Gold is now in corrections on H4 with A- & B- waves created. The remaining wave part is C- (IF the corrections will be simple). Will the correction end up as a ZigZag or a regular flat? What perhaps likely to occur early next trading week is that the precious metal may fall further... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk...
Selling pressure continues for GBPUSD on the weekly and there is high possibility that the pair could not pullback to value zone between 1.26906 & 1.28147. Overall trend is still bullish for cable. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With rejection candle not appearing at the value zone for GBPJPY yesterday (see post below), the pair unable to rally. Now the simple (A-B-C) flat correction has now turned complex. Upside Reversal may likely be below 38.20% Fib level... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
GBPJPY is on H4 corrections and looking likely to breakout from the bullish wedge. However, in order to make another Higher-high, the pair may pullback to value zone. This buy setup is invalid if the higher-high is created without the pullback. I anticipate a deeper pullback to 139.238 but a shallow pullback may end at 139.480 N.B - Let emotions and sentiments...
Since Bitcoin breakout from the bullish wedge (see our May 9 post below), the cryptocurrency has maintain a bullish outlook and now close to another swing high at 12328.40. If it continues to struggle to break this high, bitcoin may pullback to its mean current situated 10506.39. Overall outlook is bullish & as I mentioned in one of my posts early in the year,...
GBPCAD market structure favours a long set-up for the pair on H4. With recent H-H and H-L, the pair is gathering momentum to commence an uptrend to test the bearish order candle at 1.75984 with risk of reversal at around 1.75000. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
CADJPY pair saw a strong rally last week to create a high at 81.000. A price rejection between 79.604 & 80.025 could likely cause CADJPY to re-test 81.000 and above on the coming days... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
On August 2, we provided our long term view on GBPUSD. Zooming into H4, Cable is now on correction and the structure looks more bearish. Expecting price to fall briefly to 1.30216 next week Monday & if price is rejected between 1.29978 & 1.30216, then cable could start another rally to 1.3333 (as explained in our August 2nd post). However, a violation of 1.29978 &...
Gold witnessed price drop to its mean last trading week and coming week, gold is likely to re-visit the low created between 1861 and 1925. I expect gold to encounter buying pressure at this level before price rally again to test 2035 or above. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Great British Pounds Ended last week as the strongest among the major currencies and the uptrend is likely to continue this trading week as the currency pair is set to target 1.3333 mark. A break above 1.35153 will expose GBP to retest its bearish order candle at 1.38000 for a long term move. In the meantime, we might likely witness a slight pullback to at least...
Gold has been rallying strongly this year and this has a long term bullish outlook. And with the dollar index making a "bearish golden cross" last week, gold potentially will continue to create new highs. However, more desirable now is for gold to pullback to value before another move to the upside. Selling pressure that ended last week might be a first...
JPM stock price has been testing the support level at 91.40 & each time the level is tested, it is met with bulls. Last week Friday bullish reversal looks phenomenon with good volume accompany the rise in price. This is the time to push the price above 100 in the coming days... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In...
With the ongoing corrections on the daily timeframe, AUDUSD is most likely to re-test the recent low @ 0.67744. If the level is not strong enough, the pair may touch below 0.67363 before it is rejected. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Gold risk level is at mid-point and with the commercial hedger net-long still falling, gold may likely create more highs. We saw gold violating previous swing high at 1765, and if this momentum is maintained, gold could rally towards 2011 high above 1800. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Recent weakness in crude oil could see sentiments changing to short trade. The commodity struggled to above its early June (June 8) Swing High and price rejected on 23/06. Any further price rally towards bearish order candle may likely invites more bears to short crude oil. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
BUA Stock price is now creating a new 52 week high having closed last trading week at 44 Naira. And with book favouring future growth of the company, everything looks promising. If the price can break above 44, and re-test it in near future, its a good opportunity to key into the market otherwise, a decline to value price either at 38 or 41 even provide a better...
Alaska Air Group is now pulling back after a good rally up. The stock might be targeting to close the gap-up created to. A buy at this level could be profitable on the stock for a swing trade... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
After successfully breaking the LOW at 1.12125, EURUSD is now targeting to decline to its mean value or the lows at 1.1000 to find a good support. A pullback to test previous low or where liquidity are most likely early next week... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades