Perfect sniper entry on EJ. As predicated the previous lows were tested creating a double bottom. now looking for some recovery on this pair.
Oil could go either way. Personally I'm in short for this trade and have been since last Thursday.
Looking for another touch of the 4hr trendline. then a drop all the way down to 1250. medium term target possibly a few weeks!
After catching 150 pips on OIL yesterday, hitting the exact reign i mentioned in my post yesterday. I'm now in short, looking to see this pair hit support again and test the 4hr trendline.
This pair has broken then support that has been holding for days now. Retest of that reign the a big push down to test the weekly trendline.
Respected the small 4hr trendline. Still consolidating on the daily but a push to the resistance will make this around 100 pip trade.
Expecting a bigger push to the downside coinciding with a bounce of the weekly trend line creating a new higher low. then finally a big push to the upside with a touch of the ascending trend line creating a new higher high on the daily.
Head and Shoulders pattern on the hourly time frame. I'm expecting a big push to the down side therefor breaking the neckline and heading down towards 1306.
On Friday after a few days consolidating Gold retested a major support level of 1235, i believe this will be attained once more before . Now I am looking for more upward momentum to hit a target of 1265 then eventually 1300. I believe with the stock markets taking a hit the past few week Gold will gain more strength and fulfil the 1300 target.
USD CAD... I'm looking for a break of the upward trend then a retest back to the support of the upward trend. Once that has been achieved I'm confident that 1.2800 will be achieved in the start of the new year.
Very knew to analysing the charts. I caught 37 pips today. I would really appreciate some guidance if possible!