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USD/JPY SELL STOP - 16/10/2017 The pair finally has broken down the lower boundary of the consolidation and is trading below it. The move was sharp and supported by large volume, which is a good bearish signal, but we should note that volume was concentrated at the bottom of the fall and the new support level was created. It is 111.73 - 111.86. So we can open short positions after a sure breakdown of this level on increased volume. A stop loss should be placed above the breakout volume bar. A potential of the fall is more than 100 points. The bottom line: short positions after a breakdown of the support
Short
by trustbrokergroup
GBPUSD BUY STOP - 16/10/2017 The Pound is still trading a little bit above the support level 1.3225 - 1.3254, where large volume is concentrated. So our previous scenario of opening long positions is actual for this currency pair. We can enter the market after a resumption of the growth of the price after a test of the support level or a smooth correction to it. A stop loss should be placed below the support. A potential of the deal is 150+ points. The bottom line: long positions are in priority.
Long
by trustbrokergroup
EUR/USD BUY STOP - 16/10/2017 The Euro tested the local maximum and after a creation of the new resistance 1.1870 the price fell down quite sharp. But even despite such a fall, we should note that the growth of the price was on large volume, while the correction of the pair down was on small one. Besides it, the price came out form the consolidation earlier last week, which is a good bullish momentum. That’s why it is worth considering the scenario of the breakout of the resistance and opening long positions.The breakout move should be abrupt and supported by large volume in order to avoid fake breakout and to get an accurate entry point. A stop loss should be placed below the breakout volume bar. A potential of the deal is up to 110 points. The bottom line: long positions after a sure breakout of the resistance
Long
by trustbrokergroup
XAU/USD - GOLD BUY 13/10/2017 Gold had broken out the previous resistance and was fixed above it. We should note that the breakout move was smooth and on small volume, but before it large volume appeared at the daily minimum and pushed the price up. So we can guess that buyers have opened longs at that level and then gold grew up. Also we need to point out the new support level 1290.20, from which the abrupt growth began. Given all the facts above, we should give preference to long positions for gold. We can enter the market after a smooth downward correction in order to get a better entry point and, as consequence, a better risk/profit ratio. A stop loss should be placed below the support. A potential of the deal is 140+ pips. The bottom line: long positions after a smooth downward correction.
TVC:GOLDLong
by trustbrokergroup
GBP/USD BUY - 13/10/2017 Yesterday GBP/USD showed a V-pattern: first the price fell on the average volume, and then it grew rapidly, with the upward price movement was on very large volume and completely absorbed the previous fall of the pair. This price movement is an excellent bullish signal.Also it is worth noting the formation of a new support level of 1.3225 - 1.3254, in which large volume is concentrated. Given all of the above facts, it is worth giving preference exceptionally to long positions for the pound. We can open long positions after the resumption of price growth, especially if before that, it will test the level of support. A stop loss should be placed just below this level. The potential of the deal is about 150-160 points. The bottom line: long positions are in priority.
Long
by trustbrokergroup
EURUSD BUY - 13/10/2017 The Euro showed a smooth downward correction yesterday. The move was also on small volume, so we should consider it as a technical correction, not as a reversal signal. Moreover, the pair is still trading above the previous correction. So that our previous scenario of opening long positions remains the actual. We should enter the market after a resumption of the growth of the price on large volume. A stop loss should be placed below the beginning of the abrupt move. A potential of the deal is 100-110 pips. The bottom line: long positions are in priority.
Long
by trustbrokergroup