Looking to go bullish here. You can see we are at the bottom of the barrel. Looking to take a long position to just above 119 with a break and retest of the inner-trendline and then TP will be just to the outside of the long-term outer-trendline. Looking then if pass and check to enter another long position to 119.020. Right now the YEN is showing a position of...
Updated chart with XA-C PF added.
Looking to go long here IF & WHEN the opportunity presents itself. A lot of things that could happen that across the pond that could make this continue to move south. Pay attention to Brexit news. Pound across the board has been BEATEN last week.
Pretty easy to see here what is going on with the daily chart. Volume and price action don't match movements being seen. Shorting as there is 975+ PIPs of opportunity.
Please see previous published markup.
Please see notes in chart. My trading plan follows: My trading plan is to short this with a pass and check @ .68026 to .67921. That is 11 PIPs and 0 PIPetts. I will then look to enter a second position on a pass and check @ .67921 and short to @.67685. That is 22 PIPs and 1 PIPett. If the momentum stays current as it has been for the majority of the sessions...
Details in the description of the chart.
We are still @ level 1 consolidation. See previous post.
I am looking for GJ to continue to make Higher Highs and Higher Lows. The last time we were at this level with traffic was in 2016. There was a brief period of pass through all the way down to 131 back in January of this year and then back up past 135. We all know what news that was. I would only look to short this if it broke below 134.546. I don't...
This is where we are at with Gold from my previous published trade idea on 7/16/19.
Looking at couple of options for Gold if the upward trend continues or we have a shift in momentum. I am leaning more towards momentum shifting as a result of what TBONDs and Gold Futures are doing. Both Daily Candles are Bearish and volume supports this bearish momentum. I do look at this as a cycle happening in both of these though based on where we are...