Longtermtrading
USDJPY completes its declines. Time to look for longsUSDJPY fell to the 100 level earlier today on the Brexit outcome. As anticipated, price action has been flirting with the major support level seen near 100.50 - 94.50. We could therefore expect to see a reversal off this level over the next 3 months. If the neckline resistance at 124.00 is broken, USDJPY could extend gains to 150.
With Brexit out of the way, BoJ is likely to go full steam ahead with its monetary policy easing. Next meeting is scheduled for July. Meanwhile US dollar is looking bullish in the near term as Fed likely to hold back on hiking rates. We could expect a near term US dollar strengthening and perhaps a return to the 'stronger dollar' theme.
VHC Long, high risk high reward tradeThis is a risky play, predicated on a bounce play off previous support. This is also reversion of the mean pertaining to the large selloff two days ago.
MNKD Long Position Gap FillBelieved the GAP would fill, went long at .93 and swung trade this stock to 1.25 today closing the position out.
NZDJPY Falling Wedge/ Buy after BreakoutFX:NZDJPY Falling Wedge
Buy after Breakout
Target 700 PIPS
More I will write later!!
EURGBP longterm head and shoulders figureEurGbp, head-shoulders suggest a target of 0.76- 0.77- 0,78
the upside has also given rise to what looks like a head and shoulders figure >!!!
USD/CAD Long Prediction 1. Look for price to go down to the 2nd support level of .5.
2. Price may retrace 2 times at .5 & .382 before the big breakout "Long"
3. Regardless the price will break through the channel by 5/30/2016
4. The Uptrend will start once this happens.
5. If the price does this look to enter between 1.30028-1.29700 on a"Long"
6. Profit Target is between (A)1.31439-(B)1.31266
USDCAD END OF FLAT CORRECTIONAfter being in a flat correction for the last few days it's time to keep going up after the last impulse and the continuos divergences in the downtrend.
