The USDJPY recently pushed lower off the 106.000 zone and we see price is again hovering up at this resistance area. We are watching for weakness to come into the action especially if the USD index holds above the 90.000 area. Key area for us to watch now is around 105.769 and for a lower high shoulder to play out and pressure buyers for a move...
The Dow Jones Industrial Average hit a new high in Tuesday’s session, with Salesforce (CRM) stock being the top gainer in the Dow Jones today, up 3%.
Besides Salesforce.com (CRM), JPMorgan (JPM) and Goldman Sachs (GS) also outperformed in the blue-chip index. Another important factor was the big jump in the 10-year Treasury yield, which rose 9 basis points to...
Is the pullback today the start of something more sinister or just another flush lower to clear out some of the weak hands before having a run on new highs. We can see that the momentum is fading as we run up into previous highs but we have seen this action prior to making new all time highs that start of last year. For now, the 6585 area is key to hold to support...
Traders- Remember this is a game of Patience. You will notice some over leveraged people today getting shaken out....and yet the chart is in tack and the plan is still set. More big headlines coming this week about who has really been buying the Bitcoin today and last week. Our rising wedge is headed to 62k. Stop trading and just invest and let time do the rest....
30 Take Profits
30 Pip SL
Move stop lose into profit after 8-10 pips in profit
2 trades in the same direction
1 trades has a SL and TP
1 trade has just a SL and you trail it
example for .10
.05 and 0.05
0.01 per $100
Follow YOUR trading plan
Gold has lost its bullish traction amid strengthening the USD bond yield and positive outlook for USD. 1800 mark is reaching and will soon be breaking here. The target to get is 1765 this week. Good luck.
CADJPY possible long scenarios represented by the coloured arrows.
Scenario 1 (Green Arrow): we see a wedge pattern where it bounces of lower boundary to then make a move to the upside breaking out to resistance at 83.000 (psychological price level).
Scenario 2 (Blue Arrow): We see it break upper resistance (Black line), retest then move towards 83.000
Happy Monday! I came across this great quote, “If you’re serious about changing your life, you’ll find a way. If you’re not, you’ll find an excuse.”
It's Monday - Fresh start for the week, start it in a good positive manner. I see so many people make excuses within trading the words, ' I can't do this' - ' You won that trade by luck' & lastly, 'What's your...
Set your stops at 1605 as a protection. If that levels breaks sell and buy lower. Everything looking good for a 1837 target. Swim with the Shark and make money. Remember scared money never makes money too.