EURGBP are in a 10 point range for the past 4 years. The trade is neutral at present. The Sell will come at .93 , with a stop at .95 and target of .85 . RR=4 The buy will come at .83, with stop at ,81 and a target of .91. RR 4 Otherwise , give it a miss.....
Gold has entered into the Overbought region in 2008, 2010 and 2019. Furthermore a divergence of price and momentum has shown a sharp correction shortly thereafter. This may be occurring now, with a divergence looking to developing. A short is considered 1. Enter - $ 1685 2. Stop - $ 1725 3. Target - $ 1350 4. RR = 8
Oil is plummeting in recent weeks. The Suadi's are putting pressure on Russians for not complying with OPEC production targets , and have ramped up supply. Put this into the context of the US-China trade war and the global effects on all economies with the Covid 19 virus and demand diminishes. It is obvious that current price is haemorrhaging money out of The...
The Aussie has all 3 moving averages in line , confirming the momentum to the downside. Go with the flow and look for a short Entry - .62 Stop - above recent high of .67 Target - .50 RR = 2+.....
The ASX200 has been in freefall in 2020 with the rise of the Global Pandemic. The recent price bounce is off an area of support, and coincides with the US Presidents remarks on being back up and running by Easter 2020. Good luck with that. Price will rise (on this announcement) , but resistance may be felt at the prior swing low. Look to short this market, as...
Pound is at the top of a long standing channel, with price in the overbought zone and divergent to momentum. Considering this as a potential reversal zone, not only to the longer term means , but also towards channel support. The short idea is on chart ....
Possible bullish Pound Flag in the making.. Enter at support of flag at 1.2780 Stop below 50 mav Target - flag pole extension @ 1.3570 RR = 6
Possibility of an ABC channel setup for gold Look to short 1. Enter - between the .5 and .618 fib retracement of current minor swing down leg , to the horizontal resistance around 1484. 2. Stop - just above B point 3. Target - Channel support at point C around 1425. RR around 2......
Since April 2018 the Aussie has been contained to the upside by the 200 MAV. As price approaches this dynamic resistance considering a short 1. Short - around .6950. 2. Stop - above Monthly R1 around .7010 3. Target - prior low .6880 RR = 4.5......
Looking for a confluent zone to short Kiwi Short entry - Confluent zone = R2 monthly pivot , 200 MAV, .618 fib retracement. Stop - just outside .782 fib Target - Montly S1 Pivot RR = 3
Considering a short trade for Gold 1. Entry - at top of channel , with strong overlying resistance by 200 MAV and the monthly Pivot Point. 2. Stop above the prior channel swing high 3. Target - the bottom of channel and the Monthly S1 pivot RR = 2.5 + ... resistance expected at range low of 1480 and prior swing low of 1462.
Gold is clearly now in a corrective mode , with more likely to follow. Consider 1. Entry at horizontal resistance 2. Target prior horizontal level now support. 3. Stop above monthly pivot point Risk reward is 3+
A H&S pattern may be in the making for this index. Momentum is waning with the current impulsive uptrend, and price looks to correct towards the longer time frame MA's. A short trade can be considered , as charted , considering a stopped out position just above a potential right shoulder. The targets could be the monthly S1 and S2 pivots, the latter providing...
Looking for a correction of the current impulsive wave , targeting either the nearest level of support or the 200 period MAV/fib .50 level. The stop is above the minor swing high. The risk reward is between 2 and 3.
EURUSD is near channel resistance. Considering a short , with the possibility that point B , the last lower high holds. Enter now Stop above B point. Target the channel trendline support The RR is worth the consideration at 4+
GBPJPY has clearly rejected price at 126 level and has reentered a long standing downward trending channel. It is possible that Pound will again rise to test a price level between 140-142 . Which coincides with a. 50 period MA b. Monthly R4 Pivot c. Fib .618 retracement. This may only take the conclusion of September....... So for the next 2 weeks there is...
Price has bounced off the supporting level of 104 + , over the last 3 weeks. Looking for more of the same in the coming week as price moves towards the next point in consolidation around 111.50 . Look for entry long on any lower time frame with price retracement ..
The Pound has been on a long term downtrend against the USD since 2007. Recent price action has come close to testing multiyear lows = ROCK BOTTOM. The monthly chart suggests it may complete a Morning Star candlestick pattern , which would signify a potential trend reversal , and a DOUBLE BOTTOM pattern. If a reversal is in play , then a conservative fib...