Daily trend is up Up to Nov. Pivot's R1 = 1.3448 Alternatively, when price breaks 1.3073 red channel line / support, short to 1.287 levels
Previously, trend has been down. Could be sideways now. Short with target 0.6883 Alternatively, long at 0.6926 with target at 0.6964
Trend is down, short with target 1.1480 Alternatively, when price breakout of 1.1669 -> long
Wait for breakout 1,284 then long Alternatively, should a breakdown occur below 1,260 short Due to uncertainty in the Middle East, probability of XAUUSD going up is likely. --- Extracted from Investing.com Gold prices made a strong start to the week as investors piled into the precious metal amid growing political uncertainty in the Middle East after Saudi...
USDJPY 15 min Sell Open at 113.96 Close est. 113.76 Stop at 114.05 for 20 points if not wrong if wrong return 10 points to market
Risk/Reward > 4.0 Entry 85.9 | Stop 85.04 | Exit 89.2
A triangle. Prior trend was down. Short 0.747 | Stop 0.75 | Exit 0.7385
This announcement takes precedence over other forms of technical analysis: candlestick patterns, pivot points, etc. Instead, time leading up to the announcement ( minutes before ) & the larger trend becomes critical. During this period, other forms of technical analysis (Pivot Points & Elliott Waves) take a backseat.
(a) - (b) - (c) completed The larger A-B-C would make the USD/JPY go south to approx. 121 levels. Entry 122.85 | Stop 123.56 | Exit 121.0
EUR/USD was not trending last week. So, it's probably in a sideways correction this week. Anticipating a double A-B-C correction to 1.11 levels. Entry 1.1261 | Stop 1.1319 | Exit 1.1126 Risk/Reward of 2.33
Entry 1.24455 Stop 1.25436 Exit 1.22620 Risk / Reward Ratio : 1.88
Triangle wave 4 ended on Jan 20, 2014 at 1.28279. Expected to head South. Refer to Daily chart for trade setup.
Gold is anticipated to head up to 1,354 levels. Previous resistance on 2014-03-03 at 1,354.6. MACD is above zero. No divergence.