If this support is tested as valid support, we can see a corrective wave up for 550 pips. One or two more trading days to confirm this support zone. Then we could have a small SL on this daily long trade. Less is more!
Alright, now turns out SELLER win. This is our old trade which is still valid. To open a new trade on EURGBP, can get it like this: Open a short trade as close as 0.885 SL higher than 0.890 TP1 TP2 TP3 are same with us. Less is more!
This is a signal to join the short trade team Enter the trade to short GOLD right now. Keep your SL higher than 1223. Set 1206 as your first target. If you are lucky enough, gold could probably test 1195 soon. If the power of bear is so strong, Gold will retest 1160-1180 zone before 2019. This is a trade based on daily chart which will take some while to...
The best result of the long trade on BTC is that it will retest 6k with the corrective wave. Now price has move up a little. You can enter a price now with a wider SL , or pending a buy order at 3950 with a smaller SL. Both SL needs to be lower than 3500. TP1 :4800 TP2: 5360 TP3: 6100 This is how a trading plan looks like. We will check about 2k later after the...
Check this : We have a pending order which should be triggered already. Right now TP1 hit too. This is a short trade on daily chart based on the purple corrective channel. The blue channel is still valid so far but it is not reasonable to go long with it now. Because the purple one could help gold down to retest position around 1200 again in the last trading...
XAGUSD has made its best up to the blue neck position now. Its deciding now. No one knows if it can break it up. The bear top is not a easy one to break without any fundamental triggers. Once the blue zone is confined as a valid resistance, silver will follow the channel to test position lower than 14, again. Less is more!
With oil prices deep in bear market territory on oversupply worries, a production cut at OPEC’s December 6 meeting in Vienna could be the key ingredient for bulls. On that case, now USOIL could probably goes alone with 1-2-3-4-5 in the following trading days beforethe new OPEC meet. It wont be easy for USOIL to break the daily downtrend channel. But it possible...
USOIL might get more troubles Check it out on monthly. It has a broken monthly trendline- super bear signal! It has a purple support zone which is a weak one , according to what its showing us. Because on the daily chart, the blue channel still on its way down. Only if usoil break it first, the purple support could mean something. The thin blue line on month...
We have this before. The channel now is confirmed has a wider range which start from the highest position. The wave 3 has not finished yet. TP3 is still valid that it range from 0.28377-0.26200 Less is more!
XRPUSD did not make a new high after hitting 0.791 on 21th Sep. And nothing new is here. Its still bear bear and bear on the chart. Actually it still stay inside the descending channel. Down to the bottom, we would like to see 0.2896 to be reached later. Inside the channel, XRPUSD is making its wave 3 down. This wave 3 could have another 3 or 5 waves also. Less is more!
GBPJPY just retest the blue channel which happen to be above the green trendline. However, there is a triple top in front of buyers . If more good news come from BREXIT, there will be 1000 pips ahead for GBPJPY to rise. Less is more!
USDJPY has a five-wave trend ( green). This trend could become a seven-wave trend later or just finish to make a new down trend . To make a new down trend, USDJPY still have works to do. The green channel is a flat one meaning the movement on the top has not finished yet. Price could go test the blue zone or a little higher position to make a new reflection point...
EURJPY did not surprise us with a strong rally to bull up. On the contrary, it did make a bear one on the red resistance zone. Price could drop down from the red zone, following the red arrows down to see multiple supports.. That is wave 3 of the big wave 3 inside that blue channel. Less is more!
EURCAD only made it up to 1.515. Now it seems impossible to break the channel to make a new high in the following weeks. On that case, we assume that EURCAD is on its big wave 3 down ( check the blue curve). And right now it just starts its wave 5 of wave 3 down. This is a possibility of 450 pips to hunt. Less is more!
GBPJPY has the red support zone which also is a support from the channel. Will it rally up next week to make a new high to test the middle line of the channel first? After that line , GJ could go either way. Thats why we have two blue arrows here to follow later. Less is more!
Hello, traders, We have a pending short trade on EURGBP last week which was triggered already. This is a very simple strategy: R/S( RESISTANCE/SUPPORT) According to the new channel , will see EURGBP down to a new position later. Less is more!
DXY has the blue channel support it this week. So it did go back to north again. The green channel is now the only pressure to it. The red arrow is what will happen once the green channel not valid anymore. So , it is still possible to see 98, a new high , appear in 2018. Less is more!
Traders, XAUUSD has some problem to breath the purple resistance zone. That would make a new start of wave 3 possible now. Meaning gold will keep going south in December. Actually, this is normal after a 1/3- year - downtrend. Usually buyers try to get in a lower price to buy again while sellers still want to make a new low. Assuming that a sideways movement...