Yousaf

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50 % forex 50 % stocks
Top Mentioned Symbols
GLD 50% | 1 USDJPY 50% | 1
Yousaf Yousaf USDJPY, D, Short ,
USDJPY: Market Timing: Catching USDJPY H&S right shoulder top
96 0 2
USDJPY, D Short
Market Timing: Catching USDJPY H&S right shoulder top

USDJPY has rallied into a quarterly resistance trend line, forming a Head and Shoulder (H&S) pattern on the weekly chart. I have sold short USDJPY in anticipation of it having formed a current high and moving lower in the near future. I also expect to pyramid this instrument to the short side should my market timing prove to be correct. There are two price ...

Yousaf Yousaf GLD, M, Long ,
GLD: Gold is bottoming
381 1 5
GLD, M Long
Gold is bottoming

This chart pattern shown by the two trend lines lines in green is a 'falling wedge', it is a bullish pattern indicating price will move higher. Oscillators such as stochastic have been oversold on the monthly chart, now also diverge to price action. This divergence indicates price action should most likely attempt to rally, or alternatively go sideways in ...

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