Looking to see bears slow down here around 142.28-142.44 area.... Throw in a reversal pattern here and heck maybe it will be interesting enough to go long from here for a move of 100 pips to the upside on smaller time frames .
Going Short on USDJPY around 116.84-117.00 with stop above 117.80 and profit targets around 116.38 , 115.60 & 114.88
Expecting a deeper correction on Pound/Yen down towards 142.60's - 141.80's before another possible continuation in this mid term uptrend.
Expecting the bears to lose steam by now.... Signs are there but there just might be one more more move to the downside perhaps if somehow the price takes out the short term T.L support from 15th December , if that happens expect to see a double bottom maybe on the H4 time frame or a new low but the price will likely bounce off fast once it touches the support...
Looking to get long around 49.80 on crude oil.... with stops under 47.40's and targets around 54.00 -54.50's
Will it bounce back ? Will it break lower ? Keep an eye out for this currency pair .... Big Move Ahead !!
Looking to go long at Trend line breakout , under the t.l resistance look for a retest back down at 51.50-60 area support and get long with stops just under 50.80 with upside targets around 52.60 - 53.20's
The bulls have been firmly in control since 4th of November but in the near term the steam maybe about to run out.... The chart above consists of 2 scenarios.Preferably the trade on bullish breakout makes sense and would be an excellent choice going by the trend but as an alternative I believe a bearish breakout can lead to a corrective move lower down to 2214's...
Looking to go long on T.L resistance breakout with upside targets around 1.2790's & 1.2944
Short setup for XAUUSD.This seems like a really good near term opportunity with Low risk high reward for next week provided Gold finds support early on and moves back higher for a retest of trend line resistance from Oct 7th
Looking to get short below 113.84 with stops above 114.40 and targets around 112.56 - 112.20 's
Looking to get short on Eur/Usd next week around 1.1120
Looking for shorts around 116 with a tight stop into 116.40's and targets into 114.40's and 112.60's
Shorting EUR/AUD on the H4 close.Price has broken past the previous minor support @ 1.4380 with a strong Engulfing candle.Reasons to consider for short are as follows : ADX TURNING BEARISH : COMPLETION OF ALMOST 60% RETRACEMENT OF LAST LEG : PRICE REJECTING THE 20 PERIOD MA ON DAY TF : LAST BUT SIMPLY THE BEST REASON (BEARISH TREND) : Goodluck ;)
Gold once more is testing the T.L support from 16th December 2015.The 1298-1318 is significant area,with FIB level @ 1298 . The short term T.L resistance from July 10th remains intact.Currently Gold is trading below the 20 day SMA and with NFP just a week away. We are bound to see a major shift in direction on Gold.Lets suppose it breaches and closes below the...
On the daily time frame the pair continues to the respect the T.L resistance from the beginning of the year or early Feb.On H4 the pair is trading wel below the H4 short term T.L resistance as well.On Hourly TF the pair seems to be trading inside a sideways range , moving back and forth between 115.20 and 113.80 , it recently broke out of short term rising wedge...