Entry: with price above 221.77 Volume: with volume greater than 1.77M Target: 230.73 area. This is an area, you might consider existing early if price drops below a significant moving average such as the 10, 20, or 50 EMA. You might also considering holding some portion of the trade longer as price closes above significant moving averages. Stop: ...
Immediately as trading got underway in the Asia session, the flight to safety was clear following the attacks over the weekend on Israel. This initially set us up short on the EUR, which unsurprisingly dropped below last weeks bullish close to continue it's slide. My first entry was short @1.05300. I wanted to give price time to settle after the London open to...
Entry: with price above 480.88 Volume: with volume greater than 77.2M Target: 520.29 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 480.89, 461.22 gets you 2/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is...
Entry: when price clears 130.79 Volume: with daily volume greater than 98.9M Target: 165 area Stop: depending on your risk tolerance; 119.40 gets you 3/1 Risk/Reward. Resistance: 133 area, 141 area, 152 area, 157 area This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was...
Traders, A wick down tagged our neckline precisely as expected. Now, we’ll probably incur a few more days of price action down in this area, but I’ll buy now to be safe. It’s only 50 dollar down to that neckline. Target will be 3,000. SL will be 1500 for now (to be adjusted as that 200 day ma moves up). More trades to come. Stew
We are updating the bullish trade idea we posted on GBPJPY on the 9th September 2020, price came right to this level and started to bounce higher. As we mentioned in the original post, if price dropped to this level we wanted to go down to our lower time frames and look for additional confirmation for a bullish trading opportunity which occurred nicely. As you...
I will be looking for long opportunities around this area stated in my analysis. I won't be going into to much detail as to why. I would wait for a break of the consolidation zone before looking to take the trade.
With this last downleg, we have hit the 0.5 fibonaci level, in one break out. and it its not over. If this is the beginning of a longer term downtrend, after we break support, the next support seems to be around 10/7/5 dollars, where I think volitle accumulation will happen, before consolidating around 10$ and moving again. Look for one or two weak impulses to...
Gold is holding up and building for another push higher. Watch for a shoulder buy entry and push higher as recent sellers get squeezed out of the action.