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USDJPY already breaks the Triangle, we might have possibility for USDJPY to drop more and therefore I'm looking forward to use this moment to make some profits.
Hopefully it drops and hit my TP :)
Buyers in control, USDJPY will go up sooner or later.
I Buy this market and expecting higher price in USDJPY.
GOOD LUCK and HAPPY PROFITS !! :)
As you can see, the last time Big Boys entry to breakout the Support was quiet strong. Last night, the market try to retest the Big Boys, but the momentum of the Buyers are start to fading and create a Descending Triangle pattern, therefore Short for make money is the best way :)
Good luck and happy profits !! :)
USDJPY Confirmed the Double Top Pattern, and the Support Line from the minor uptrend already breakout with a confirmation re-test.
I think it's best for us to follow the Big Boys to continue the Downtrend.
Short for make money :)
Good luck and have a nice profits !! :)
I saw a minor downtrend in lower time frame, and after the breakout happened in the last Support, I took the opportunity to Short it.
Right now, I'm shorting EURUSD with Target around @1.2230 with Stop Loss @1.2360.
Good luck and happy trading ! :)
Extra detail for the recent post about Gold.
Head and Shoulder formed in AUDUSD.
After last week retest Resistance in the Neckline, I took a Short position and still holding it till now, but I think I'm going to clear it out if the Support around 0.7635 still hold and keep this pair to consolidate around the Neckline Resistance and Support level.
Hopefully this analysis helpful, if it does please help me ...
Gold was drop about $10 in the Friday's session last week. This probably is the testing phase for Support level around 1273.
The last breach in Gold happened in around $1281 with a recent low at $1273, so I think this area could become a good support level.
I still have believe that Gold could be up in any moment if $1273 holds as the new Support ...
From last day closed price, we can see that Gold was create a new high area from the past 2 weeks.
The Double Bottom pattern, that we recognized about a week ago could give an indication for the bottom of the correction. The price keeps bouncing every time it touched the 61.8% Fibo.
From this information and a little bit confirmation, I took a long position in ...
Based on the Daily Chart, Gold have potential to create Double Bottom.
But still, everything can happen since this week, we have so many data that will move the market into something that hard to predict.
I do believe there is potential for Gold to creating Double Bottom pattern and shows us a chance for Reversal in this area.
This area also a 0.618 Fib Retrace ...
Head and Shoulder in the Daily Timeframe has already broken.
ECB's Decision last week made a great damage to the Bulls and the price might be testing 1.1670 for a pullback and will continue to drop since H & S is also a pattern that sign a reversal in market.
Sentiment : BEARISH
Resistance : 1.1670
Support : 1.1488
Based on Supply and Demand, this area might become a strong support.
As we can see with what happened in this area before, the price respond with high emotional and suddenly got boost to up above $1300.
So at least, this price will hold for several days since even tho DXY trade higher today, Gold still can survive from the pressure and maintaining 0.618 Fibonacci ...
As we can see, the market keep trying to hold above the critical area that can damage the Bullish trend.
From this chart, I can see that Gold was trading in a symmetrical triangle. We are going to reach the end of the apex in a few days, and if this breaks above the Resistance Line, could be a beginning for Gold to continue track higher prices.
0.786 Fib was ...
I still waiting an opportunity to go Long in Gold.
By what I saw in the last day closed price, this might be a new low area.
In the Daily chart we saw an Engulfing Bearish candlestick pattern and this happened in the downtrend, some people that I talked to today said that this Engulfing might be representing an exhaustion downtrend and could be a potential for a ...
Based on what happened last day, we've got a confirmation Candle from the Bearish Engulfing pattern that happened in Monday.
This candle gave us a sign that the correction might be continue.
A combination of a strong U.S. dollar and a risk-on environment, created as the Dow Jones Industrial Average flirted with 23,000, caused many traders to doubt the ability for ...
Also don't forget to consider this as strong reversal pattern. This just happened in the weekly time frame, which is giving us a strong indication of a reversal.
I also considered this as the reason why I still maintain the Long Position.
So better be watch out if you Short the Gold and keep watch for ...
The momentum of Gold to keep rising still in the good mood.
As we see the Gold keep rising till breakout the critical Resistance area $1299, this area was my target from 10th October based on Fibonacci level.
The upside spike is the result of bad inflation numbers that were released last night. It was below expectations, and caused a question whether or not The ...
Yesterday I added position for my long Gold @1285.00.
By now I closed it already @1295.50 for profit +105 Pips.
I still hold my original position @1283.50 for more profits.
I'm going to thrill my Stop Loss soon this week, as you can see we have a really nice upside move and keep going up for another higher level.
As we spoke earlier yesterday.
GDP Q3 might be ...