GBPJPY RETEST THE BOX IN RETRACEMENT !! TP 150PIPS SL MAXX 50PIPS
I have found this box pettern on palladium. Ratio 1:1.4
Ratio 1:3 after break trading box.
USDJPY after it broke box range dropped all the way down filling the gap @ 109.50 as we know gaps serve as support in this case. If price breaks below gap support the next target is 108.50
FX:EURUSD I'm long again on this Bull Flag breakout. The market reading is the same as today earlier, but with a different timeframe and momentum. The actual candle just formed a big Bullish Outside Bar, breaking up the consolidation box and showing the strong up momentum. The day trading relies good part on timing and momentum, it's important we realize that.
USDCHF has been moving around parity but its dancing days might (hopefully) be almost over. In the last days the pair bounced between two important moving averages: the 100 SMA and the 200 SMA (in the chart, the Turquoise and Black ones are actually EMAs though). And all around the roundest round number 1.00000. The SMA(100) and the SMA(200) are getting closer...
USDCHF has been moving around parity but its dancing days might (hopefully) be almost over. In the last days the pair bounced between two important moving averages: the 100 SMA and the 200 SMA (in the chart, the Turquoise and Black ones are actually EMAs though). And all around the roundest round number 1.00000. This could mean a breakout due soon. Update your...
AUDJPY has been consolidating in a Box for 10 weeks now and started to form a Wedge inside that box in the last 5 weeks. The pair will thus probably give a good breakout soon in one of the two directions with different level of Targets. Patience required to plan the setup.
AUDJPY has been consolidating in a Box for 10 weeks now and started to form a Wedge inside that box in the last 5 weeks. The pair will thus probably give a good breakout soon in one of the two directions with different level of Targets. Patience required to plan the setup.
OIL under observation for possible LONG positions. The indicator in my algorithm has shown good results in this last month on the Daily chart (blue rectangles in the original post on my blog). This ticker has been ranging in a box between 53.00 and 56.85 (apart from a couple of false breakouts long) which suggests - together with macro indicators - that the price...
#EURGBP has been trading in a box in the last week. Macro indicators from all sides show the weakness of the GBP, so we expect a breakout LONG with some levels of TP for the short/medium term: around the 88, around the 89 and then further up to 89.5 and over to be confirmed by technical indicators. A bit of reassessment was expected to happen at the market...
There was low volume since it since like people are not that excited to move the price around the night before the fed hike D-Day. Here are my set ups for tomorrow. Got some extra $DUST and $JDST today on the dips that occurred today. I will expect lower volume tomorrow prior to the release/Yellen Speach. Stay close to the button when it hits 2PM EST. My call is...
STOCH and MACD is showling a slow reversal into a bullish motion. Not claiming that gold has hit bottom, bc we are still in a bear strong trend. Let's see who wins this fight inthe 1160-1156 range.
During the Asian Market, if gold is able to break the blue barriers at 1167.40 it till continue in the red down channel. If it is able to use it as a support it can return and retest 1170 mark. if bear continues to go past the first blue, see anther blue support at 1163.40 which it had difficulty in the past. Keep you eyes on the USDJPY and USDEUR to support your...
The tight 1170-1172 range will determine the trend for the day. Whoever is able to proper break those thresholds ride that wave. as always, safe trading!
Expect to see a bigger fall if bears can bring the gold price to cross the 1172 threshold marked in red line. If somehow the bulls are able to bring it back up to 1176, it can trend up to 1180 (next resistance level). THe odds are on your side if you are following the bear train. Safe trading y'all~
The gold bulls will try to bring the price back up to 1170. Buying up every dip in the yellow box. However, Bears also have a plan of their own. They will be striving for their next goal which is the support of 1165/1160. Remember, Safe Trading!