Hello Traders! palladium (XPD) price is a " pip " away from all time High . I am looking for a long term sell, which means that I will try to hold the trade until the end of 2018. However, if we get to 700 I will close the trade with some mad profits. Dollar is expected to get stronger until the end of 2018, so lets see how we do. Wonder where is my SL? Send...
Don't get hung up on the stock market, the bubbles. commodities are on sale!
Good confluence between a head and shoulders forming, a counter trendline test and a fib retracement.
Entry: 0.73180 - Bearish breakout of previous bullish trend line - Potential reversal from bullish to bearish below 0.74000, key resistance zone - Retest of the trend line to go short Stop: 0.74050 - Placed above previous high and 0.74000 Target: 0.69200 (+4.5R)
Expect DXY to gain some strength in the first part of the week (100.75 - 101.00). Midterm i think DXY has still some room to drop.
AUD/USD did not play out how we predicted last week! Trump's press conference gave USD a chance to correct and give this pair a push higher to break support and this descending trendline. AUD/USD is currently sitting at key weekly support which price reacted off nicely recently. We will be looking for a pullback to the 50 fib/next support at 0.7350 to form a right...
Short taken on Friday. noticed the 3rd trend line touch, alongside the formation of a tweezer top at the 50% fib level. The MA's have also just crossed indicating downside momentum when you go down to 2H time frame, which i entered off after a counter trend line break. entry @ 0.7318 stop - 0.7370 tp1 -0.7165 tp2 - 0.0750 1:3 risk reward peace !
Fibonacci hit a D at 1.0350 almost to the pip, a new fib has formed. Expecting a move up to 1.0460, where the dollar strength will resume and push down to new lows and to the 161.8% extension at 1.0150