I gave this area out last week and expect price may return, 1.13000 could be the support and right shoulder to boost USDCAD back to the upside.
I like to think of this move as in a spring ( if you compress a spring you get a big reaction ) you compress price action you get a breakout... Gold has taken a breather after a huge bull run.. I've seen this formation many times, price compressing together in a triangle shape then a big breakout. I do favour the upside as I think gold hasn't finished its rally,...
Caught a nice upside move from the right shoulder as marked last week. I've had the long term long bias for a while now but just trading as it comes. You can see I have marked out 2 major levels where price is stuck between on the daily, I'm looking at price eventually breaking to the upside in the long run but also aware that there could be some nice intra-day...
I expect to see a bit of congestion around this level of 1.30000 but we are only just coming into it now. Ill be looking for longer term buy trades but not just yet as its not very often we see price spike into these major levels and change direction that quickly.. most traders should know these levels, so do big institutional traders (big banks) and that is where...
I was looking for longs last night but got taken out at break even, we are still hanging on this support level possibly waiting for Aussie dollar to show some weakness and push this back up. RBA rate statement and cash rate in a couple hours so we may see a fast move from here. Ill be looking for a fake move before the news and been very cautious with moving my...
GBPAUD is at the time of righting this showing good signs of a bouncing off that 1hr trendline support to potentialy making headway towards 1.83500 and above.
Id like to share my view on USDJPY.. I see great opportunity this week for a trade as price has been showing a bullish move from the lows of 105.000 area with multiple bounces off the ascending trend line. Price has compressed on this lower 1 hr time frame showing that it is ready for a big explosive move to the upside through resistance at 106.000 with targets of...
As I posted this level last week it has shown great support, i expect a bit of a side ways move on gold and its had a well needed breather after such a huge bull run. It has been exploding to the upside after many crazy world events and continues to rally as this craziness is happening around the world. For people that do not know gold is known as a "safe haven"...
I have been expecting Aussie dollar weakness for some time now and now everything is lining up. As you can see I have just highlighted a major level on audjpy and price is starting a quick sell off after the lucky third drive into resistance and failing to break higher. From current levels id be waiting for a pull back and then jumping on some possible short trades.
We have seen some fast sell offs on USD pairs on the back of some US dollar strength, but will this continue? Remember that these pairs GBPUSD AUDUSD EURUSD ect are still in longer term up trends as the last lower highs still haven't been taken out. I am looking for a slow down in price and on these pairs GBPUSD in particular if price can push up to the red...
I have highlighted this area of support that price seems to be respecting so far, ill be looking for possible buy trades from here to continue with the overall long term trend. Ill be keep stops tight as gold can fall very fast since been on such a bullish run..
I have expected some life in the usd and finally got it yesterday with a nice bullish push. I am looking for a further move up if this highlighted support holds.
I have been taking advantage of the side ways movement for the last few weeks bouncing from support to resistance over and over, but like I have also been pointing out there is huge room to the upside on the higher time frames. I do think we are going to see a break and continuation on higher very soon as AUD shows good signs of more weakness. My ideal situation...
USDJPY already bouncing off 105.000 support, ill be looking for another pull back to confirm the support and ill be looking at getting in on a long trade.
140.000 is a huge resistance for GBPJPY. I am looking for a bit more of price action around this level and then jumping into a short. Its a huge area so we may see price play around here for a bit before making its next big move.. with 2 bearish daily candles is showing promising signs..
Price is still bouncing side to side as highlighted making a consolidating channel. I do expect some longer term upside on GA so will have my eyes on buys from the bottom of the zone where price is currently 1.81500.
I had 106.000 marked out and expecting a possible long from there but no signs were given. We seen a strong bearish daily and continuation on today, I expect price to make its way to 105.000 and possibly look for long positions from there.
Bit of an update to my last post... I seen the same pull back happening now that did a few months back. Price has been on this steep incline for a while now and every pull back we have seen quickly reverse back the upside showing bulls full control. We have now seen price already jump $50 in the last day. If you are holding positions id be making sure my stop loss...