE MOVE DOWN
RSI OVERBOUGHT PREVIOUS STRUCTURE SHORT MACRO VIEW POTENTIAL CHANEL FORMATION SHORT @ 1.4660
Have set a buy order here. Some Fib confluence and previous structure that could form resistence / reversal zone Buy @ 10800 SL @ 10745 T1 @ 10930
Nice short entry on structure. Risk reward 2.79
Double top followed by 618 Fib retrace. Sold at 21157. Stops and targets as per graph. Any thoughts please comment follow on twitter @angus0991
Took a little short here. Not only is there a gartley formation but simply shorting on structure (see yellow resistance)