Pound seems short term buy for correction in 1.5590 area !! Good Luck
Gold just completed inner wave iv correction. If observation is correct then it should not cross 1135 level and must move to complete internal v and external 3. Time to short !
Cable is holding vital resistance level 1.5660-1.5690. Subject to currency not crossing this important area I think its time to short pair per given stop and target. Happy trading !!
Gold super cycle confirming that precious metal is likely to complete its first bearish leg in few months around $ 733 area as per above marking. Will appreciate comments for contrary scenario.
Simple is easy and has a better understanding ! Aussie dollar 4 hourly trend line and channel support indicating a good trade opportunity with stop below 0.7300 for 0.7465 and 0.7525. Good Luck !!
GBPUSD seems about to complete its sideways correction to resume bullish impulsive move on 4 hourly chart pattern. The minimum target on crossing of above channel is 1.5900 with view change and stop loss value below 1.5550. Enjoy the ride !!
Gold @1094: It seems gold has almost completed or is about to complete a bullish head and shoulder formation on four hourly chart. If this assessment is correct then gold is bullish for 1125 with stop below 1089. Good Luck !
USDJPY @ 123.18 at the time of this post update. It seems Yen has already completed it upwardly move and on four hourly chart ready for downward target in 121.90 area with stop above 123.40
Euro @ 1.0975 at the time of this post. Euro four hourly channel support read with two bullish candle pattern confirming views that currency is likely to remain bullish for short term for the target at 1.1090 and 1.1195 with stop below 1.0825. Good Luck !!
Euro touched the channel boundary at 1.05 in March 2015 after which it moved in bullish consolation phase on monthly chart. Technically speaking it seems that currency is ready to break this phase and likely to start bullish trend soon. I think a long trade is logical for long term opportunity seeker with stop below 1.0820 for first target around1.1850. The...
It seems GBPUSD has completed its internal bearish correction per four hourly chart, The bearish correction is less likely to bring currency below the level of large size bullish candle. Therefore a long trade is logical for 1.6015, target worked out per trend line resistance level with stop below 1.5440.
Gold is likely to complete the last bearish leg on hourly chart to touch the support line at 1084 +/-, if the observation is correct then gold should not trade above 1098 decisively after this post, hence an opportunity to sell now for 1084. A second trade for long position will emerge around 1084 to get support at the channel for back to 1107 resistance area...