Well, well, well. Our TP's Hit! Prices could of course plummet even further however, I think we might have an opportunity to go long very soon!
DXY Dollar Index DXY has rallied from lowest blue line (just out in fact, but close, considering how far it has fallen now) and rallied to the next line pretty much spot-on. So it's now vulnerable again at this point....it has to push up through this next line right here at 89.42 and hold above here for the dollar to go up any more and therefore for EUR and...
EURUSD The upside target for EUR has been hit at 1.1648-1.1665 after an intraday high in London at 1.1653 for a 140 pip win. Now it's time to reverse the position, as per comment.
if Eurjpy fails to break that fibonnacci level on the upside, it will retrace downwards
XAU/USD broke the descending Trendline to the upside as expected. I hope you caught this move. I personally missed this one. Trade safe, Daniel Likes and comments are appreciated and would keep me motivated
The Risky BOJ front run trade using CPI inferences - I find it very interesting that the BOJ is releasing ALL of its key economic data (minus GDP) before making the easing decision, especially as we have already had CPI data this month so we will have an 2 CPI releases in one month which ive never seen happen before (CPI from JPY is usually due next week). -...
BOJ Miss - Sell GBPJPY @Market price; 129tp1 - up to 800pips. 1. A BOJ miss can be considered as delivering the median expectations e.g. 10bps cut to the depo (-0.2%), 10bps cut to the LSP (-0.1%), Yen10trn increase in monthly JGB purchases & 50% Increase in Annual ETF purchases e.g. 3.3trn-5trn. Fiscal Stimulus Yen10-15trn. - The package above or less...
Apple earnings to be released after market today Expectations: 1. 1.39EPS and $42.31bn Revenue - I personally have been an Apple bull for some time - I believe the bar for apple has been set low, with EPS 25% lower than last year and Revenue target also 15% lower than last year - I think this is achievable as Iphone SE sales will be included in the income...
So far EG is behaving as expected after weekly candle closed below trend line and harmonic pattern was completed. First target was hit at the 127 Fib extension, short remains active looking for it to hit the next level within 24hrs
We have a bullish trend line on the 4 hour gold chart with 5 solid touch points. The black arrows on the chart and the RSI indicate the bearish divergence. The first one occurred in the overbought range, however my only issue with this is that the current divergence is not all above the overbought range. However, I still like this because, despite being weak...
My oh my, what do we have here? Rsi divergence with a candle stick that suggest bullish bias/reversal? hmm... Pips to be stolen here :)