AUDUSDHii everyone its Lesedi here, hope everyone is going to have a great upcoming week, and we will,make money
Technical-trade-ideas
Bitcoin sell to 30000 and then buy upLook at bitcoin dropping towards a strong support level around 30000 once it hits there history buys from there !!!!!!!
XAAUSD / GOLD * Gold overall trend is Bullish .
NB-Possible retracement for Good buy position is around 1807 area with a target of up to 1831 which is the next highs.
_intraday or swing FX:USDOLLAR
Gold has to break zone 1833 to form a break out and retest .
If a break out is formed at the stated area , further Long (buys) to 1897 area even beyond.
GBP ANALYsisGBPUSD as broken out of support soon to became resistance expecting a pullback to 1.234 level
Break and retest Since the US Dollar Index is gaining upward momentum then I expect this pair to break and retest 0.68000 to Entr for the Short trade to 0.665000
Short AUD/JPYSELL AUD/JPY @ 74.438
SL @ 75.250
TP1 @ 73.880 near 23.6%
TP2 @ 73.500 near 38.2%
TP3 @ 73.200 near 50%
-Price action shows a bullish trend but double topped at whats looks to be a strong daily resistance respected many times as far back as Sep. 16, 2019.
-TP3 sits well at the 50% level which has also been tested multiple times mid October.
-Economic indicators show a lower unemployment rate, inflation rate and and interest rate in Japan's market than in the Australian market but to play it safe I am using minimal risk with a very small lot position.
-Technical Analysis is the main reasoning behind this prediction seeing how COT reports do not show a grand amount of long orders for the yen. *Let's hope for the best and prepare with minimal risk.
Structuretradingview on BTC05/19/2019.
Bitcoin has been on the rise for the past few months and expecting it to appreciate more from the look of the market, Buyer are in control...
Technical Analysis:
Using a combination of our tools from our trading toolbox (Fibonacci, Support and Resistance Level) At Fib's 50% (7094.0) price level showing a bullish engulfing pattern. From the previous trade session, we can see that at same Fib's 50% price level, acted as a support then went on to hit the Fib's 100% price level and did a reversal down back to Fib's 50% price level.
Waiting to break resistance price level at Fib's 61.8% at 7483.0 price.
Area valued to enter for this trade would be above the resistance price level at 7520.0 and set my first target price at 7861.0, take my first profit out of the market, wait to take my second order to aim target price at Fib's 100% price level at 8448.0 price...
MKSI: Longer bottom completed and moving with momentumMKSI worked on a longer-term bottom formation that is completed and moving up with momentum at this time. The consolidations of the past two 1-day runs are very precise and horizontal. These candlestick patterns offered excellent low-risk entries. The stock has an all-time high around $128, so ample room to move up further. It has also completed a near perfect V Trough formation on the long-term cycle indicator chart. Currently price is controlled by professional technical traders.
Gold jumps to hit our take profit – Are you ready for next tradeInvestors will also be looking for the U.S. economic events like building permits, housing stats, and Philly Fed manufacturing index to determine further movements in gold. In case you don’t know, the dollar shares a strong negative correlation with gold. Therefore, the positive data may drive bears in the bullion market today. Refer to Fxleaders Aug 16 – Economic Events Outlook for more understanding of trading these events.
