am1rul

am1rul

A huge upside potential spotted for the yellow metal. Inflation fever & rates tantrum will set the risk tone for gold as safe haven and hedge instrument. EOM flow for Jan 22 will set MN closing to rally towards Nov 21 highs and next towards 1900 mark. (MN - P) Consolidation in W CMP is set for an upside push if price manage to break above 1868 W level (W -...

am1rul

Monthly Support. Confirmation in monthly technicals levels will give more opportunity to add up the position. The plunge inn crude oil prices may force the Saudis and the Russians to cooperate too try to drive out U.S frackers. Oil prices would then recover to the 40$ - 60$ per barrel range. But the resilient frackers will keep nipping at their heels....

am1rul

POTENTIAL SHORT OPPORTUNITY AHEAD OF BREXIT DATELINE 31ST OCT SHORT BASED ON MONTHLY SBR, WEEKLY TL & DAILY SBR SHORT AT 140.35 STOPS 141.8 PREVIOUS DAILY HIGH TP 1 137.2 TP 2 135.3 BE CAUTIOUS OF GBP VOLATILITY

am1rul

LONG OPPORTUNITY AS GBP NET LONGS BUILDING UP TP 1: 136.7 TP 2: 137.5 TP 3: 140 SL: Previous daily low. GBP is expected to be political driven due to Brexit, so watch out. However we can see as we draw closer to the dateline, technicals suggest an overdue correction.

am1rul

Gold medium term short opportunity at 1520 and above level with stops above Daily's high. Watch out for 1500 weekly & daily support. Downside movement is a pullback play for LONG continuation. TP 1 : 1500 TP 2: 1480 TP 3: 1450

am1rul

LONG OPPORTUNITY LONG AT PULLBACK AT GOLDEN RATIO STOPS AT PREVIOUS LOW 135.3 TAKE PROFIT AT 137.5 FIRST LEVEL. ONCE BROKEN IN DAILY NEXT PROFIT TARGET AT 140. BE CAUTIOUS AS GBP IS IN UNCERTAINTY PHASE. TRADE IDEAS BASED ON TECHNICALS CORRELATION.

am1rul

With positive progress on Brexit and good economic data in the UK we can expect GBP to rally towards end of 2018 and 2019. With firm deal on the table for Brexit which will be very likely this will give more buyers to jump in the rally in addition to strong economic forecast growth in the UK in their GDP 2019 forecast plus few tightening to take place next year...

am1rul Updated 

PULLBACK SCENARIO IN DAILY AFTER INSIDE BAR FORMATION AT 140 SUPPORT LEVEL MEDIUM TERM BULLISH IN H4 140.5 ACTS AS MINOR RBS LEVEL IN H4. TL CONFLUENCE + POTENTIAL INVERTED H&S PATTERN. TAKE PROFIT TARGET 1. 145 (BETWEEN 50 & 61.8 FIB LEVELS DAILY) 2. 147 (MAJOR SNR LEVELS) 3. 148 (MAJOR SNR LEVELS) STOPS AT PREVIOUS LOW 139.8 LEVEL. MONITOR BREXIT JITTERS...

am1rul Updated 

Daily has formed a new low (LL) in big scope view. Price bounced at support 143.5 + daily channel + daily falling wedges Oversold condition in daily & weekly Potential of pullback/retracement before the bears continue Entry level at 143.5 support level or wait for new high in H4 TF. Stops at 143 Take Profit at 149 (TP 1), 150 (TP 2), 151 (TP 3). Macroeconomic...

am1rul Updated 

Potential short setup before we continue for long. Poor UK data gives market mixed signal for May hike rate anticipation. Stops at previous high 153.90 area Take profit at 150 level (TP1) or 147/146 (TP2) for long term swing offer.

am1rul Updated 

Positive comments on Brexit from UK PM Theresa May. Long taken at 145 daily and weekly support area. Trendline confluence. Stops at previous support 144 area. Break of trend line and previous high will give more opportunity to go long on this pair for daily pullback/correction.

am1rul Updated 

Rejection at support levels (147-148) area can be taken as LONG continuation opportunity. Stops below previous low 146.5 area. GBP sets to look BULLISH in long term perspective with progress in Brexit and Good Economic Data. Rise in inflation, improve in wages and unemployment rate being achieved will be good catalyst for BOE to bring back inflation to its 2%...

am1rul Updated 

Yen strengthen as BOJ cut their JGB Purchases to 10% (Tapers QE). Short opportunity at 151.500 (instant) after break of trend line and previous low in the small scope. This pair however are long due for correction. Short continuation can be done at pullback in H4/Daily SL : 153.7 TP : 146/145.672

am1rul Updated 

SHORT TERM DOWNTREND FOR DAILY LONG CONTINUATION. ENTRY AT 61.8 FIB LEVELS STOPS 153 TAKE PROFIT 145

am1rul Updated 

SWING DEMAND AT 140-140.500 area. Take Profit at 147 Stops at 139 Expecting a ranging move in Daily until it breaches one or the other of its SNR. BOE Inflation data to be monitored.

am1rul Updated 

New Low formed in H4. Shorting at 61.8 Fib Area. Swing Target area 140.000

am1rul

New Low (LL) is formed, hence downtrend is still in play. Next target support will be looking at 139 area. However, do monitor Daily as it is at our Golden Ratio Area (GR) and above the trend line. 142.765 remains as our previous high (LH). Break of that level will indicate a trend change in the 4 Hour Chart and Long Continuation in the Daily.

am1rul Updated 

Candle closed rejecting the Daily 50 Fib Level. Monitor the 4 hour chart for a clear confluence of long continuation in the Daily TF. If no new highs are form, bearish remains in favour. Im expecting a short continuation to the Daily 61.8 Fib Level.