This pair is in long term Consolidation, how ever i think we may see a bull run which may just break the highs of it or if not at least test them in my view. Dovish RNBZ in our favour would align with my technical view. Looking for resets of the .5 FIB before higher highs.
SOLD @11061 will be looking to add to my position on the break of the .5 FIB. TP@9810.
Im short from @17861 but very skeptical about BULLS being exhausted, taking my money here and expecting one last BULL run up to the .5 FIB where i shall be looking to sell HEAVy. FUNDAMENTALS - GBP are positive with possible interest rate hike for July so this is the reason i am skeptical. I think the will disappoint tho and we will see new LOWS. Tempted to...
My thoughts along wth my belief that the USD is going to start weakening is that GOLD is going to find huge gains. Fundamentals have to be siding with the safe haven with ongoing talks of trade wars and on going world tensions i don't see how GOLD doesn't gain and i think we are at a great price for BULLS (my technical view). BUYS
Swing trade 1st entry almost pined the high @13369 with my LONGTERM TP @12935. Fundamentals are in place as well as my technical view, been waiting a while but i think we will see USD start weakening across all majors. My Long, Long term view is price may reach 11600 area so i am a STRONG BEAR. I have a SHORT term sell order @13280 with TP @13205, where i think...
NFP tomorrow and USD has been pulling back across most pairs. My thoughts are the news will be Bullish for the Dollar pushing Gold back down to the 0.5 FIB, as well as pulling back some loses across all its major pairings. We could easily see a break upwards from here and my longer term out look for Gold is Bullish but for now i will only be buying at the and...
WO triggered at 1.2975, SL above the high set 1.3000. GL
Sold with TP of approx 105 pips. tight SL of 25 pips.
AUD has gained some strength, possible swing trade? I personally will be looking to sell into any up movements into the rectangle box with my TP's around the fake move zones. GBP has been amongst the strongest currencies in recent months and has made a significant recovery post the brexit referendum and has a strong weekly trend so i would not be surprised to see...
so i believe we have had 3 levels of rise, a higher high causing divergence on the rsi. now a possible head and shoulders pattern? i sold into strength @8953 with TP @8880!! I'm expecting a rebound to the neckline on the the H/S to further lows, so any moves towards the neckline i will be selling to the next fib level.
ok so a little update on EUR/AUD, previously i said i had a buy order in with i still have (around 100 pips negative right now). My expectation for this pair now is, to open lower at market open before breaking the lows (line) before making an up move. i will be looking to come out with a bit of profit and potentially buying again if we do break the...