EmmanuelDuru

EmmanuelDuru

Hello Traders, Currently short on Gold, we are approaching the long term trendline since its bullish rally and expecting it to find support and give opportunity to buy. Stops are just below the trend line. Using basic technical trading 101 in this play (trend line). Hope its a good Experience Trading it.

EmmanuelDuru

I hope everyone had a great trading week. This week ended in losses over her but going to maintain a bullish outlook for eur/usd next week as well. Indices are still bearish due to current issues in China( Currency devaluation) but anyway traders, its time to go ease off and relax for the weekend. If you did not bank on any pips this week, dont worry, there will...

EmmanuelDuru

I try my best to avoid trading this instrument because I am not too sound on the fundamental areas of this market however I take some technical appealing trades sometimes. I am looking to go long on a bullish candle close at the third touch of the trend line especially at the 50% retracement. It is a relatively small trade. As usual, I'm looking for a favorable...

EmmanuelDuru

Target 1-45.27 Target 2- 46.15 SL- 44.11

EmmanuelDuru

Every trader has a moment studying where you come across 'the trend being your friend'. Sometimes its good to be different and take risks, well controlled risks. That is what trading is about right? Oil has been falling since early last year and possibly will continue till fundamentals are good especially with the current supply in the market and geopolitical...

EmmanuelDuru

I have not posted in a while as I have been busy however certain things about the FTSE FUNDAMENTAL In the next hour, we are expecting monetary policy decisions meeting by Mark Carney relating to ( interest rate decision) . Obviously, this is more likely to affect currency than the FTSE due to the fact that interest rates play a huge role in the strength of...

EmmanuelDuru

As you can see, a massive head and shoulder is forming.If it confirms by breaking the neckline, we could see some heavy bearish action going. What do you guys think?

EmmanuelDuru

This is a quick long trade, as you can see price has broken out from the channel which signifies bullish momentum. The RSI is significantly oversold on the daily candle. Also a morning star has formed on the daily candle as well. target is for 17505 where immediate resistance is. This is all of the bounce of the support 16423 Price has hit target.

EmmanuelDuru

As we can see, there is an ab=cd move on the 1hr timeframe that has confirmed it by hitting the 618 fib retracement. We should be looking for a break of the 9791 support to target of 9600. If really aggressive then 9455 is a good target but first and easy target is 9649 then 9600 Also on the 5min, we can see a head and shoulder forming and gives more signs to...