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setting for a break out...

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JUST GONE SHORT ON AUSSIE AS THE PRICE ACTION WAVES LOWER...QUITE AGGRESSIVE AS WE WAIT FOR THE LATEST JOBS NUMBERS FROM THE U.S..HOPEFULLY IT JUSTIFIES THE TRADE AND ADDS MOMENTUM TO IT..A BETTER THAN EXPECTED NFP PRINT WILL ACTUALISE MY TARGET QUICKER...TRADE LIGHTLY AROUND THE NFP NUMBERS FOLKS..

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AUDCAD SETS UP FOR UPWARDS EXPLOSION ..

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PRICE ACTION AROUND LONG TERM SUPPORT PRICE ZONE SUPPORTS A CASE FOR BULLISH MOVE IN GERMAN DAX(MULTIPLE LONG-TAILED WEEKLY CANDLES)... MOVE TO THE DAILY AND THE 4-HR CHARTS AND LOOK FOR A BULLISH CANDLES FOR A SWING BUY ENTRY HOLD FOR TWO WEEK FOR LIKELY RETEST OF 10000 PRICE AREA..

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OVER THE PAST FEW SESSIONS , SILVER HAS BEEN PULLING BACK AS TRADERS TAKE PROFITS OF THE TABLE.. HOWEVER,I EXPECT THE PULLBACK TO COME BETWEEN 38.2 AND 50 % FIB RETRACMENT OF THE RUN UP FROM $15.85...BEFORE PRICE CONTINUES ITS RUN HIGHER...ALWAYS TRADE WITH STOPS LITTLE BELOW RECENT SWINGS LOWS PRIOR TO YOUR ENTRIES WHEN GOING LONG..AND THE OPPOSITE WHEN GOING...

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AS EURUSD FAILS TO RISE ABOVE 1.1147-1.1175 RESISTANCE (SHOWN IN RED RECTANGLE) , PRICE BREAKS DOWN AGGRESSIVELY ON FRIDAY SIGNALLY FURTHER SOUTHWARD MOVES IN PRICE...FUNDAMENTALLY ,PLAYERS MIGHT BE TRADING A LIKELIHOOD OF FURTHER EASING IN THE EURO-ZONE IN THE COMING WEEK WHICH COULD CAUSE FURTHER EURUSD SELLING..TRADE CAUTIOUSLY

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AFTER RECENT SHARP RALLY, GOLD HAS RETRACED AND REJECTED FURTHER DOWNSIDE PUSH AS PRICE ACTION ON DAILY CANDLES SHOW..A CONTINUATION HIGHER IN PRICE IS IN PLAY...

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HAVING BROKEN OUT ABOVE LONG HELD RESISTANCE, VZ IS LIKELY TO RETEST 60 DOLLAR PRICE AREA..LOOK FOR A BULLISH CANDLE PRICE ACTION ON THE 4HR OR THE 1HR CANDLES AS RETRACES BACK TO THE RESISTANCE-TURNED-SUPPORT TO GET LONG...

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YELLOW METAL SETTING UP TO RESUME GRIND HIGHER AS PRICE RETRACES BACK TO PREVIOUS RESISTANCE-TURNED SUPPORT..MOVE TO INTRADAY TIME FRAMES FOR BULLISH SIGNALS FOR BETTER LONG ENTRIES..

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CLASSIC DAILY REJECTION CANDLE PRICE ACTION SET-UP...WAIT FOR A 50-61.8% FIB PULL-BACK OF THAT LONG-TAILED PIN BAR FOR AN ENTRY LONG ...

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PRICE REJECTION AT 61.8 FIB RETRACEMENT OF THE BULL RUN FROM 2009 AND AT A STRONG PRICE SUPPORT ON NUMEROUS OCCASIONS AS SHOW ON THE CHART..AM SEEING THIS LEVEL AS A GOOD PRICE ZONE TO RE-ENTER LONG ON A 6-MONTH TRADE DURATION..

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HAVEN TOUCHED AND REJECTED LONG TERM SUPPORT ON THE MONTHLY CHART, AM LOOKING FOR A BULLISH PRICE ACTION CASE TO GET LONG ON THE DAILY CHART...AM GOING TO LEAVE THE TRADE TO RUN FOR THE REST OF THE YEAR WHILE MANAGING THE POSITION....

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USDCHF SET MOVE HIGHER AS TECHNICAL PRICE ACTION LOOKS..

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BREXIT WILD MOVES, WHATS NEXT...?

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MY FAVOURITE PATTERN (W-PATTERN)SETS UP ON THE WEEKLY..AM ALREADY LONG.. THERE STILL MUCH PROFITS TO BE MADE..YOU CAN JOIN THE RIDE.OR WAIT TILL AFTER THE UK BREXIT VOTE TO GET IN..

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FOLLOWING UP MY OUTLOOK ON THE GBPAUD PAIR..LONG TAIL CANDLES ARE BEGINNING TO APPEAR ON THE DAILY CLOSES SIGNALLING DOWNSIDE REJECTIONS..HOPEFULLY BY THE END OF THE WEEK A BULLING WILL SHOW UP FOR SWING PLAY ON THIS PAIR..ONE OF MY FAVOURITE BULLISH SET UP JUST COMPLETED AS WELL..(BREAK-OUT OF DOWNWARD TREND LINE(IN BLUE) AND PULL BACK TO THE TREND LINE).AND A...

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KEEPING ANY OVER THIS PAIR TO SEE HOW THE WEEK ENDS.. LOOKING LIKE A TURN IS COMING, DESPITE THE UNCERTAINTIES SURROUNDING GBP PAIRS OVER BRITISH REFERENDUM..I WILL DECIDE HOW TO PLAY THIS PAIR AS THE WEEKLY CANDLE CLOSES.. TRADE CAREFULLY FOLKS.

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HAVING RISEN SHARPLY AFTER HITTING THE LOWS OF THE YEAR, US OIL PRICE ACTION FROM THE PAST WEEK LOOKS TO GIVE BACK SOME OF ITS GAINS.. ON THE WEEKLY CHART, A PERFECT REVERSAL CANDLE STICK JUST DEVELOPED... AM LOOKING SELL IN ON THE DAILY CHART AS PRICE COMES TO $50 PRICE AREA FOR A DROP TOWARDS MID $40S....FOR THOSE ON CURRENCY PLAYS , CHECK USDCAD FOR A POP AS MY...