It's monday, which means it's time for fresh pips
I will enter a long if we can get a retest of structure support, market at chart.
If we break the wedge to the upside, this will confirm the trade
We have bullish RSI-divergence
Target 300-350 pips
Stop 50 pips
Have a nice week all
The french election. Who will win? Macron or Le Pen?
What does Le pen want with France?
Le pen is very anti EU (Europian Union), she believe that France should leave the EU. But why this? She is the partys "Front National" presidential candidate. This polical party supports nationalism, which (in this situation) means that the focus should be on France only, with...
EUR/GBP has just completed af AB=CD pattern right at the key level 0.83000 and at the 1.272 as market on the chart. 1st target will be at the .382 retracement of A-D and 2nd target will be at structure. Stops are market on the chart.
The CD leg is also almost equal in time as the AB leg, which confirms the AB=CD more.
Euro yen comes with a very good setup to go long. I have shown to the left on this chart, how powerful advanced patterns are. All the red patterns is sell patterns - they all hit targets.
Now I am ready to go long, further details are on the chart.
I wish you all a good trading week ahead!
If we can hold 118.200 on EURJPY I will be entering a long on Monday night. Stops and targets are on the chart.
I think that the EURO is likely to gain strength, as Europe is getting inflation. This long will work as an investment, and not a swing- or daytrade.
Happy trading out there!
USDCAD has just made a shooting star candle, to - hopefully end the uptrend. As I have marked with arrows, the last 6 uptrends (uptrends market with green trendlines), has ended with either a shooting star, or a doji.
Then why should it not end a uptrend like that now? Priceaction has also retested the trendline, which we broke a while ago.
My targets will be at...
Lately we have seen a very weird scenario in gold and the xau index. They have differented from each other, although they have been following each other for a long time, as you can see on the chart. (Red line illustrates XAU index and canldes gold).
An AB=CD pattern and a bearish gartley pattern is soon formed in XAUUSD and that is a good short setup, since we...
DOWI has made all time highs today, yesterday, a week ago. We are gapping, gapping and gapping. We are overbougt right now.
Every single larger economy is pumbing money out in their nations, with very low interestrates. Some places you even get money for renting money. The inflation is not as high as is the last financial crisis. The bullmarket has begun, and it's...