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Within forex gaps usually occur during the start of the market opening on Sunday evenings for some and this often creates brilliant opportunities to let the market close these gaps. A lot of the Euro pairs will exhibit a gap, trade with a stop but be aware that these gaps will eventually close so you have a high probability of a successful set of trades. Happy...
Observation on the 2 Daily chart shows some potential for the Dollar to retrace significantly to the pivotable area of 98- 96.5 area. Wait for a rejection of this top, if it closes below then enter shorts with stops above the highs indicated with a target of say 97 to be safe.
NGAS has been rampaging this year to new highs as demand for Natural Gas and its applications has made a sought commodity. With the long term monthly trend line broken, await for a close above this and with a break of the 3.5 mark to signal that more moves up head are forthcoming.
Keep you eyes peeled for a break, let it retrace and then enter longs for a long long time!
Looks like on the weekly Intel Corp could be double topping. I'm entering shorts with stops above the recent highs. If this takes out my stop then be prepared to enter in longs due to a break in structure.
AUDNZD has been overpowered by the Kiwi Dollar which has gone strengthened against many pairs in recent weeks.
Although I expect the Kiwi to gain further strength, this pair is due for a retracement and I expect a retracement towards the Monthly Pivot as a definition of fair price (to explain in future posts...)
Wait for a break above the trend line and then...