The 3 RSI on the right are Weekly/Daily/ and hourly time frames respectively from top to bottom.
The trade idea is shown on the chart. The entry and exists are shown
The speculative foot path is shown on the chart. The index is expected to reside at vicinity of 83-84 area.
A short is low risk, targeting the two targets shown.
Time for a correction if not reversal.
EURCAD is showing divergence on H4 time frame. Expecting a move up from this level. Protect you trades with a stop limit you can digest.
This is a sell stop order, below today's min. Please do you due diligence.
The area between high of today, 24/07/2017, and top of the area highlighted should act as an overhead to send Gold below 1200. Over coming this hurdle, would send Gold to test 1295, and +1325 (1366, 1389, 1420), eventually. I have chosen, SHORT, because that is what I expect to happen. See the price action first, and trade what you see.
FTSE Seems to be approaching a level, worthwhile to watch. Look for reaction of 7565; It either should go to a i) deep correction, or ii) reversal.
Entered a short position on FTSE at 7570, with a tight stop. The first target is rising red line (shown on the weekly chart). Please do your due diligence. Hamed
In its first correction leg, gold made a 5-wave move to down on the weekly time frame. The gold market moved in a near symmetrical proportion, slightly inclined toward an expanding market. It currently completing its corrective B move in weekly time frame, where it is expected to reach at about 1380. It then expected to start its C wave, in 5-wave structure manner...
A low risk entry for GBPCAD, with tempting RRR. Trade with care.
Not a bad trade in terms of RR. Worth a ponder about. Target and stop are shown on the chart.
Stops and Targets are shown on the chart. Trade with care, hopefully no more than 3% of trading capital.
I am re-entering this position with a stop below 1.44 and targeting 1.573
RSI failing to make new highs, for such a long time, while price is pushing marginally higher each time. In the last push price failed to reach to the resistance line, with the gap shown with green box. On the other hand, RSI keeps penetrating below 40, which is rare to see in a strong up trend. These are all signs that a short position is justified. Please wait...