After US fire missiles at Syrian last week, I felt that USD might depreciate the upcoming week.
Looking to short USD against SGD and the legendary safe haven....GOLD!
The reason why we trade based on technical analysis not because it is cool, but we believe that past records is an indicator of the future.
Simple price action strategy in place as you can see that Gold has reached its last high at around 1263 and dropped to around 1190 the previous time.
We shall short based on this.
Gold is rather volatile so I would...
Eurgbp has been bearish for half a month. It touch the 50% retracement a few days ago and I believe that it will break the previous high.
Longing this and looking at some good risk/reward ratio.
Second Analysis of Trading View - First trade going well so far.
NZDUSD has hit the key support area in March and now in a correction.
TP and SL stated cleared as above.
GBP/JPY has broken out of consolidation area and will dive down to 136.78 next.
Stop loss is just above the 61.8 Fib retracement area.
Risk reward ratio - 1:3
