Just thought id highlight this, GOLD has made a very fast pull back after a huge bull run as seen also previously months back, I am expecting to see the same thing as we will rally again to make new highs. Also like to note that Warren Buffet is buying gold stocks... also the world still in uncertainly as the crazy 2020 continues, gold will always remain the "safe...
Hey traders I am currently looking at USDJPY making a slight pullback before making another possible move to the upside. As you can see on the 4hr time frame we have had a big rejection from that 105.000 area and now looking like the bulls have this in an uptrend. For every trend we need to expect pullbacks before price continuing on to new areas, I have marked...
I do favour GBPAUD upside, but we will need to break out of this little sideways channel we are seeing. I've highlighted the 2 levels in my group we have taken advantage of the latest upside move. I do see some more consolidation around here before the next big move, but i still think so weakness is on the cards for AUD..
We have seen huge sell offs on the US dollar over the last couple months, as price is starting to slow down i think that USDCAD has huge room to the upside, if we can see some life come back to the USD. I have here a possible set up pending, ill be looking for buys off the support where i have highlighted. This move would create a nice inverse head and shoulders...
Hi traders, GBPUSD is running into a major area of resistance and already showing this area is going to be hard to pass. From the highlighted area ill be looking for short trades, I think price will consolidate and move sideways before making a big move to the downside. The new 1.30000 level of support will be breaking point before the next large move down.
I had highlighted 0.62000 level weeks back looking for shorts from this resistance. Price has shown that its in a big weekly down trend, If not already in this swing trade id be looking on the smaller time frames for an opportunity to hold this short. RBNZ rate statement this week so it could provide that opportunity if not we will see some more downside.
Similar to AUDUSD we need a breather (pullback) if this pair wants to go any higher, price has slowed down and now we seeing a little bit of life in US dollar, this can change very fast tomorrow night with NFP but I'm looking at short positions and quickly move stops to break even..
Looking at the start of the week for a pull back as we where at a significant level of resistance. We have now seen that and bought of the level of support now price looking at possibly taking out previous highs, if we can get a clean break of resistance this pair can gain some serious momentum to the upside..
Possible short opportunities as price is running out of steam and needs to make a pull back at the lest.
Hey guys as I posted earlier in the week i expected price to make its way back down to 105.000 once again from there looking at possible buys. I think that we may have a final manipulation spike to the downside before a quick move back up to make new highs. This pairs taking a bit of patience but price is slowing down and showing good signs.
Been expecting some upside for a few weeks on GA. You can see the highlighted level I have marked out is showing some form of support. I will be looking at buys from around that region if price rejects it again. GBP news later today so could provide some good opportunity to get in. Looking for a continuation from last weeks run and make new highs.
Im currently looking at some short term buys for audjpy to take out 106.800 once again, from there we could see some possible rejections to open up some more short opportunities but will reassess when price gets there.
Looking at catching an intra-day short trade off the back of a very bearish day for usdcad, this could be some early selling before data on friday, we often see moves like this early in the week.
I noted last week I was looking to see a bounce off and around 105.000 which you can now see. Price dipped a little further then i thought last week but then quickly made its way back and up to its next resistance of 106.000. Now I am hoping to see a nice pull back and entry around 105.000 for a further upside continuation up to possibly 106.750.
Price can get very manipulating around a big reversal. Perfect example here without going into much detail I was looking at longs around the highlighted area as you can see, multiple rejections ect.. then we seen a quick sell off to make a new low and try take out any buyers trying to get in to early. The weekly candle close was very important as it made a pin bar...
As mentioned USDJPY had the potential to find its way down to 105.000, then from there I would be looking at longs. Price has slowed down and showing signs of making the upside move. The yen has been strong across the board so this may still need some more time to develop but 105.000 should show a bit of a bounce to the upside.
Just a bit of an update to the idea I posted a few days ago, we have seen the bullish move now that I've been looking for out of the highlighted zone. I will be monitor for further upside and a pull back to get another entry.
As you can see NZDCHF showing rejection off the major level 0.62000 highlighted, with 2 daily bearish candles after price slowed down significantly. Ill be looking for price to push back up a little before trying to place a trade, this could be a longer term trading and may take some time so be patient! good luck for the week ahead!!