I will be logging off for Christmas now but will open this long on GBPUSD it will either hit SL or TP have a nice Xmas double bottom strong support.
Merry Christmas to all have a great break.
Thanks bring on 2017
Waiting for better RRR but we are on a 200MA so will be watching closely here.
We also have another resistance level around 0.71575 then 0.71750 and 0.71924 maybe potential areas to look for short opportunities.
Back to the EURGBP once again this time using some Elliot wave and CCI S/R the trend on the daily chart seems to be holding will be watching this 4th wave in a ideal world it will come down and create a double bottom and hold the support for a continued trend to the upside. no trade as of yet will be watching ...
Watching the daily close today, a close above the 10 MA would give me a great opportunity to get back long with a SL just below the 10 MA Great RRR if it clears and close above with a strong open tomorrow. One added to the watch list.
AMD Long trade target time frame is 5 weeks to target the position will be closed in 5 week even if the target is not hit. SL is below last low 10 weeks ago.
Both news and technical made me take this trade and i believe we see $9 within the next 5 weeks.
Will be interesting to see if we get another bounce on USDNOK RSI is at 50 price action on the 26 base line overall trend is up will be looking to long Sunday evening if we get a confirmation.
With SL Placed just below the 26 day base line for a continuation towards 8.50000
RRR on this one is potential 6-1 worst ...
So we had a failed long this week on the EURGBP, but i still remain bullish on this the price has not closed below the Kijun(Baseline in Red) since 2015-11-30 the overall trend on the weekly is still up we will try again if the opportunity comes next week for a entry around the red line with a tight SL just ...
No Trade on this pair just yet i am waiting for a weekly close back below the Kijun and a rsi turn to confirm the move down, although im not normally a big fan of 'lagging indicators' they are very useful here as the TP at between 95-96 and waiting for confirmation on such a big move is a must for me.
We will see ...
Based on some fundamentals the NOK is strong at present 1.5% 1M Change and the EUR more weaker 0.5% 1 Month Change i have added in some technical to short the EURNOK.
First TP is at the Pivot 9.01414 but i will be watching 9.05158 38.2% Retracement from 4 Week Low as it could change back to the upside here. ...
Trade was taken on the break of the 1HR Trend line which had held for a while now the break today and the pressure to the down side indicated a good shorting opportunity First target 38.20% Fib retrace extended to 50% and 61.80% if momentum continues.
Small Trade on silver bottom trend line has been tested and held on the daily chart looking for a target at the top trend line, will hold position open if trend line is broken.
Very simple trade no fancy stuff on this one SL tight below bottom trend line. Trade is just over 3-1 RRR.
Looking for a short off the weekly trend line, i think we look for entry on this trade week 1 week 2 of October. Note the fib lines up with the trend line at around the 61.80% this will be the perfect entry for me.
First TP will be 1.2978 100% of the Fib and micro manage the trade from here until obvious turn ...