AUDUSD to take a break and for traders to take some profit.
After ECB and QE, I think we are looking at dax top. We Saw a 14% move from start of 2015, and its time to go back.. My view is based on PA and fibs. Target is 10200 maybe even as low as 10000 for a retest. Happy trading. Joey
Think 1.53 is the target for me on this pair. Dont know if im right or wrong all i care about is the process i can control. 1.55 is THE price for GBP but i think it will go as low as 1.53. Look out for your longs on this pair, i see mulitple signals on PA for this to go lower. Happy trading
Its been a great year for the german index Dax. However i still think we will end the year 2014 below the 2014 open 9600. If i look at all the data on dax the past year, i feel the need to see dax hit 9000 by the end of the year. WHY, look at all the fib levels respected in dax over the last year, and try to figure out why i have 9000 as a target. Happy trading Joey
As posted on DAX I find that its time for DOW to take a timeout. If we break 17500 monday the drop can be really strong and fast. The rally on daily came so fast that I think this market is way way way to high and profits will be taken. So be careful. And take your profit.
At start of the year 2014 i posted a comment on DAX. I was sure that we would be trading below 9600 at the end of 2014. However, been following DAX all year and had some really great trades. Now I'm looking at DAX again but to find the lowest place for DAX to end year 2014. Here are my targets. I think we will see 7400 if the drop starts within the next to...
Its not to late to enter market on this bat. Target 1 @ 1.0952 Target 2 @ 1.0933 Stop @ 1.0990
I will be looking to buy this pair - if we break above the trendline, AUDCHF put in a nice RSI divergence but still not broke the trendline, why im not in yet. I will take profit a little by little against the traget if my order gets filled.
The push we had on the USDJPY looks to me will continue. I think the coming week will be red for this pair. Pirce is also closed below 200MA. MACD confirms bear move.
Entry long on the break of the trendline Stop @ 9000 Target 1 @ 9233 Move to breakeven on T1 Target 2 @ 9569
I will trade the C to D leg long to 94.30 then the Cypher is complete and then I will short to T1 @ 94.09 then for T2 @93.97 Stop on second trade - the Cypher trade goes @ 94.51
Enter market Target 1 @ 1.3606 Target 2 @ 1.3753 Stop @ 1.3334
As I see DAX and SP500 it looks to me we had the correction. It was profit time and now we look for new portfolios to be filled on the stockmarket. Time to follow the the run. Low risk trade and if we break lower. Im looking at 9100.
Looking like we will see 1199 on gold soon if we should follow the gartley pattern. Entry @ 1200 even Target 1 @ 1273 Target 2 @ 1319 Stop @ 1170