4xbullion

4xbullion

Short Natural Gas at current levels to trade the 5th wave. Structure gets invalidated if close above 2.1 Target 1 - 1.69 Target 2 - 1.62

4xbullion

Short on break of upward sloping trendline. Ascending triangle with a breakout target of 122.19 Stop-Loss 123.40

4xbullion

Short USDJPY for a intraday target of 118,52. RSI is falling and MACD has crossed. Stop loss @ 120.50

4xbullion

Short gold at CMP for a target of 1182. It is in a falling channel. Stop loss above previou high of 1214.20

4xbullion

A Fibonacci projection suggests that prices will move to $37.5 levels before correction set in.

4xbullion

The pair has bearish divergence in RSI and 161.8 fib extension of previous leg at around 116 levels which had been tested earlier during the Asian session. The pair might again move in the 116 territory and will face tough resistance. Failure to close above 116.20 on 4 hourly timeframe will be a strong short signal. The target for this trade is around...

4xbullion

The pair is facing resistance at 38.2% retracement and previous structure confluence zone. A break and close above should help the pair rally to .8830 level which is 78.6% retracement and previous trend line. Trade Type: Trend Continuation Price: .8687 Target: .8827 Stop Loss: .8803 R/R Ratio: 1.7

4xbullion

The pair might reverse after reaching the head & shoulder target (see tag). There is bearish divergence, double bottom and previous structure has held on shorter timeframe. Target is at 50-61.8% retracement, stops below previous lows. Trade Type: Trend Reversal Price: 1.2397 Target: 1.2457 Stops: 1.2354 R/R Ratio: 1.5

4xbullion

There is bullish divergence on H1 time frame coupled with double bottom. So a long at CMP @ .7724 with stops below previous lows @ .7668 is advised. Trade Type: Divergence Price: .7724 Target: .7831 Stops: .7668 R/R Ratio: 2.1

4xbullion

A possible head and shoulder formation with confluence at 61.8% retracement of the head. A shorting opportunity may present at .8512 with stops above the head. Trade Type: Head & Shoulders Price: .8512 Target 1: .8384 Target 2: .8218 R/R Ratio: 1.5 and 3.7

4xbullion

UPDATE 07-11-2014 Stops brought to break even A lot of people (including me) are rooting for the pair to rise from the ashes. However we could even see a continuation of the hammering. We have to be prepared for the unforeseen and thus this analysis. We now see a bear flag forming, in which we have a down leg also called the pole, and a rising flag which...

4xbullion

Pair was moving in a uptrending channel and price was rejected with previous structure. Since it is making higher highs, we can look for a opportunity to get long on retest of structure @ 1.2530. If the pair gets below previous lows at 1.2500 we get out. Trade Type: Trend Continuation Price: 1.2530 Target: 1.2630 Stops: 1.2492 R/R Ratio: 2.75

4xbullion

Price is moving along a descending trend line hopefully to fill the gap. Our initial target would be to fill in the gap @112.37 and then further to 23.6 retracement @ 112.08 Trade Type: Trend Reversal Price: 113.50 Tgt 1: 112.37 Tgt 2: 112.08 Stops: 114.36 (Above previous highs) or hourly close above the falling trend line R/R Ratio: 1.4

4xbullion

*UPDATE: Trade not triggered* Everyone is aware of the bullish momentum in this pair. However for the first time in the day we have a bearish divergence appearing which could be a nice shorting opportunity specially with the ISM numbers coming up. So all those willing to play the numbers can put in a sell stop order at 113.65 for targets at 113 Trade Type: Trend...

4xbullion

*Setup pointed out by kate25* The pair has been in uptrend since mid-July. However on Friday the pair failed to make a new high due to slightly disappointing GDP numbers. What is important from a technical perspective is that price got rejected from 78.6 level and closed further below 61.8 level which indicates a shift in inclination for the pair towards sell. We...

4xbullion

We have a GBPUSD long trade active (refer related ideas below) and we might have a short NZDUSD trade in the coming week. Just going through the composite pair GBPNZD, we feel that we can have the benefit of both the trades with trading this pair. GBPNZD long means buying GBP and selling NZD. So best of both the worlds and USD eliminated. But this trade...

4xbullion

This is a classic head and shoulder trade. We are trading the break of neck line. A rejection of previous structure confirms the trade. Trade Type: Head & shoulders pattern Price: 1.2561 Target: 1.2369 Stop: 1.2648 R/R Ratio: 2.4

4xbullion

Spotted a Head and Shoulder pattern. Such patterns generally lead to high probability trades. Trade is only validated on a daily close below .7790 (trend line). Trade Type: Head & Shoulders pattern Price: .7790 Target: .7555 Stop: .7931 R/R Ratio: 1.65