The previous daily buy zone (from last week) has confirmed itself as a resistance zone.
Caught the market on the way up with the buy limit TP with 140 pips now trying to catch it on the way back down for 150 pips!
Good luck and stay in the zone!
Gold has been ranging between 1500 and 1528 since Tuesday.
This period has presented lots of entry opportunities both to buy and sell (highlighted using the ellipse). I found this tool applied with the stochastic a strong indicator and conformation of good entry points.
As for next week I have a buy and sell limit in place and will keep looking for good...
I would suggest to trade with extreme caution as the cable has been volatile as of late however I see an opening for long position here of around 120 pips.
Keep SL tight as with brexit and bozza now in house this could sink further towards 2017 lows!
Happy Sunday people!
Potential opportunity on the CADCHF chart.
Trend lines have been respected since early May with significant movements when touched, expecting a strong sell if resistance is hit.
I suggest 2 sell limits @ 1% of your account.
Universal love stay in control and remember its a long game...
(I write most of this s**t to remind myself that)
Happy Saturday people!!
Having looked at the chart I feel that the USD/JPY pairing is going short for the foreseeable heading down to around the 107 mark.
Charts look good on 4 hourly, daily and weekly.
As you can see there has been various touches on the (recent) resistance line without a significant break.
If the trade goes the other way I would suggest...
My ideas for this week and beyond on the GBP/USD pairing.
Last week was very turbulent as the Brexit woes continue, Boris looks to be front runner at the moment however I still think the pound will plunge lower in the interim period. Hence why I suggest waiting before the buy.
Leverage no more than 1% of your account on this trade.
Always use a SL and stay...
Looking at the charts this a LONG buy, keep tracking this over the next three weeks to see of support line is touched.
Will be the lowest the pair has gone in several years, if support line is breached look to buy and adjust SL @TP1
Do not leverage more than 1%of our account on this trade as this is a long term position 1-2 months.
Good luck and stay int he...
Havent looked at this one in a while, but it looks like the pairing could be due to revert back up to the bearish side.
Wait for conformation on 4 , 1 hour & 30 min to ensure bullish confirmation then enjoy!
(let me know your results)