Wait for the price to close above 140.80 area.If we get a nice pin bar close that's a Plus , other than that I am looking to get long for a short term trade here because I see plenty of support for a nice pull back here back into the resistance area for a retest.So according to the setup my stops go below 140.40 with targets @ 141.28 & 141.60
Going short on KIWI/YEN with stops above 83.80 and targets @ 82.80 & 82.08
Waiting for a close below the 1.0654 , if the breakout is confirmed I will be short with stops above 1.0710 and my targets will be 1.0594 & 1.0520
Looking to get long at the bottom around 1.4720 with tight stops under 1.4680...The pair is quite bearish so I am looking for a few things along the way as confirmation in this trade.For starters I want to see price close above 1.4788 after the rebound and secondly I want to see the price breakout of the T.L resistance , if these conditions are met then we can...
Looking to get short once we have a break & close below 143.94.The pair has broken out of the rising wedge and failed to close past 144.80 and after testing that area about 3 times right now its holding above the 144 mark.According to the setup we get short once price closes under the 143.90 area with stops above 144.78 and targets are 143.48 - 142.98 & 142.46
I feel like things could get interesting for gold if it can breakout of the near term T.L resistance by next week and if it takes out the resistance @ 1192 and price manages to hold above it , I would get long on this once more with my stops under 1180 and I would look for targets around 1202 & 1216
Going long on that 61.8% retracement level @ 1.2520 with stops under 1.2488 and targets @ 1.2588 & 1.2670
Aussie/Dollar has broken out of its corrective wedge structure and T.L support from January 8th 2017, I think its getting to pull back deeper back into the 0.75 - 0.7498 area before resuming towards the upside.According to the setup the stops go in under 0.7448 and targets to the upside are 0.76 - 0.7688 under the resistance from last years November 10th
Looking to buy near 142.28 - 142.40 along with the confluence of T.L support.Stops under 141.80 and targets @ 142.78 &143.12
Looking to get long on pull back around 1.2544-1.2526 area with stops under 1.2512 and targets @ 1.2586 & 1.2606
After breaking out of the flag we are ready to resume higher only thing stopping it is the resistance upfront @ 143.20 ...The price is starting to pullback, I am gonna be waiting to buy more on lower levels as long as the T.L support remains intact, Keep an eye out for these levels 142.40 - 142.00
GBP continues to move higher against the Aussie in a corrective structure since it found support @ 1.60.Two ways to trade this now.... Look to buy lows inside the structure,close to support areas or wait for the pair to clear the previous high in place @1.6574, price will likely stall and fail to rise if the level remains unbroken...so the other way is to wait for...
Looking to get long around 1.6040 & 1.5920 with stops around 1.57 with targets @ 1.7126 & 1.7640. What do you guys think ? let me know in the comments below.
Who else is waiting to get long on this ? okay so basically I am waiting for a nice close above that 1218 area with a decent candle and not much wicks on it.Say a close @ 1220 should be good enough.So the setup here is once long on this stops go below 1211 area and the profit targets are 1224-1230.With resistance on that 1232 area we should look to take profits...
Going long in the resistance turned support area + 38.2% fib retracement level around 1.2440 with stops under 1.2398 and targets @1.2480 - 1.2530
Looking to buy the pull back into the 1.2440 area with stops under 1.2320 and profit targets @ 1.2694 - 1.2760
Next opportunity to sell may present itself on the next move up into the channel resistance around 114.40-144.80
Pound has been soaring past a lot of resistance levels and its approaching the 61.8% fib level @ 141.88 -98 as well as T.L resistance from December 15th 2016 , time to stay on the sidelines and watch how price reacts to this level and T.L resistance.A strong pull back or resumption of the bearish trend towards the downside can occur.