The Major index not out of the woods yet but does shows rally strength remains.
The U.S Fed should jump start into putting money into specific citizen instead of pumping up the market with cash building the asset threshold. Putting money into certain needful group of industry and people to stimulus the economy and stabilizing the local market – this as a results...
The outlook on EURUSD remains to be watched.
Find the link as updated on 17 May given the near term target has reach 10987 and at current day price tapped on 10887 which off 10880 as provided.
Tentative outlook at 12000
AUDUSD a correction of a downtrend, preferably longs should stick stops closer or consider TP at market and reconsider position on the sideline till short term reactions from short and long is cleared.
The mental discipline.
Don’t get personal, do not get emotionally involved.
Don’t you EVER double up in a losing steak to hang tough against the broker, the market.
Double up is equal to extending stop-losses, big mistake.
A Scenario play:
Said, your risk is 5pips, your break-even is then on the next + 5pips, your real unrealised gain start on 7th pips,...
Selling continues but at this point rebound could happen and need watch long term rally as the selling weakens an uptrend ticking higher yet closed south.
activities past 3 years in a mixed but higher low and higher highs did happen. There another stops set above new high which is critical area since its at the historical high anything can happen like a sudden...
intraday trader could test XAUUSD at 1500 and stop loss 2 points below, for existing entry stops at 1510.
Traders playing the long pull stops at 1400
Big players holdings are must lower than 1380.
which means the overhead selling is important to watch for when price reaches 1380.
For traders who are actually holdings to the gains at this juncture may decide to...
Long term goal for EURUSD is a downtrend to approx. 0.90190.
Thats the goal but A rally could happen along side 1.07 to 1.05 which may rally as high to 1.19 approx but not close higher than 1.22 and continues to drop lower to 0.9.
In the midst of this view ahead, while trading in lower time i be aware of the long term target and potentially rally ahead could...
These are some of the price which gold could work along to
The weekly closed 1488 is consider reasonable entry price for longs and work towards certain price as above. 1370 lowest to go. Fluctuation of price with small dojis in the month is consider normal.
The dollar looks distorted as delaying downside making a new highs continually but the move wasn't solid over a more than one year, the weekly could make a higher highs and close higher before attempt lower move to around 93.
The upside for dollar is around cross 100
Since Sep 2018 SPX500USD unable to close beyond 3000 mark, unless solidly close higher than 3000 mark and subsequently does not close lower than 3000, otherwise lower lows could happens ahead lowest to go 2671 to 2700.
The CN50USD in a range bound moving lower to previously low.
The triple top and price position tends to range bound,
The overall outlook it's heading east, move lower than 12000 mark. if does happens, longer terms months ahead price could drop near extreme bottom, usually take more than a year or two to do that.