https://www.tradingview.com/chart/EURUSD/vWyoSGou-Staying-Long-EURUSD-above-1-100-for-next-500-pips/ Closed above idea with 350 pips now time for next wave with Elliot for next 350 pips though we know EUR is bullish we nned to stay with wave so get ready . Thanks and regards Dipak Z Trade Safe and secure
Look at the chart. Most noticably is the buyers keep coming in around the 50 RSI level, which is Positive. Also you see support on the chart, although it hasn't breaked-out strongly to the upside yet. The fibonacci level still points towards higher targets. This starts looking more and more like it favours normal market conditions from the well known Forex markets.
EURUSD confirmed the trading channel (pink) breakout with a strong bullish continuation move towards 1.14. That was my bullish trading scenario for the week (in my newsletter) and it has now reached its final target zone. The yearly trading channel will be tested today when the U.S GDP number will be published. Better than expected - USD will probably rally ...
Natural Gas or NG is forming a nice bullish setup on the daily time frame. We can see that the price has already broken the upper range and is now touched a resistance area. When looking at the Stoch indicator theres enough buying pressure left. This info combined with the forecast EL Nino and hot summer are strong bullish fundamentals for NG
New Zealand US short here. New Zealands reports of trade surplus were below expectations and yellen is expected to hype up the rate hike. Beautiful rejection of the daily resistance. Currently in a symmetrical triangle with beautiful rejection wicks. Nice crossover on the daily stoch. RSI showing it is overbought. I'm shorting at 7300.00