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Long / short DAXToday GAP reverse and take long. Stops of shorts positions killed by sharks :( But today and tomorrow seems go long, But finally down again. Probably Tomorrow's GAP has shorter.
Lvls today: Shorter and Stop Loss near 10640, Take profit near 10525. When take 10525 lvl enter Longer until 10640 and after take Shorter again until 10451.
GOLD - Next moveGold broke down from its multi-month descending triangle.
The sell off did not stop at $1,262 but reached the pattern target at $1,240. This brings the "new bull market into serious trouble"...
In the bullish scenario gold is just witnessing a healthy pullback and will hold above $1,220 - $1,240. It needs to move back above $1,300 and especially $1,325 in a convincing fashion to keep the bullish scenario alive.
At $1,248 the lower weekly Bollinger Band is offering a good support. A bounce in the next 1-2 weeks from $1,237 / $1,250 towards $1,295 / $1,300 has the highest probability.
GBPJPY - Sell because the formation of an triangleIf we look at Pierre's analysis we can see that in the next houers the market will go up. But when it touches the trendline it will go down again. As we can see, there's forming a triangle with a horizontal bottom line. An indicator for the market breaking soon or later the triangle in order to go down. But after the market breaks out, it will situate itself in an overselled-zone. An other indicator for the marking going drasticaly up.
I would like to hear your opinion about it.
AUDUSD The Bias Of The Next 24hAUDUSD Bias
At the turning point
1. If A double bottom with a bullish divergence forms.
When going up
2. If the eurusd isn't falling while audusd is rising.
The eurusd and audusd pullback's trends is still going strong and have proved themselves many times. Before shorting I'll look for this trend to be broken but for now it's still on. I rather loosing one or two times when trading the trend continuation trend than many trying to predict the top of the whole trend.
Also Danske Bank agrees as according to fxstreet it has a bullish position on with a tp order at ~0.800.
NXTD Coppock Curve Turned Upwards with Bullish Heikin-Ashi ColorWhen the Coppock Curve turns around this is a good sign the chart is reversing direction. Combining this with the TrendBars indicator which add Heikin-Ashi colors to the candlesticks, both indicate a bullish direction. This is still true, even while the chart had wild premarket buying and resultant selling off during regular market open times today. The chart is providing a bargain for traders and investors currently.