Can this be the beginning of Golds Rebound?
Elliot wave if identified properly can be a powerful advantage in your trading arsenal. -nvestUcapital
A 1-2-3-4-5 wave to perfection if it plays out. Can it get anymore perfect than this?
ABC formation could be in the making and higher prices to come? could take the odds on to see what happens.
Could this be the turning point, With possible uncertainty ahead of us with the Elections, China, Middle East.....Could Gold and Silver get popular again. Price sitting on major trend-line and the 200 moving average. If you zoom in to the lower time frames you will see lot of whipsaw price action, usually indicating shake out from the big boys when a trend...
Major support could be broken with major momentum. Keep an eye out. nvestUcapital -Analyze, Plan, Execute
Our two targets were hit on the NZD/USD. A hammer candle on the Daily with a long wick could mean short term correction before further weakness. Recent low of 0.62000 area would be the target if weakness resumes.
We hit both of our targets to the pip as anticipated on the USDJPY pair. Our bearish view of the S&P has also come to fruition. The USDJPY is sitting on a major support that if broken could lead to a nice drop to 110 area. If you have limited capital to play the S&P, the USDJPY has been well correlated to the recent price action of the indices. We will be...
price making lower high on shorter time frame bouncing off a short term trend line and the 0.764 fibo level. nvestUcapital Protect Yourself At All Times
A 1:5 risk/reward trade. Gold seemed to gain momentum just to fall back down to support/resistance levels of 1080-1070 range. We are placing our stop below the recent low and our target is to the top of the channel. dating back to October 2013. Good luck. nvestUcapital One trade at a time
Scenario A. Strong NFP, Chinese intervention and price goes up to the red zone where we can take a short position. Scenario B. NFP disappoints and more geopolitical news drives price in the "Free Fall Zone" FOCUS ON PROTECTING YOUR CAPITAL AT ALL TIMES -nvestUcapital New website launching soon
A 1:4.5 risk/reward trade on a possible bottom forming or at least short term. or if its a major trend change, you are getting in at a very good price.
Pure technical trade. Just came across this chart of Wheat sitting at the bottom of this channel. Target is top trend line for a risk:reward of 1:4.
EUR broke "M" formation and tested support turned resistance. Also price tends to pull back to the 21ema which would be good odds to take on in favor of the trend. entry: 1.07800-1.0800 area stop: 1.08400 Target: 1.05700 area Risk:Reward 1:4.
Possible targets for Bears, breaking 1950 could bring some PAIN....for bulls.
Trading this back up to the top of channel where we can then look for better short opportunities. Keeping stop loss real tight with the holiday season and lack of volume. Price had bounced off the bottom of the channel broke above the 0.71600 areas of resistance and now came back to that level which is acting as support. If you go to the 15 min time frame you...
Fundamentally Aussie looks to cut rates while the BOJ is staying put. Technically we are looking to continue weakness with Wave 5. Will Provide lower time frame for 1st entry positioning. -nvestUcapital Free weekly newsletter coming soon.