Look for longs once consolidation Structure breaks
XAUUSD finally seems to have carved out a bottom and could rise back to the top of channel if it continues to break past resistance @ 1758. Once Price tops out near or @ 1868 - 1874. We may short the pair again and sell all the way down to 1672-1688.
Is the Green back ready to pullback. It has managed to post two Hammers in last two days and is currently holding above 152.00 support area. Possibility for a pullback is definitely there as room to the upside is present, alternatively if price pushes past 152. We could continue to see further new lows around 150-148.
Long XAUUSD @ 1740.5 Target @ 1754 & 1770 Stop @ 1730.80 Wait for confirmation by break and close
The fact that we now have a breakout a potential impulse move in place. I recommend being long on it. Bought @ 0.7238 Target @ 0.7316 & 0.7464 Stop @ 0.7150
SETUP # 1 ( Impulse Wave Scenario ) Buy XAUUSD @ 1739 Target @ 1744 & 1758 Stop @ 1731.5 SETUP # 2 ( Corrective Wave Scenario ) Buy XAUUSD @ 1716 Target @ 1740 & 1758 Stop @ 1707
Looking for long around 0.7110 Targets @ 0.7298 & 0.7450 Stop @ 0.7052
In this video I have taken a look at NZDUSD & AUDUSD overall price movement and trend from Day timeframe all the way down to H4 & H1. Did a quick break down of key levels and current price structures and discussed potential trading setups and price movement in the coming week. Please give it a thumbs if you like my analysis or agree to it to certain extent and...
Pretty risky is the business of marking out tops and bottoms but here on this chart and even riskier to trade just that, today we will discuss why it could be likely that Pound may lose steam and start to fall against Yen from a technical standpoint. Now before we continue. I want to highlight here that is in no way to be considered a trading setup. This is...
GBPUSD Long Setup Long @ 1.3872 Target @ 1.4000 & 1.4174 Stop @ 1.3796
Broken Wedge Long Setup Buy XAUUSD @ 1721.50 Targets @ 1740 & 1760 Stop @ 1700
Overall Pound retains its bullish trend against the greenback and in light of the current Short term & Medium term bull trend we will look to buy the dips. On H1 & H4 there is one setup that I have pointed out that looks good in the pre-market analysis. Lets see how it turns out. Long @ 1.3900 Targets @ 1.4030, 1.4100 & 1.4330 Stops @ 1.3830
Reasons to Buy 1. Trend Line Support 2. Resistance Turned Support @ 141.20 3. 200 Period M.A Support 4. 1:2 Risk to Reward 5. Support Trend Line Test 4 Times Since 22nd December
Setup # 1 Short @ 1814 Target @ 1794 Stop @ 1832 For Entry on Correction Setup # 2 Short @ 1842 Target @ 1794 Stop @ 1880
Long on breakout around 1898 - 1900 STOP @ 1852 TARGET @ 1930 & 1964
SETUP # 1: Looking for longs @ 1.3246 Stops @ 1.3118 Target @ 1.3460 In case price dives with a deeper corrective move lower then we can opt for setup 2 SETUP # 2: Looking for longs @ 1.3162 Stops @ 1.3069 Target @ 1.3460
Pound is currently correcting lower within an uptrend. A good area to get back in for a long position would be the 38% retracement level @ 1.2970 with stops around 1.2916 area.
Eur has continued to rally within the short term bull channel but it is approaching resistance fast. Bulls may start to lose steam around 1.1422 & 1.1444.