powerfulDealerunique

powerfulDealerunique

we could be seeing a head and shoulders forming on gold depending if we are to get a move upwards over the next day or 2 just an idea...

powerfulDealerunique

as we are seeing USD strength coming into the market and GBPUSD respecting previous resistance and broke upwards trendline, will be waiting for possible retracement/ correction before entry.

powerfulDealerunique Updated 

possibly looking for a short position on NZDJPY. we may get one of the ideas i have marked put using RED and BLUE arrows. SL: above resistance TP:recent lows

powerfulDealerunique

as mentioned before in a previous idea i believed CADJPY was going to reverse after rejecting the channel resistance and previous resistance/support. 4HR

powerfulDealerunique

as mentioned in a previous post (will link idea) i was looking for support to hold and so far so good... gold buys quite possibly incoming ! this is just a idea not financial advice.

powerfulDealerunique

looking very similar to CADJPY looking for resistance to hold and reversal patterns on smaller TF once we each our point of interest.

powerfulDealerunique

we could possibly be forming a large correction on the daily TF will be looking for resistance to hold and reversal patterns on smaller time frame to confirm a trend reversal. justt an idea that is all.

powerfulDealerunique

we have rejected the resistance zone and could well be setting up for a short term sell trade. i would be trailing stops on this if it was to play out as we are still in a very strong uptrend, and could continue upwards after finding some previous support. ACTIVELY MANAGE TRADE (all my ideas are simply ideas this is not financial advice)

powerfulDealerunique

caught a lovely scalp this morning on GBPJPY very small SL for a lovely profit, TP got smashed. I do believe there is alot more upside to come, however this was just a quick scalp to bank profits ready for the next opportunity.

powerfulDealerunique

will be watching gold closely next week for possible buys proving the support holds, support holds i shall look for reversals on smaller time frame (1HR-15MIN) with stops below support and first target recent highs.

powerfulDealerunique

possible buys for next week on the smaller time frames on gold i have marked out fib retracement levels off the 4hr TF. we still have strong fundamentals for a BUY bias. we are in a strong uptrend on all time frames and with USD tanking and possible futher weakness ahead we could find gold to be quite the asset on the rise.