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Bulltrend

GBPUSD Monthly Outlook 01/11/2017Cable has been respecting the ascending Monthly trend line as highlighted with lots of Higher highs being created. This month not only was the ascending trend line respected and rejected with a very long wick, we also closed above the Descending trend line. on the lover time frames we have a strong 0.618 retracement on the Daily. I think we could see the pair rise to test recent highs at the 1.34000 level and possibly even a retest of the 1.40400 area
Long
by Wonour
3 Scenarios for an USDJPY long entry.Depending on how much risk you are willing to take, here are some key levels you should look at. UJ showed some resistance reaction when it did hit the high around 118.50 last week. Therefor we could be at an area with a potential scalp short to re-enter for this Dollar rally. The risk reward is pretty good for a scalp short at this point. + a simply upside break would extend this rally even further to the last year highs. High risk since this could prove to be a simple fake out followed by a rapid dump. + retrace to the 114 area with the 0.618 pitchfork line. Also the area of the FOMC rate hike breakout. + a deeper retracement to the 112-111.30 area for the patience people. Here you have the media-line of the pitchfork move as well as the first 0.618 fib-entrancement entry. Scalp shorts can be possible at this point. But keep tight stops and also move your stop to break even if it breaks down from the recent lows. Good Luck!
Long
by GaliX
1
Time for some downLooking like a lower high and near enough to be called a double top. Price action looks weak, expecting some short term bearish movements. Targets are 2880, 2820 and with a possibility of going as low as 2740. Do not despair, these prices will still be a very healthy higher low, and we will still be in an up trend. I must note caution here, I am not actually shorting this and do not recommend it as a short opportunity, take some profit, then buy the dip. Still a bull trend.
B
by noomnahor
Down Jones $INDU 100 Year Mega Trend Bull MarketBetting against the USA can be bad for your portfolio longer term. Bias is a killer in all time frames. Many would be "smart guys" have debated the end of this mega trend based on their so called understanding of the US debt situation or other "urgent crisis" they are sure is going to bring about the end. All this while being too myopic to zoom out for real context to price and see that all that dribble has been meaningless. Get all the concerns over political party, geopolitical events, or fiscal worry out of your minds or you will be unable to see the very simple reality in front of you. There is only one entity that is leading this nation & its not a Repubican or a Democrat. The boss in every business I've ever worked in was the one with the money writing checks!! Only entity in the USA doing this is the Federal Reserve our Central Bank. As long as they will keep printing paper real assets will continue to reprice in terms of an ever increasing medium of exchange. Thats about all you need to know so keep it simple and skip the side show on TV. There are a lot of "experts" & even more opinions out there but very little understanding of how this whole machine really works. K.I.S.S. and remember the trend is your friend don't bet against it no matter the rational you are sold.
ILong
by Kazonomics
15