Neutral
$ZEN with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ZEN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
Thoughts on GBPUSD (Bearish possibility)Although the market is consolidating, the market is moving on a price range and making a rectangle pattern. We just have to wait for the price to give us the entry whether is a sell or buy. I'm inclining to believe that gbpusd will go for a short position and mostly because we've been in a bearish market this past months, but we just have to wait for the price to tell us what it's going to go. Target would be the green lines depending what the market does in the future.
Do you have any other ideas? Let me know on the comments.
GOLD REQUIRES PATIENCE TO TAKE ACTIONDear Trader,
I am actually very conservative when it comes to trading gold and each time I take my time to wait for price action, winning is always inevitable except for unexpected fundamentals changing the expected direction.
Right now, all I can see is that gold is still bullish on the daily and might be too early to assume a downward reversal on higher time frames above 4Hrs.
I see three possible scenarios indicated on my chart and would wait for any of the three to play out before taking any trade.
I will also advise traders to be very patient with the metal.
Happy trading
Thoughts on CADJPY (bearish flag)At this point there's a strong consolidation on the price. But if you see careful there's a flag pattern formed on that conoslidation that can mean a short position. If that happens, we'll wait for the zone where a bat pattern may be formed. Anyway, if we decided to trade, I recommend to reduce risk because of the consolidation. TP will be the green line and SL will be the red line.
Do you have any other ideas? Let me know on the comments.