avevic

avevic

After the Bear shocked everybody by slashing the market early Monday morning (Asian session), the storm has calmed a bit and for now the price resting at 1735 area. Damage has been done. A lot of accounts blown up, but the bear must continue it's path down. Looking at the strike that cross the LB Quarter and touch 1687ish, the bear must find it's momentum down...

avevic

The August NFP is the booster that EURUSD needs to bounce from the Quarter Pivot, and will now try to test the ground support at LB Quarter 1.17128. Will be interesting to watch next week's price movement since the half Quarter 2 timeframe will be finished and Quarter 2 should decide it's move to its UP target or not. Meanwhile, the trading plan for next week...

avevic Updated 

After struggling to reach R1 (Resistant) Month at 1833.05 for the third time, finally XAU decided to search for ground support. The August NFP somehow boost XAU move down aggresively and break the LB Month in one powerful and striking H4 candle. Next week (Aug 9 - 13) SAXO:XAUUSD trade plans : 1. XAU will continue searching ground support at S2 Month...