usdtry - MY MOVE - SHORTIt`s your own risk! i`ll take my risk... If will extend 5th wave, i will stop.
Tradeyourplan
TengkuFibo will long call on GBPUSD?i will enter the market @ 1.24044 after the prices crossing up my entry line formation.
and exit market @ 1.29097 around (420 pips)
Downtrend is brokenIt's a low volume trade. No indicators used, just a trendline.
"Keep things simple".
Downtrend is broken so we should go to the next resistance.
Pottential Zones on the $EURUSDReading Price Action. It is coming up to creating a double top. Looking left, there is previous structure Resistance. Looking for reason for Entry such as RSI Divergence and over bought on the lower time frame for a reason to get short. For Counter trend Traders.
On the lower time frame Market is bullish so, I will be looking for reasons to get long in the 115's Zone
Plan your Trade, Trade your Plan
Good luck in the markets.
Historically worse payrolls means long Gold is a viable optionHistorically September has the worst non farm pay roll figure of the year which opens up opportunities to buy the ultimate safe haven asset Gold.
Below is a play with price moving lower into previous structure and finding support. On the poor payrolls price will surge towards target 1 and further weak dollar news could see target 2 achieved as well.
HSIC - Trend Strategy TradeI have a signal in my trend based strategy for this stock to move to the upside also a strong support level. I will update this idea when something new comes up.
USDCAD Ascending Triangle - Buy Set UpPoor employment data out of Canada and weak oil are helping to firm the dollar.
The pair is now approaching a critical point in the triangle formation. We expect a break upwards towards a key reversal point at 61.80% (1.38403).
Potential entry at 1.31411.
Let's Sip Some $NZD/CAD in the Cup and Handle :)Let me take a minute to emphasis the Importance of this Resistance its a BIG one seriously.
This Resistance line which is Being Approached on $NZDCAD has held several times during this year before this encounter.
Also there is a CUP & HANDEL pattern forming which is giving some insane targets of close to 1.0450 so don't get carried away so easily.
I am looking for a break of this Resistance Line in coming Days.
Happy & Profitable Trading
Cheers!!
If my analysis has helped you Please Like so that i keep sharing more and more in future ;)
Thanks
Crude oil (WTI) Short to Medium Term Analysis
The WTI Crude touched a Low of $40.55 last week after the release of inventory data (Last Wednesday) showing over Supply.
The recent release of Chinese PMI data showing signs of Chinese economy slowing down further, which puts additional pressure on Oil going forward.
Read More Here :
Buyers Buy $41.10-$41.30 for targets of $44-$45 and a Stop below $40.40.
Sellers Wait for the Bounce to complete and Short around $46 levels and stops around $48 targeting $35.
I hope i have not disappointed anyone because i have something for everyone ;) But i am more biased towards the short side.
Happy Trading People
Cheers!!
FX:USOIL
GOLD(Monthly) Decision Time
Everyone is Busy with Daily and Hourly charts,So I have stepped back and trying to shed some light on Monthly as it is at a very Crucial Decision point.
Falling Trend line from all time Highs we hit in 2011 is here to decide the faith of Gold ;)
Short Term Correction at least to $1200 is expected in coming month or two, it may not come in light of some Big Global Risk event.
Big Supply zone at $1500 - $1600 which is also a important Fib level.
Best Demand Zone from a Decade perspective is lying at $980 - $890 which again is a important fib level.
Medium Term Traders Look to Buy around $1200 levels and look for break of the falling trend line.
Long Term Investors should Buy around the marked Demand Zone as it will offer them best risk to reward ratio.
I hope i have not disappointed anyone neither Bulls Nor Bears :) I have something for everyone ;)
Take Care
GOLD(Monthly) Decision Time
Everyone is Busy with Daily and Hourly charts,So I have stepped back and trying to shed some light on Monthly as it is at a very Crucial Decision point.
Falling Trend line from all time Highs we hit in 2011 is here to decide the faith of Gold ;)
Short Term Correction at least to $1200 is expected in coming month or two, it may not come in light of some Big Global Risk event.
Big Supply zone at $1500 - $1600 which is also a important Fib level.
Best Demand Zone from a Decade perspective is lying at $980 - $890 which again is a important fib level.
Medium Term Traders Look to Buy around $1200 levels and look for break of the falling trend line.
Long Term Investors should Buy around the marked Demand Zone as it will offer them best risk to reward ratio.
I hope i have not disappointed anyone neither Bulls Nor Bears :) I have something for everyone ;)
Take Care
