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May2017

Gold this May targetsHello folks, This is my setup for May. After changing my sell position, we entered the buy area. I have two trades at ~1220 and ~1230 with sl: 1211, 1218 tp: 1282, 1287 We can see the tipping point of the previous buy trend and look for the reversal.The red lines are the new resistance/old support. From those trends, we look for monthly bottom. In light green lines we are keeping in mind year-to-year bottom and top. The absolute bottom (grey area) this year, which similar to one of 2014s bottom and I'm using as sort of general reference since I started trading gold actively around those years. The euro is getting a momentum and the US dollar is sort of weak. Gold might be interesting this May and June. Wish you happy and safe trading!
TVC:GOLDLong
by vessovit
1
Exiting times for the EuroHere is my setup for the EURUSD this month. As it gets some traction and showing very bullish behaviour, we finally touched the resistance of Nov 2016. That was very exciting moment, but I would like to see it breaking before closing my current position. An conservative estimation is to break 1.12 by the end of the month. However, there is space to retrace back to the bottom line of the 2017 trend, which might be good time the load long positions. entry ~1.086 - 1.091 tp: ~ 1.1195 - 1.1245 sl: ~1.082 or if it breaks the trendline tp: ~1.3275
Long
by vessovit