This is my proposed idea for NZDJPY Long position looking back over the chart itself we have gone past a period of stability and believe we are now going to see an uptrend (trend reversal) and this could provide a huge profit.I see this potential as when the price has hit this low before there was an uptrend and i see that continuing we have also seen over the...
I see a potential Long position here mostly because we have had a 3 retests of a trend reversal and on all occasions there was a rise and we are still at a low price point EURUSD so i feel that there is big potential for a long position over the upcoming week make sure you buy with 5 wicks and a candle above closing. To improve profiting chances on this opportunity
This quite a good obvious position to take as its had a trend reversal (from its lowest point) and I believe that GBP is going to strengthen over the next week or so and we have tight candle sticks with consolidations and i feel that this will be a perfect time to go long.
Any questions just let me know
following last week i see a fall before a rise, (basically a repeat from last week) and i see it going into the 1700's quite easily because of the lack of strength in US Dollar. Personally when going long i would go long around 1650 or 1660 and you should have more room to profit than if buying in at the top of the candle
any questions just leave a comment.
I believe that with USDJPY that this end is a potential for a big downward trend. If we look at the trend lines the support structure and then followed by the fact that a very similar candle scenario happened before and the result was that it downward in price and I believe this will happen again.
Once Again. Do not see much promise for the strength of the euro this week i believe that this will be a perfect opportunity for a short position. My reason being the fact when you look at the tips of the shoulders and look and the structure levels there is a slow downward trend and I believe we are very early into the downtrend. So there is more opportunity to go short.
After Friday's increase I see a potential short opportunity available. This is because I see this position following the down trend from last week and therefore more short opportunity's available and this is following the support and resistance levels.
We have seen a broken the rise and now there is a down trend for gold this has included multiple pull back strategy it's currrently hanging on around the same area but i believe a further a downfall is to be expected
This is just a simple short position for EURGBP once again had the multiple signs of pullbacks followed by a downtrend safe to say this is another week of the EURO going down in value.
Any other thoughts just comment
This is analysis is for my Gold Long position for this upcoming week, I feel this week will be another good week for gold as I believe it will keep increasing it's price due to structure and how harshly it is rising above all support and resistance levels. At the current time the price is 1627, However I believe if you put in a long position between 1618 or 1620 I...
just done some analysis on GBPCAD Long and We have seen two retest followed by a new support level after a very sharp rise (this is because of people would have sold for profit). SO i believe that there is going to be a new high so i suggest going long.
Looking at the anaylsis you can kind of recongnise that with pretty much hit the highest point for EUR/GBP and with the UK economy potential strengthening over the next few weeks i would suggest a short position. However, this would be more long term so don't be too eager
GBPUSD long position with hit the lowest point of the trend now i would be very surprised if it goes back to an all time lower of 14500 so what i would suggest with the following graphs is to go long into this position as the UK economy recovers