I believe AUDJPY will make it to 105 .. However, I think price needs to retrace down to the 98-99 area before shooting up again. I remain bullish long term but I want to buy at a better price preferably if I see bullish signs in the green zone on the daily. If I do not get a retracement back to the green area, then no trade (Maybe short at 105)
Long Crude OIL WTI to 75.18 (Daily Pivot)
Based on Harmonics, we are in a buy area currently with targets and SL shown on the chart. Keep your SL tight
I am seeing a bearish divergence on the daily time frame. Price made a higher high while RSI made a lower high. I am expecting price to move lower to 0.954 (previous resistance area which may act as support). The utlimate target though is 0.9447 (the bottom of the channel & a previous resistance level) A break above the channel invalidates this setup. Stop...
- Bullish Divergence on H4 - Looks similar to price action back on early October - I like how EURUSD has been retracing on a 28 degrees angle - I like going long to 1.255 & maybe 1.261 IF price crosses above the current minor support level, come back for a re-test then I will issue the buy order. - SL 10 pips below the lows or on a break of the trendline. SL can...
I believe price of silver will attempt to climb to 18.50 however it needs to take out 16.16, 16.72 If it manages to clear out those level, then 18.50 looks achievable (previous resistance level which may act as support), A break below the lows will take price to 14.64 A buy will be initiated on Monday with a tight stop loss ... I will use a trailing stop of $0.5...
Overall Trend - Bearish - A break of 1132 will take price to 1086 - If price breaks 1185 higher, 1230-1240 is next resistance - A break above 1256-1260 is bullish for gold I am bearish to 1028 or lower in the long term, however a break above 1260 is bullish for Gold. In the short term, I think we will see 1220-1230
I can see the following: 1. Bullish Divergence: Price made a higher low while RSI made a lower low 2. Missed Daily Pivot @ 1.4328 - Price is going to attempt to reach this level 3. Price broke a 1st aggressive trendline and is gravitating to the 2nd trendline 4. A break above the second trendline validates the setup 5. Entry on the 15M time frame - expecting...
I am in Love with a Gold buy trades as shown in the chart
I think the USD is over-bought currently and I am expecting a move lower in the USD Index. This means I can take a basket trades - Long EUR/USD, GBPUSD, AUDUSD, NZDUSD, XAUUSD - Short USDCHF, USDJPY, USDCAD - Waiting for a break below the trendline - Stop Loss when price takes out 11077 on the index - Target - when price reaches the outer trendline or the 1.27...
I am anticipating a move to 1.115 in USDCAD H4 time frame The pair has been making lower highs and lower lows
Double Top ... break of trendline, currently in pullback. I am anticipating a move to 0.9800 or lower
Observations 1. Divergence between price and stochastic as seen on chart 2. Expecting price to rise to the 1.618 Fib extension @ 1358 3. 100EMA will probably come down to meet the 161.8 Fib extension 4. Entry discussed on the H4 time frame (basically on a break of 100EMA on H4) 5. Stop Loss in case of entry is below the lows
Observations 1. Price broke a long term up trend line on July 2nd 2014 and has since been dropping. 2. The 1.618 Fib extension for the latest down swing is around 1.3817 3. Hidden divergence is seen (Price made a lower high while stochastic made a higher high) 4. The 100EMA seems to be giving good resistance to price 5. Stochastic is in the over-bought area hence...
Observations 1. Price broke a long term down trend line on May 13th 2014 and has since been going higher. 2. Yearly Pivot is still unhit @ 0.8719 3. The 1.618 Fib extension for the latest up swing is around 0.8700 4. Hidden divergence is seen (Price made a higher low while stochastic made a lower low) Expectations - I expect price will move up in the coming days...
Shorting EURAUD on a break of blue trend line .. profit targets shown on the chart
Explanation in Chart