Down
UKOIL Long-Term + Mid-TermUK OIL Giving Opportunities for Shorts and Longs Mid-Term and Long-Term
In a range between 30/50 Day trades mostly (Not holding long-term positions)
One Trade from price level 30 Long with Tight SL on positive side (Holding if we break up)
Pending Long Order at price 54.00 Flat if we break and continue up
Possible neutral at least till end of year in this range of price level 30/50
Happy Trading
www.iBrokers.ee
GBPUSD COUNTER TREND BREAK (1HOUR)As posted in a previous post I am expecting GBP/USD to make new lows with a break of 1.28000. An opportunity is now forming on the hourly to try and hop on the trend a bit earlier with a break of a counter trend line. The 1.3000 level has been rejected 3 times now and a breakout retest continuation of the counter trend line could send us lower. Targets would be at 1.28000 and 1.25750 (account for potential increased margins for targets).
AUDUSD Great Shorting Opportunity Hello traders! We have been following this pair for a long time now and it has been trending quite nicely for us. The overall direction of this trend is clearly to the downside and we have been riding that trend down taking multiple successful shorting opportunities along the way. Recently however we had a significant pullback that actually acted as a short term up trend. There were even some buying opportunities along the way. Now we are rolling over and it looks like we are continuing in the overall direction of the down trend. Upon the break below and close below of this short term up trend that I have drawn with a red trend line, on both the hourly and the 4 hour, we are presented with a great shorting opportunity. It is very likely now that price will try to return to the previous swing low of the trend and potentially even break below it and make new lows continuing the down trend.
I hope some of our viewers and followers took this set up before this announcement and quite frankly it is not too late to get in if you are one of the first to see this. Good luck to you all!
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NZDJPY Trend Continuation Short Set UpAlthough this pair has been quite choppy it clearly has an overall bearish bias to it. You can see marked in red that this pair is continually making lower highs and lower lows. In addition to the clear down trend, the JPY has been very strong across the board in other JPY associated markets. For these reasons there is absolutely no sense in attempting to buy this pair at this time and for that reason we are only interested in finding short set ups. We can look to follow the down trend by waiting for corrective pullbacks to end and for price to roll over and continue in the down trend.
Price has been in a corrective pullback for quite some time now as depicted by the short term blue up trend drawn on the chart. If we see price convincingly break out of this pull back to the downside we may be able to open up a short position and ride with the trend to re-test the previous low or potentially make a lower low.
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