Follows my last thought process. Current market is very hard to predict. Take precautions.
Watch the data for NFP closely expecting positive data could break out of the structure and retest any support area. Before dropping i expect a test of the support now turned resistance around 2054.59. Then dropping to 2039.19, 2026.74 to then retest 2039.19 and drop to 2014.29, 1996.57 or even lower to 1974. This is a prediction, a change in global banking...
Will Monitor, depending on data this may be a great area to short, my previous chart indicates it broke my trendline, and should therefore retest around 2002, if data is positive it could break the previous low of 1980s.
As soon as it hits my trendline, i'm going in for a good short here. Risk management.
Take a buy at the bottom red line, sell at the top line, with tight stops according to your risk appetite.
Risk Management (I'm a mad man) I have indications of a spike up. Trade according to your risk.
Before the next opec meeting, i will be entering these two buy limits for a long swing trade. 1. I'm certain another opec cut is in the cards, no way the big players are going to let this downslide run. 2. Summer months, hopefully economy starts to recover more people going out = more fuel ... prices for oil naturally go up with demand. 3. Fingers crossed...
This should be a great trade, to fill the gap monthly confirmation of downwards bias is present. Wednesday's US Oil inventory will play a part hoping for a green negative figure.
I believe the market will turn now that liquidity is present, short positions may be added here. Lets see.
Risk Management as always, tight stop loss. Lets see how it plays out.
Hi All Risk management as always. 2 Win Streak, lets make it a third.
Lets see how this trade goes, as always risk management. This is not a market execution.
Buy Limit Set for the support. Lets see how it goes!
Buy limit set. Ensure risk management!!!. Lets see how it plays out.
Hi guys, Going for a long here when looking at the higher timeframes a big support region for upward push. Holding 1-2 weeks.
Take good risk management as with any trade avoid leverage!!! and get into a profit streak :)
Risk management as always!! Long on GBPAUD from this point
Great RR, risk management is key confirmation of upside movement in my books.