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Possible AUD/CAD short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @0.955 - .... and fall to the 0.942. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 0.942 FX:AUDCAD Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 0.942 Target 2 @ .... Risk/Reward @ 5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Gold Long Idea - Opinion GC1!Hi there. This is a recent analysis for the precious yellow metal. As you see from weekly chart Gold tend to reach the median of 20 weeks of the bollinger bands at the price of 1286$. As you might expect there is a high probability to rebounce from those price levels to 1320 - 1340$ . This buy signal is confirmed from RSI which holds the price level of 50 which is above the median and signs for long positions. ADX is trying to find a trend. DXY which is contrarian to Gold might get a correction through the prices 95,5- 96 and move Gold higher . From fundamental scope America's going to reach ( if not reached the peak yet) the peak of economic growth through the business cycle which is going to boost yellow metal higher and 1400$ is a vaild price level for gold as a safe heaven for investors. Given also Europe's economic slowdown and the uncertainity of the conditions which Brexit will be completed might boost Gold higher next week. **This is not an investment advice, it is only for educational purpose** Invest with safety.
COMEX:GC1!Long
by OmenFinance
Magazine Luiza - Segue em canal de altaMagazine Luiza continua em seu movimento bastante técnico. Desde novembro quando fiz meu ultimo estudo no papel, ele vem respeitando o canal de alta. Embora tenha experimentado o lado inferior do canal, o ultimo fundo formado na região de R$160,00, nos ajuda a identificar uma importante região de suporte no caso de entradas na ponta compradora. No médio prazo continuo confiante no alvo em R$209,00, "1.618" de Fibonacci(traçado na pernada de 114 a 173.5 como mostra na figura). A média de 21 períodos agora ajuda a dar suporte no curto prazo.
BMFBOVESPA:MGLU3Long
by pmineiro
GBPCAD: Daily Position TradeWhats up everyone ? Coming back with a position trade, we are holding since 4 weeks on GBPCAD. The trade was first taken on the 4h timeframe bases, but as we zoomed out our take profit got larger. We are now on a daily timeframe analysis with two correction levels marked in yellow boxes. Our entry was at the top of level 2 correction and is now in profit +350 pips. Expecting another move down, our take profit is at the last low. BTW our system made 5.65% last month. Hear you guys soon!
Short
by darian_fx
AUDUSD: Consolidation Before NFPHey guys its Friday, the first of the month. What does that mean ? Its time for NFP in like one and a half hour. Please be aware that my ideas are only my view of things and do not take them for guaranteed. Everyone has its own view on same charts. So we are looking at the AUDUSD pair and as i posted weeks ago (link below), its on a trend change mode with a consolidation level 1 on the daily timeframe. The strong trend line was broken and for now its holding 0.61 fib line. We keep in mind that NFP is right in front of us, so a prediction would be that news move AUDUSD out of the consolidation up - meaning that USD would weaken during NFP. But please be aware that this is only my view.. Wishing you success and will keep you updated below!
Long
by darian_fx
Short sell USD/JPY by Ben WrightSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Possibility shorting selling USD/JPY FX:USDJPY weekly Prediction Chart time frame - H4 Timeframe - 1-2 weeks Actions on - A – Activating Event USD will see another bull run this week. B – Beliefs Market will be rejected at @114.5 level and move south towards the 113.5 level. This will be a resting/consolidation phase before pushing and breaking the @114.5 level. Trade Management Entered @ Still waiting for confirmation Stop Loss @ Target @ Risk/Reward @ Happy Trading :)
Short
by SMPTrader