Sell explanatory, based on technical analysis of the graph
This idea is quite simple and is totally based of the resistance line that UJ has been moving around for the past few weeks. Safe and Successful trading!
With the USD is about to likely ramp up further against the EUR, and the EUR facing uncertainty of Brexit, it is likely that the pair will see some decline in the next two weeks. We are currently in an uptrend from November 2016 with a very strong trend resistance (black dotted line on chart). With the current economic events approaching and market being where...
Gold to face strong support at the pink line/green box. It is not easy to predict with accuracy where the reversal point would be, however the area that has been highlighted is very likely to lead to another long leg. Safe and successful trading.
Possible swing of this pair to the down side after getting rejected at 162.5± level. If it breaks the red resistance line we might be looking for the beginning of a larger long term move downward as we approach Brexit vote. Watch out for the blue and black resistance lines. Safe and successful trading!
USOIL has been seeing incredible strength after its 26.01 lows earlier this year. It does not show much sign of slowing down and thus it is important to identify possible positions of resistance to its long trend. From the chart I have illustrated 3 levels which are likely to prove some strong resistance. The thicker the line the strong the resistance at each...
Looking forward towards another long leg to continue the bullish trend, I had posted the same previous idea but was a little off due to wrongly drawn support line.
This is a very crucial time for the GJ pair. At this area it has had a high resistance being rejected on multiple occasions in the past. You can see it has a "Quadruple Top" at the moment and the direction that this takes (whether it breaks or rejects) can prove to be a strong determinant of the long term trend on the pair. Keep an eye out at this particular...
Oil is coming to a huge resistance in the next few hours - chances are it will turn and head back down and bears will take over (you can check it out in my related ideas under). This will provide a good long for USDCAD in the yellow box indicated above. Safe and successful trading!
Here we might see a potential short set up on the Gold. Patience until the hit of resistance, I would not enter earlier regardless of RSI and so -Some trend resistance -0.764 short term+long term fib levels -RSI overbought Safe and Successful trading!
Chart is pretty self explanatory, -RSI oversold -0.5 fib -STRONG horizontal resistance!
Long if break above, close above the box Short if break below, close below the box TP-s as indicated by long term trends! Safe and successful trading!
Possible entry at the red circle -Long term resistance, which was broken but re-entered and heading for a retest/bounce! -Short term resistance -0.236 (long term) -0.5 fib level (short term) -RSI oversold Safe and successful trading!
Shorting opportunity: -Strong Resistance -Horizontal Resistance -0.764 fib level Safe and successful trading!
-0.5 fib level -Previous structure -Overbought RSI on 1,2,3,4 hs Good short entry for a few hours!
-Horizontal resistance, -Trend resistance, -Overbought RSI -0.764 fib level Short entry Note: Mind the CAD news tomorrow!