Gold looking like we are heading on a short term bull run until 2010. Waiting for a retracement to the 1950 zone before looking for potentiall upside moves. Was favouring a drop on gold to the 1815 zone before looking for higher highs but 1912 level hold pretty well and we are looking for a pullback. Check my technicals on GOLd and leave a feedback. My target will...
USDJPY is making lower high and lower low. But if you go to daily or weekly time frame, it is currently at very important support zone.
But before looking for reversal we can enter a short position.
There is multiple supporting confluences for short position.
#1 previous support zone into resistance
#2 trend line
#3 Fib Retracement
Use risk management when...
This is the main question we have been receiving since yesterday in relation to GBP.
We sold the GBP last week and closed 225 pips yesterday, announcing the new levels of support and expecting it to reach them.
Even right now, if you want to get into a trade, the better option is sell!
The trend line has been broken, the main levels have been broken and we will...