Pound still struggling against the dollar and looking like its going short looking for targets at 1.21500
short opportunity presenting itself on gold after some stop hunting earlier in the week. a close below the double top which has formed will present a short opportunity down to 1112.00 with nice risk reward
Pound currently showing weakness against the dollar. My longterm view of the pound is that it will see 1.1500 next year and aren't really looking for too many buy trades until it proves its got strength. However in the mean time it is sitting in a precarious position above 1.22500. A break of this level will see us down to new strong level of 1.2500 which has been...
Gold showing multiple rejections of 38.2 Fibonacci on 2 hour. Expecting gold to make new low at the 1.27 extension of previous big downward move, targets 1120.00
EURUSD is looking really bearish here as it is trying to hold on by the skin of its teeth. It's looking like it's going to be going short again after this brief retracement fizzles out. I'm looking for euro to come back up to the 38.2 Fibonacci of the last move down to look for multiple rejections to look for a continuation opportunity back down to initial targets...
For people who trade EURJPY there is a further bullish continuation setting up on the 4hour. we are coming back the trend line of the current upwards move which also fall in line with some Fibonacci confluence. if we can reject that trend line once more and close above 122.800 this will signal a buying opportunity up to targets at 125.500 with a nice risk reward
EURGBP is currently range bound. i am Awaiting a break out either side of range on the 2 hour to initiate either buy or sell trade. Downside targets would be a test of lower trend line around 0.826-0.82500 area Upside targets at 0.85000
GBPUSD has retraced and looks like it has stalled a ma major area of resistance wit several confluences halting its move. another 4 hour rejection of the 200 MA and if we close still below 1.2500 i will be selling this market back down to 1.2300 which is the last significant low. if we break that level then the pound could be in trouble
Bias for gold at the minute is short. if we can get up to around the Fibonacci confluence zones then i will be look for multiple rejections to signify were going lower. if we get the signals we could be heading down to 1120
a strong bearish close below 0.73700 will present a shorting opportunity for Aussie. a pull back with multiple rejections of Fibonacci will also provide good opportunity. see chart for targets
After FOMC yesterday dollar has now showed some expected strength. This market looks like it going short. I am currently stalking any opportunities to go short on this particular pair. An ideal scenario would be fro the market to pull back up to 0.71400 area where major resistance waiting in the form of Fibonacci and moving averages. if market can get up there...
eurgbp showing short term bullish potential after rejecting 38.3 fib of move down, 1.32 RR
Short trade opportunity for usdcad. market has just been rejected from 618 and showing multiple rejections to the upside on 2 hour timeframe. anticipating market to make a new low.
looking to short GBPUSD 1.28550 with targets at 1.26700. reasoning is explained on chart
Gold showing some stiff resistance around key 1160 level. It is currently displaying long opportunity back up to 1181 key Fibonacci area and possibly beyond before we continue lower.
Overall bias for gold is still short, but we have come up to so major level and major fibonacci confluence. I will be taking no short trades with targets beyond 1160 until that level is broken. for shorts back down to recent lows however there are a couple of decent fibonacci confluence areas to watch price around for shorts
If you seen my last Aussie post you would have seen that market did in fact come up into my target area and produce multiple rejections for an entry and is now in decent profit. However if you did not spot the opportunity then if the market can comeback up and retest the double top structure formed then a decent rejection of that level will also provide a decent...
Nice little in and out short trade on gbpusd this morning. in and out with just over a 1:1 risk reward, i entered in the morning just after the market pinned against 2.500 major key level at the minute with targets down at 1.2450 weekly key level. as you can seen price pinned and then plummeted after european news in the morning causing the market to drop just low...