abraham1298

abraham1298

Price has hit weekly resistance a 4th time. Waiting on a signal to sell. We are looking at about 60-250 pips drop according to how well price reacts

abraham1298

Monthly trend is about to be touched, we can start seen alot of bullish movement from AU if this trend is respected a fourth time.

abraham1298 Updated 

We have some technical factors to our favor, Trend line, Fib Level .50, candle climbed to 50% of the wick before retracing & retesting resistance.

abraham1298

If the support zone is respected we can expect the price to drop about 110, i will be putting a Sell Limit trade at 1.29375 which is 50% of the wick for a safe entry with more confirmation of reversal. You can enter the trade right now if you wish.

abraham1298

Support became resistance, short term to 1188.

abraham1298 Updated 

HEAD AND SHOULDERS FORMATION, PULLBACK TO .618 FIB AFTER FIRST DROP, READY TO BREAK DAILY SUPPORT AND SINK PRICE.

abraham1298

As it seems price will start to pull back. If it reaches price 1.286 we have a great buy opportunity. With resistance being respect and trend line we are looking at a good 75 pips movement.

abraham1298 Updated 

Double top, Fib retrace & trend line indicate reversal. I will still wait for the next candle to break out of the square for a sell signal.

abraham1298 Updated 

Higher High and Higher Low indicates that gold is changing its path towards the upside. Resistance, Fib Retrace and Trend line, all three indicate that gold will shoot from this level to an even Higher high. Although there is a possibility of retesting the 1183 area before ascending.

abraham1298

Price is at recistance point and candle formation is showing a down movement, fib retrace also favors a bearish mommentun. SELL BY MARKET EXECUTION TP 73.490 93PIPS SL 74.900 47PIPS

abraham1298 Updated 

The Fib Retrace, support being respected and candle formations we have a good opportunity to re-enter GBPJPY all the way up to 143.2