Seems like a good area to get short specially from a risk reward perspective. Stops above T.L resistance and previous weeks high around 142.28 .... for confirmation wait for the inside bar breakout and close below its low , Targets are 138.88 - 136.84 .... For extended bearish targets look for exits around 132.60's and fib extension 127% @ 130.80
My recommendation , be patient and watch till the bears drag the prices down to 118.20-66 with stops under 115.40's and profit targets around 126 - 128 ... For short term there will be a selling & buying opportunity depending upon which way price breaks out of the corrective structure but the Risk/Reward on those isn't as great as the trade recommended above ;) ....
Looking to buy around 121.00-121.20 with stops under 120.40 with targets at 122.20-122.74.... keep in mind this trade has a few risk events as Euro has busy week ahead filled with lots data prints scheduled to release this week.It might end up spiking either way and take out the stop but since the risk/reward ratio seems decent.I am willing to take this trade.Good Luck
Looking to get in after a decent pullback into that 1.0640 area with stops under 1.0588 TARGETS @ 1.0784 -1.0874 ..... What do you guys think ?
Within the structure... Looking for LONG ENTRY @ 1202 SUPPORT area STOP @ 1198 TARGETS @ 1206 - 1210 On breakout looking for LONG ENTRY @ 1210 STOPS AROUND 1204 TARGETS @ 1214-1220
Looking to get long on the mentioned areas .... Either I will look to buy lower within the structure or post breakout
Looking to get long on T.L breakout.Stops under 141.15 with targets at 141.88 - 142.14
Looking to buy lower around previous area of support @ 138.94 - 139.08 with stops under 138.60's , although if the flag setup is valid the breakout can also be bought with targets around 140.32 & 141.28 .... Candle Chart : What do you guys think.... leave your comments down below
Looking to get long on the close above 137.88 area with stops under 137.60 and targets @ 138.40 & 138.80 .... Hoping to see price touch the 61.8% area before a sharp reversal back to the downside
Stops above 1.4080 and targets down @ 1.3940 - 1.3888
Pending short entries around 142.04-20 (broken neckline area highlighted in yellow) with stops above 144.20 and targets down at 140 - 138.60's
Gold shied away from 1180.... Looks like an opportunity to add more longs on any lows that fall around significant areas.My recommendation 1168 & 1162 with stops under 1160's
The trend may look bullish but here are some points to consider.The price failed to hold above the 61.8% level @ 146.58 and closed with a shooting star on December 15th.Though bulls took back control around 142 area, the daily chart doesn't present a comforting image when you spot the potential for an H/S formation, especially with today's candle rejection around...
Looking to go long around 114.88-115.00 with stops under 114.18 & targets around 117.40 - 118.12
Looking to go Long around 144.40-60 with stops under 144.20's and Target back at 145.20-40
The trend line support for Gold 23 December 2016 remains intact.Price is now nearing area of support once more.I am looking for Long setups above 1145-1148 with stops under 1142 with targets around 1170-1172
Going long on Gold with stops under 1124 and profit targets at 1188 - 1220
Looking to add more longs on pull back around 144-142 area , keep in mind the support zone extends all the way down to 142.40-16 .... So price can dip all the way down there if buyers fail here, on the other hand if a right shoulder forms and the price ends up breaking out of the neckline ,we have an excellent Risk to reward ratio for the trade.