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Selling Position - GBPUSDA hammer candle has formed on the Orange trend line (Resistance) which is big indication for it to go down but keep note that Teresa May will be talking about brexit on a Tuesday which will cause this pair to be volatile in either position but for Monday, I can clearly see it go all the way to the purple trend line (Support) if the resistance line does not get breached. * Potential for it to go up is possible but due it to it being tested twice and causing it to drop has given me the conclusion for a short
Short
by Jamal92
1
Neutral Position - GOLDThe trend line ( Purple ) has been tested twice and and the resistance ( Green ) that was formed on the the 14th of December was tested and caused a drop on the downside and nearing the trend line. If it breaks through that expect it to hit the 1137.33 levels and if it doesn't breakthrough that and respects the trend line. I will hold the position till it hits the resistance line. . Keep the SL for the buy just below trend line or below the first support level ( 1145.54 ) . Keep the SL for the buy just above the trend line ( 1150.46 )
TVC:GOLD
by Jamal92
MSFT Cutting Credit Spread Losses ShortThe name of the game in trading is knowing when to cut your losses short.  Goldman Sachs upgraded MSFT in premarket trading today, which caused a gap up in the opening price.  We're in the red about $105 from an originally $252 max credit trade.  We're going to wait for market close before cutting our losses on the position. If the close looks to be as if it's going to be above our moving averages (highly likely), we're going to take the loss. If not, we'll hold the position through Monday to determine whether to continue playing the game and even potentially open another credit spread on the Bull Put side for some time premium
NASDAQ:MSFTShort
by EdgeAnalytics
NZD/JPY Sell off resistancePrice action on this pairing is giving us so many good opportunities to make solid trades off of such a clean channel pattern. With Long term resistance remaining essentially breach-proof during this consolidated bear/flat channel since the beginning of February, the time to trade it short off the D TF is right about now. My stop loss is even with the previous uptrend's candle wicks. (75.925) My profit target will be triggered if price can fall to 74.835 That is a risk/reward ratio of exactly 1/2.3, and would provide a profit valued at 74 pips.
by AlexJaensson1