aparkon

aparkon

Hi Traders, The GJ pair provides great long opp. It recently broke out from symmetrical wedge pattern and confirmed it has a higher chance of going up. It looks like it will continue uptrend as UJ is trading within the uptrend line as well. The next supply zone is @ 143.7XX area if it breaks out from 141.000 - 141.300 resistance zone. Good luck traders, may...

aparkon

Hi traders,   Gold has been trading within range for a few months.  there is strong resistance in1540.XX area and the prices are making lower highs since it hit the highest of the year in September.  We may see the gold re-testing 1500.xx area before it hits the demand zone @ 1450.xx.  We have two long and short scenarios form there.   1460 is a pivot price to watch.  

aparkon

The Ninja's downtrend is declined by major uptrend line. The chance of UJ going up is higher as FED has changed its position to hawkish. Still @ good buy area, SL below uptrend line.

aparkon

We may see dollar retracement as FED has turned to hawkish and stated the FED will not either decrease or increase the rate until it sees a really significant rise in inflation. Also, DXY is approaching major buy area =supported by uptrendline= around 96.60-96.80 which supports GBP short idea. Entry: 1.30000 + - 10 SL : above supply zone

aparkon

Hi traders, The cable tried to go above and beyond 50% fib level several times for a few days, but the 50% fib level is acting as strong resistance. I see it as a good opp for short, SL above wick TP at the green demand zone This trade provides great RR

aparkon

The cable is trading within downtrend channel.

aparkon

Wedge pattern is forming in 15min chart in the Ninja. Buy or sell the breakout. Sell TP @ up-trendline Buy TP @ TP 30+ pips

aparkon

UJ has formed very ideal inversed head and shoulder formation. I see this as a great long opportunity for a mid-term swing. DXY is currently sitting above the uptrend line at 97 point level and most likely move up that will drive all USD pairs. Entry @ demand zone TP @ 1st Supply zone. If you are holding the pair for mid-term it will reach 110.XXX area.

aparkon

Possible short -

aparkon

Brexit is near, Boris is bold enough to push his proposal one more time. I believe we are currently at a great place to play short. The cable is formating rising wedge pattern which indicates buying pressure is weakened. Please SL above supply zone, TP @ demand zone.

aparkon

EU has faced strong resistance and it looks like ready to fall. One thing to consider is that EU just got out of strong down-trendline started from June 2019. However, it looks like it will retrace to the demand zone before it reaches to strong supply zone area. --1.111XX--

aparkon

UJ is about to hit major supply zone soon. Wait until UJ hits the red line and activate the sell order. 4:1 RR.

aparkon

Hi traders, The cable had a nice run for a few days, now we are at a point"D" which I consider perfect area to sell the Cable. We may see continuous fall from this point until Brexit happens if the Cable goes south. Give enough room on your SL for a favorable result.

aparkon

The Cable held a 61% fib level and bounced from here, thanks to the possible Brexit deal. We may see a complete ABCD cycle before the Brexit happens. 1.268XX looks like an ideal target for the bull-run with U.K. and Irish are working on the pathway to a possible Brexit deal. ----Point "D" meets absolute downtrend line colored in red----

aparkon Updated 

GBP is currently at a very important level. -61% of fib - It is obviously trending downward, but the sentiment on this pair is still very bullish. 74% of GBP traders at net long according to IG sentiment data. The trend usually goes against the sentiment, but sometimes it works. If the Cable holds a current level and bounces from here, we may see a complete ...

aparkon

EUR has reached major downtrend line. Major sell opp, SL above down trendline.

aparkon

UJ has rebounded from strong support and in an uptrend now. DXY's 98.XX area has been supported by bulls and its in uptrend as well. Yen will eventually strengthen due to global and U.S. recession signals, but it looks like DXY will reach 100 area soon.

aparkon

GBP's downtrend has started but we may see a small upward retracement. It is possible to retrace 1.224XX level and continue to trend downward. SL above the red trendline, the target is 78% fib level of the entire cycle(September resistance) This is low hanging fruit setup.