EURJPY SWING BASED LONGS FAVORED..HOLD FOR TWO WEEKS-1 MONTH..
Standard break-out pullback -continuation pattern in the works...as GOLD breaks through the long term bearish channel, am waiting for a pull back and a bullish candle formation near or towards the break line, as shown on the weekly chart in blue rectangle....move to daily or the 4HR candle chart for better long entry..
HAVING COMPLETED AB=CD MOVE DOWN TO LONG TERM STRUCTURE SUPPORT, FTSE100 MIGHT BE BEGIN TO TURN AROUND FOR THE MUCH NEEDED BOUNCE..
AS THE SET-UP SUGGESTS ON THE HOURLY CHART A TURN AROUND IN USDJPY SLIDE COULD BE HERE..IF THERE'S A BREAK AND CLOSE ABOVE 115.50, THEN WAIT FOR A PULL-BACK FOR A RETEST OF TE BROKEN PRICE ZONE...IF THAT HAPPENS , LOOK FOR BULLISH PRICE ACTION (ESPECIALLY LONG-TAILED PIN BARS ON THAT RETEST) ON THE RETEST TO GO LONG THE PAIR..HOLD LONG FOR THE REST OF THE WEEK...
I EXPECT A FURTHER DROP IN PRICE INTO THE COMPLETION OF THE BULLISH CYPHER PATTERN(AT THE ARROW) BEFORE A RENEWED GRIND HIGHER IN THE PRICE OF OIL..IN MY VIEW, THE LOWS ARE SEEN FOR THE YEAR..FUNDAMENTALLY, SINCE THE IRANIAN DEAL COULD NOT PUSH IT FURTHER DOWN,BUYERS ARE GRADUALLY STEPPING BACK IN..
(FOR THE MRONING)...GOING LONG AUDNZD IN LINE WITH LONG TERM TREND
HAVING HIT LONG TERM RESISTANCE-TURNED SUPPORT..AM GOING LONG ON A SWING BASED TRADE..
GOING LONG ON EURCAD IN LINE WITH LONG TERM OUTLOOK..
GOING SHORT ON THE RETEST OF THE BROKEN STRUCTURE WHICH IS HIGHLY LIKELY TO BECOME RESISTANCE WHERE THE ARROW IS...ALREADY, A REJECTION CANDLE HAS BEEN FORMED AT THAT ZONE ,SIGNALING FURTHER DOWNSIDE PUSH..
RECENT WEEKLY CHART TECHNICAL SET-UP CONFIRMS MY LONGER TERM OUTLOOK ON GOLD....THE LOWS HAVE BEEN SEEN...AM LOADING UP FOR LONGS..
TREND CONTINUATION MOST LIKELY AT THE CURRENT PRIZE LEVELS..
BULLISH SIGNS SHOWING AT THE RETEST OF THE PREVIOUS STRUCTURE SUPPORT ZONE..
After massive pull-back in APPLE, and having retraced to a long-held structure support..i expect buyers to come in and induce a bounce in the stock's price
After having sold off aggressively, buyers will begin to come into APPLE around the current price level( $100-$102) move 1hr charts to get better buy entry however...