GOLD on a MASSIVE up trend looking to reach 1340+
On a daily time frame, GOLD looks set to reach the stars (1340).
Whenever the level 1320-1322 has been breached and the candle closes above those levels GOLD has always reached 1340+.
Likewise with 1340, If GOLD breaks through then we reach major resistance between 1348 and 1355.
USDJPY buy set up daily
Entry from support trend line up to resistance trend line. Support has held up very well since March 2018. The market has respected the Support trend line with numerous touches allowing the market to reverse trend.
As the market is reaching the end of the triangle, we're looking at UJ to push above levels 111.500
GBPCAD buy set up daily TF.
Buy for support trend line up to resistance trend line. The support trend line has held up very well since September 2017 with many touches across it. As GC is volatile i would recommend having a 3TP option available.
AUDUSD buy set up -
Market currently on a down trend on a Daily and 4hr time frame. However on 4hr market shape has indicated a falling wedge.
Which is a sign of a potential reversal coming up. Looking at the market to break out from 4hr resistance trend line and to go up to Dialy resistance.
However if that fails the next reversal will be at daily support of...
Plan 2 - GBPJPY
Buy from Support trend line up to resistance. Lowest support just about sits below the support trend line when the market will reach entry zone.
3 TP set up allowing more flexibility to this GBP set up. TP1 is already aiming at 260 pips alone. Option to close trade there and move on or invest properly and go all the way to TP3.
GBPUSD buy set up -
The market has resected the support trend line that has built up since October 2016 quite well making it a good entry for a buy up to resistance trend line. Multiple TP set up with TP1 & 2 on the chart. TP1 goal was to place it in between entry and TP2, it doesn't fit well but it will do the job as a TP zone.
EURNZD sell set up -
Market reaching sell zone around 1.171220. Resistance has held well many times with another opportunity to sell down to support trend line.
Two TP option -
TP 1 - First support trend line. 60 pip target zone
TP 2 - second support trend line. 130 pip target zone
Second support trend line isn't very strong with only two touches that could be...
AUDCAD buy set up -
The market is currently on a down trend since 18th Apri, market has bounced off Support and Resistance trend lines many times as i have pointed out on the chart. The market has now reached the green zone for a buy however the market has dipped below Support trend line and the weekly support and reversed of monthly zone.
Overall the trade is...
EURJPY buy set up - Daily chart
Daily chart, buy from support zone which sits around 122.530 and 122.570. Target for this trade is up to resistance trend line. Market currently on a downtrend for a bounce of Support that has numerous touches making it very strong reversal point for the market. This trade will last minimum half a month and can go on for a few...
EURCAD buy set up -
Two entry set up this one, buy on dip. First entry position is the dotted support trend line which has built up since 3rd May with 3 good reversals. Entry 2 is the support trend line which has been holding since 2nd April with major reversals ranging between 120 pips and 160pip bounce offs. The gap is between both entries is around 25 pip....
XAUUSD sell set up - DAILY CHART
Sell from resistance trend line to Daily support which sits at 1280. Entry zone is between 1302-1300.
Due to US-China trade deal the trade could potentially close premature.
NZDCHF buy set up -
Buy from daily zone (blue) up to resistance trend line. Support trend line is currently favouring Daily zone in terms of entry. Going back in histroy Daily zone holds quite well with numerous touches making it a very good support area.
EURUSD sell set up -
Market rejected off resistance trend line as US-China trade tensions continue, causing a spike up to resisitance trend line however, market pulled right back below 1.1250. Intraday is currenly favouring a short. Option for a muliple TP set up.