AUDNZD has been declining for couple of days and is ready for an intra-day pullback before the major trend continues. Analysis is based on my currency pair analysis. I expect the pair to fall to 1.04438 where I will enter the trade with initial profit target at 1.04794; 2nd target is at 1.04948. Stop loss is few pips below 1.04369. Any questions? Please let me know.
This is based on strength analysis just as I predicted for NZDJPY, EURJPY & GBPJPY last trading week (check out my last week trading idea on JPY). Initial profit target is @ 1.120 while the second target will be at 1.240. This is a swing trade but could change to positional trading depending on close of daily candles. Any questions? Kindly let me know.
From my analysis, JPY is ready to fall and couple of currency pairs could gain while yen is taking its bite. Currency pairs to watch include: EURJPY, NZDJPY & GBPJPY. CHFJPY has led the pack already, but a pullback to support might not be a bad trade either. My 2 targets entries for EURJPY are 121.920 and 121.360 with a stop loss placed 10 pips below June 3 low....
This is a long term buying silver 14.52. The first hurdle to rally above is at 14.87, and after this, I'm looking at silver to rally up to 16 (at least). Risk-to-Reward looks fantastic
EURUSD long trade plan
I am looking at AUDUSD weekly as a potential more than 400 pips in profits. With a pin bar or engulfing candle appearing at around 0.71356, a good BUY entry...
This week brent oil falls to its lower channel on the weekly chart & looking at a lower time frame to make the long entry. Stop loss placed below the lower channel while initial profit taking will be @70.55 resistance price level, however I'm a fan of trailing stop using fractal on lower time frame.
Watching the pair for weakness. If pair unable to make new highs above 0.7319, then, a short opportunity could avail itself. Alternative short pair: AUDCAD
I plan to use trailing Stop using the fractals