Stuck in Range Price of gold and oil point in favor of long position Weekly uptrend Looking to buy after piercing range, and pulling back.
Long term downtrend Triangle formed Tried twice to break resistance, couldn't. Fib confirmation
Signs of downtrend on higher time frames Fibonacci Resistance @ 1.1200
Uptrend confirmed by fib levels. Entry @1.3200 level 3 possible profits 1.33093 1.32852 1.32531 Stop loss @ 1.32165
Strong support @ 1.07200 Looking to hit .786 fib retracement
Broke downtrend and came back to test and hold support at 1.04200
Failed to break through .85850 level a number of times Now entering corrective wave after impulse move.
Beginning of uptrend Broke through consolidation Retested .382 for support after breaking through
Tried three times to cross-resistance and failed. Shorting solid pullbacks
Entry @ 75.900 Stop loss @ 75.300 Take Profit 77.750 Reward/Risk 4:1
Technical analysis: slight uptrend Fundamental analysis: Yen consider "safe haven"
Tick-TIck-Boom Strategy used for "Anti USD" currencies. If bar closes above the line without touching the line buy, play is good for 100 pips, however, there could be more depending on price action. Sames goes for below the line. If a bar closes below the line without touching, sell. PLAY CANCELS at the beginning of the day, however play can also continue from...
Double Top (09/07) Down Trend, started (09/08) Fib Confirmation