I am looking to position myself for positive gold moves, and inflation threads. I belive this way FX_IDC:ZARJPY we can get very good reward and less risk than trading directly gold or silver. Investors are not fully discounting this instrument as there are political problems in Africa.
XAGUSD Long Term
Looking for LONG Trade
Break from "Down Channel" to Chanel UP
Possible continuation from current level or bounce form channels bottom
EMA50, EMA100, EMA200 Bullish
NZDCAD just completed the huge double top on the daily chart, meaning that it is ready to go down, now I will be looking for a breakout on the lower TRENDLINE! If it DOES BO, I will add some more sell till around 0.87000! this is gonna be my ultimate target =) BUT Like i just said in the title if you are looking for a target like 0.87000 it is a REALLY REALLY LONG...
For people that do like SWING TRADE like i do, we are going to be chasing a BO under at around 0.74000. If it do BO Under I will be adding more SELL till 0.71800 and 0.70000 (LONG TERM)
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The reason why I believe it is going to go that low, we are in a bearrish channel (That actually got respected) AND i see a HUGE DOUBLE TOP! (ON THE DAILY CHART)
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Make sure to...
As you can see: As long as we stay bellow arround 1.15 we could drop to around 1.07. And bellow that level we could easily fall to 0.98 (0.96). On the other side if we could climb arround 1.13 / 1.15 we could reach 1.20 or 1.29.
Price action has worked pretty well in facebook stock for quite a while.
The price above the 200 MA indicates that price is in a bullish momentum ( attention: this is for the long term, so is the "momentum" word refered).
Target price is set at $110 area.
---DO: R/R: 1:2 or more.
---DO NOT: Risk More than 1 or 2 % of youre account balance.
---DO NOT : Jump in the...
