clean buy set up. Take profits in between. Sl right below recent support level.
Gold looks terrific if we zoom out and look at the monthly chart. With some signs of a Bullish flag we also see some bullish engulfing patterns becoming more consistent in the chart March could be a big month for metals and commodities War brings cash uncertainty to investors. Gold has usually increased in value in times of war. March could bring some strong...
Target is 35000. I plan on selling until 37000 and then trading the pullbacks Prepare for a nice flush to 37000.
# Could we see a fall in Pound vs Yen? # The pound has been very strong recently. At current prices I believe that the buyers are getting exhausted . We've seen 2-3 failed breakout attempts at the 70-80% fib levels. This seems to be a wonderful short opportunity for the bears to take control. There seems to be a 4h support level at 154.0 . I believe...
EG SELL. When the market opens watch for a pullback on 4h chart .
Look for yourself oil is filling space before its drop ~Fx Chulo
OANDA:GBPUSD Gbpusd has been gaining momentum clearing some key resistance levels. The support for gbpusd has been very strong. I'm looking at a continuation pattern on the hour 1 time frame. Major break and retest at (1.31500) ending NFP bullish.
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I would rack up some April $14 calls on BTU. With the temperatures dropping there could be an increase in power consumption. BTU has established a great level of support and seems to be headed for a breakout to $18 . Strong enough idea for me to take that gamble on.
Patterns always repeat. Gold looks to be back on its bull run. could shoot upward to 1800-2000s with currency uncertainty. Look for a 1600 or a 1580 pullback.
Eurgbp Has been selling since august with no signs of exhaustion. I'm expecting the pair to continue its sell trend.
GBP looks like its found a secure level of support at 1.2600. I'm expecting a GBP push soon. ~FxChulo
I Beilive AUDCHF will blow up. the pair seems to have hit a correction on its . Failing to break its previous low. I Have hopes in a short sell and then a long buy on this one . Honestly ~FxChulo.
After gold hit an old level of support making 1500's the new resistance level, gold has since been on a bearish pattern. Gold made a strong level of resistance last week in 1480 before finally falling to fill the daily trend of the bear. Gold may buyback to 1502 depending on the economy during the holidays. But overall I expect a huge sell move to the 1320s.