ForexTurtle

ForexTurtle Updated 

Gold is at support and $ index is also at the support now... after today morning retracement !!! Well Gold when the rising trend line is broker. Nice RR position. Enjoy your trade.

ForexTurtle

Refer text in Chart. Accordingly look at E$, Nz$, Au$, $Y, P$ currencies to take $ bullish positions with best possible RR.

ForexTurtle

The purple line act as a temporary support for now. Look at the price action withing the yellow rectangle for further short entry.

ForexTurtle

$index is playing with this trend line.... i think we should be bullish until 95 region

ForexTurtle

Observe price action at this trend line, go short at break or at retracement, target to meet the monthly trend line near 0.6200 region. SL at 0.7300 region if need tight stop loss. If your money rules permit.. keep SL at 0.7600 The strategy has a 1000 pip target.

ForexTurtle

E$ doing a long unwinding pull back. Can have a new position sell @ 1.1800 region for half quantity target of 1.1700 and balance half by 1.1500. SL 1.1950

ForexTurtle

After having had a fairly smooth fall from 1,1800 region... i think there will be some consolidation in this zone. This zone has seen lot of price action in the past. Ultimately it should follow the H&S pattern and meet 1.1600 region.