go long or short?
i would place a buy above 29400, and if it doesn;t go beyond that level and being sell of from there, i would go for a short and get profit / stop loss with the levels given in the chart.
reasons to LONG;
1. it is at the bottom of the up trend channel
2. closing price did not go lower than 58, which is the recent strong support level
3. prices broke previous high, which indicating buying power is strong than before
wait for pull back, set pending order (buy) from price 58.2-58.5
cut loss below 57.5
EUR/USD- Expecting A short-term pullback before followed by a bullish movement on EUR/USD. Do look out for a long opportunity at 1.1020 region. The bullish movement might last longer on the next rebound.
We still looking for a long opportunity on this , as we see more upside on this as long 61.5-62.00 region sustaining next week. Hopefully, reaching 65-66 region by end of next week.
Else Below 61.5, we can look for a short opportunity.
Indices looking health
OIl as well. Expecting more upward movement on indices and oil next week
Similarly if indices are healthy, USD/JPY potentialy trending wither together with EURUSD.
We are currently looking for a short-term pullback on GBP/USD before a major upward movement takeover.
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it moves as our prediction, it rebounded from the support region which is 1450 area, then it is the time to buy the gold for the rebound, maximum rebounce to 1491, and shall not having a candle closing above that level, or else the downtrend is ended and can look for entry to buy.
in the near future, I believe that the gold will continue its bearish trend after...
GOld dipped as expected, expecting Gold to drop further towards the decend support region before any rebound take place.
Oil is still healthy looking as of current movement. Expecting it to continue to rises higher next week.
-We are looking for a short opportunity on USD/JPY after a surge or failure to break decent resistance
-Maintain our short position on...