olly48

olly48

I posted on Gold last week that I was expecting a big move. It dropped a bit after that but now is looking like breaking higher. It now looks like it has broken a resistance and is rising to the trendline. I expect it to break above the trendline as well and test the next resistance. For a safer entry you can wait for it to retrace from this resistance level to...

olly48

GBP is looking very strong and I expect it to push higher. Price on this is currently at resistance but with the momentum this should go straight through it. I have set 2 take profits as I am ultimately aiming for TP 2 but TP 1 allows for exiting the trade and re-entering after a retracement.

olly48

Looking like weakness in JPY and strength in GBP at the moment which combined should push this higher. We are currently at resistance and price is looking bullish so i expect this to push on. MACD and EMA's suggest this is only going up. Targeting the previous high of 147.961. SL just below support.

olly48

This is at support so looking for a rejection to long up to resistance and the top of the ascending triangle. EUR is quite weak at the moment so some risk to this, it is further protected though by the lower trendline which I have placed the SL just below. TP is at the previous high of 1.08680. To be on the safer side wait for price to reject this level and EMA's...

olly48

Bit late to this one unfortunately, was going to post about it yesterday but didn't. It has given up all its gains from last weeks spike and filled in most of the daily wick and is now turning back higher. MACD and EMA's have this pushing back up to resistance at 1.80235. From there wait to see if it can break above.

olly48

I have previously mentioned that this is near a major downward trendline. There is also a lower trendline which has the price on this tapering to a point. Price is looking more likely to breakout higher from here providing it breaks the resistance. If it does then we can look for a long after a retrace, keep in mind there could be a false breakout although with...

olly48

This has settled after the move last week. The spike has had some retracement and created a support. A long from here should be fairly safe, environment is bullish as can be seen using MACD and EMA's on 4HR and daily timeframes. Target is 1.77585 as there is a lot of previous structure and resistance around this level.

olly48

This has broken above the previous high and is now retracing back to test it as a support. A long can be entered here if we see the rejection. MACD and EMA's are bullish, especially on the daily timeframe. I have set 2 take profit targets, I originally was only looking to reach TP 2 but that could be too ambitious and who knows what can change in the time it would...

olly48

This has made a big move from support. I previously marked this out as a buy area and this strong bounce looks good. Price needs to hold above the support I have marked with the black rectangle. If the daily candle closes above this then its definitely looking good to push higher. EMA's have only just crossed and MACD is just passing 0 so it would be nice to see...

olly48

Already long on this but it is currently retracing which offers those not in the trade another chance to enter. Enter once price reaches support, target is the same at 84.571.

olly48

This has broken the previous high. If you are not already long on this then wait for a pullback to test the previous resistance which will now act as support. A long can be entered here with a target of 1.40

olly48

This plummeted yesterday and this morning which made for a great trade on yesterdays idea to short. This is now at support so I expect some hold up at this point with a slight retrace before potentially breaking through the next support. I do not expect much resistance to breaking this support so a short can be taken on the retrace at around 105 would be good....

olly48

Good opportunity to long this from current price. It has retraced to 0.618 Fibonacci and filled the gap after spiking a couple of weeks ago. This is a market that is only going to grow and Beyond Meat are probably the biggest name in it. target is at least the all time high at 239.71.

olly48

I have just closed a very profitable long on the cannabis index. This can only go up in the long run but I had to secure the profits. I am looking for this to retrace to between 0.5 and 0.618 Fibonacci before entering long again. It is very overbought on RSI across all timeframes so a correction needs to happen soon. Long term this will break all time highs (these...

olly48 Updated 

This is now rising from the support I marked out on this pairing 3 days ago. Unfortunately for those that may have entered the long when I posted it may have just touched the SL, hopefully it just avoided as it is now rising again. MACD is set to go bullish above 0 and EMA's are about to cross over. I have set TP at the previous high of 127.344. SL just below the...

olly48

This has retraced to 0.5 Fibonacci, looking for this to now continue downwards to the support level. Need to wait for confirmation of this first as MACD and EMA's are on the bullish side, need to see MACD start dropping and EMA's to cross back over. TP is just below 0.382 Fib at 116.234.

olly48

This is at a support level and I am expecting it to rise slightly from here before breaking through. It is too risky to enter before it breaks the support but if it does then a short can be entered on a retest of this level which would then be acting as resistance. Target would be 1.4232

olly48

Since my last update on this pair it has broken out as I expected. It is now retracing to the neckline marked with the blue line, this would be another chance to long if you are not already longing this pair. My target on this is 0.80548 although if you are looking for a more short term trade then the previous top of 0.78203 is also a good TP to aim for.