G'Day this is whats happening with AUDUSD right now. So take it and shove it up your bloomberg terminal ;)
We are going to lower and cross over the central fork line.
Then we are going to mess around in the lower green sector.
We will then move like a boring static snake slowly lower down into bottom purple fork territory.
Come and make some profit with me :)
Long term outlook very bleak for the once relatively strong AUD.
It's been a tough two years on the Australian currency. With a very wobbly gold price dictating the nerves and a phenomenally crucial period of USD relative strength the AUD is suffering without a doubt.
Using a simple fib based regression trend analysis along with a modified pitchfork that ties...
Check out this Elliot Wave driven technical analysis punt from me.
Gold has a lovely growing rolling pyramid structure that is generated mostly through particular price and event patterns.
Simple LONG hold here. Buy big or go home. Hold long or mess about stepping in and out.
Easy profitable trade IMO.
So USDJPY has been grinding down the price levels for some time now, here is a simple profitable set up for a further short scenario.
Take a Short from here and hold. 101 is my personal target profit take and I suggest if you follow that you do the same. My stop is set at 106.600
Time duration of the trade I would expect to be no longer than two weeks at most....
We all would love to be able to call the top. I have been burnt to the tune of 25k or so the last few days trying to short a "top".
Fact is after much further chatting and some back to basics trend analysis over the Long Mid and Short term as of right here and now today the signals are strong bullish and for LONG.
So that is what I am doing. Hoping for this...
What a journey!!!
I have sweated and bled trading up the levels on the SPX500 in recent weeks. Fortunately my personal view and analysis set me up for the strongest positions possible. Taking long profits all the way to 2140 but that is where I am drawing theline.
Could we have a further higher level of historical price? Yes. Can I tell the future? No. Please...
The central prcie sector as forseen on my previous analysis for SPX500 should have netted you guys some serious profits by now.
SO here is my next opinion.....
We will see most likely a newish all time historical price at the top, then a drop down back into no mans land. From there I hope along I'm sure with many other short position CFD traders is that we...
Handling a very tricky case. An account handed over that was on the verge of losing just about 500k GBP.
The unwind is tricky and stressful, very much dependent on the price touching up to 2120 and beyond.
Here is the chart with a clear head and shoulder pattern supported by waves Fib and MACD