PriceActionPmlani

PriceActionPmlani

we have US data out today 12 Jan 2018 the worst case of which will BEAR SPIKE a number of USD pairs, but the LONG SETUP is well underway ie - HIGHER LOWS ON INDICATOR and presents numerous buying ops DO'NT get too excited, keep an eye out and trade with caution at all times

PriceActionPmlani

PRICE AT KEY LEVEL, AFTER LAST WEEKS COLLAPSE, BULLS ARE IN THERE AND WAITING TO TURN THIS AROUND ... GET READY TO RIDE THIS ONE OUT

PriceActionPmlani

a strong potential DOLLAR INDEX REVERSAL is in play. im using FIBO NOTE the price play on the 127 line

PriceActionPmlani Updated 

CADJPY is sitting in a powerful zone f support ... if your scalping this might be a nice opportunity....RSI POSITIVE DIVERGENCE and CANDLE STICK REACTION tells me there may be buyers ready to pounce on here for you to make a quick cash. On a larger scale , this maybe a sweet entry for a bigger long on this pair ...

PriceActionPmlani

RSI divergence is the main point ... but lets be wary of USD FUNDAMENTALS today and the coming days ... i would anticipate a lower low at worst before it heads up strongly ...

PriceActionPmlani

Demand Zone ... Weekly and Daily price action ...RSI confirmation ..... and AUD generally being more Bullish all round ... credit to trader @jp1981 , cos we share similar sentiment www.tradingview.com

PriceActionPmlani

gold short idea ...patience needed

PriceActionPmlani

North Korea Missile Launches, NFP, GOLDs Bull momentum ... Either way, DOLLAR is holding strong ... Check a number of USD base pairs and see them holding in support zones in spite of Gaps The Dollar is ready to make its move . But will have to break resistance first

PriceActionPmlani

Have a look at the pic

PriceActionPmlani

Since GOLD has cleared out most of the Bears along multiple time scales up to 4 hours (IntraDay). Its Left for DAILY RSI to hold support at 50. Which it has done for the whole week. The longer its held, the more legitimate it is. (Check yesterdays Buyers launching at this level) This is inspite of all the pressure from DOLLAR buyers who want the greenback to be...

PriceActionPmlani

Brilliant ... What more do you need to do but just set your TP levels ... We await

PriceActionPmlani

I would watch for potential retest on the previous trend-line ...

PriceActionPmlani

The chart explains all

PriceActionPmlani

I suspect the POUND is actually stronger than we thought, with BREXIT/Article 50 being long priced in... the tops/bottom has been priced in and now it's time for the pound to come back... Post-Brexit Gap needs to closed

PriceActionPmlani Updated 

the picture pretty much says it all ... Id be keen to hear yalls feedback ... #economicfreedomFX

PriceActionPmlani

In my mind, the US Dollar is s benefitting from a much needed GOLD correction. None the less, the Bulls have been given a chance to run. Watch for 101 to be in their sights.

PriceActionPmlani

From a technical standpoint and based on previous price action. I have to conclude, the Dollar Bulls are heading themselves to a slaughter by the Dollar Bears ...

PriceActionPmlani

Several factors have cautioned me to some USD Strength, at least in the short term. Price has stabilised from 99.4, established a Bull channel, which has taken price through what was a Bearish channel (Where price previously reacted with sharp rejections) the mere fact that there is still price action in this channel maintaining the bull channel atleast gives me...