trendfollower
GOLD is heading to 1900-1950 area to complete wave (iii) and (v) AND gold is expected to continue its increase to 2250-2300 area to complete wave 5 GOLD has pulled back 24% to 1485 and bounced from the trendline
HEAD and SHOULDERS pattern is confirmed. Trendline broken. BUY USDTRY with a target of 5.82-5.90. Increase position if pullbacks to 5.61-5.63
1)DAILY; support at 200 MA 5.59 and 200 EMA 5.55 2)240; lower low on price vs higher low on rsi 3) Stoch is getting ready for a buy signal 4) Cup and handle 5)Major support reachED on a UP trend
1) support at 200 MA 5.59 and 200 EMA 5.55 2)lower low on price vs higher low on rsi 3) support at bottom of decreasing channel 4)Cup and handle 5)support
Tweezer tops at a trendline while stoch giving a cross over is rare to find. When you find these beautiful tweezer tops , you have got to short the them. Only problem is we are in a uptrend in the daily chart. It would have been much better if we were in a downtrend in the daily chart. Anyway thats why we have a stop. STOP 2.2575 TARGET 1.1950 ENTER now...
It is getting harder for FED to raise the interest rates in 2015. Bearish head and shoulders signals SELL. Right shoulder at 38.2 % fib level. Excellent risk reward ratio of 6. Short 95.30 Stop 96.50 Profit 88.50
Untill the june 7th general elections in Turkey, USDTRY is likely to go down. Due to a sudden 5% down move USDTRY is likely to move back to 50% fib level (2.6450) before to continue its downward movement. 4 HRS bull candle has confirmed the buy signal. 2,6400 target , 2,6000 entry , 2.5700 stop. Close the LONG @ 2,64 and SHORT @ 2.64 with a stop at 2,66