JamesZhang

JamesZhang

This a basic way of analysis , and I belivee every traders in this market should learn it . It will help you to set up a proper Stop Lossing Position & Take Profit Position . I'd been working in this chart for hours, if you think this chart is helpful, don't forget to Thumbs Up . Thank you.

JamesZhang

The price just formed a pretty good Death Cross yesterday. And it pulled back to the Moving Average Line of 60days which is the good position for selling order . Sell 124.000 SL 124.250 SP 122.920

JamesZhang

According to Elliott Wave principle . AUD/USD will be back to a new falling trend when it finish the corrective wave, that's wave 4.

JamesZhang

The support of 0.94700- 0.9500 is an important position for USD/CHF risiing trend. And it's also the 38.2 Fib retracement . Open : 0.94800 S/L : 0.92700 S/p : 0.98600 Risk/Reward Ratio: 1.81 .

JamesZhang

Sell it when it pull bcak to the upper line of Falling Channel which is the 38.2 retracement of 4H's chart. SELL: 1.10500 S/L : 1.11500 S/P: 1.07200 Risk/Reward Ratio: 3.3

JamesZhang

I believe the price just finished the Wave3 , and it's coming to a corrective Wave , wave 4. Then it will star with a new falling trend. Suggestion: DON'T SELL IT RIGHT NOW. Be paticen untill the Wave 4 is finished.

JamesZhang

GBP/AUD has been rising for quite a long time . And its RSI of 4H/DAY/WEEK/MONTH period has come to a pretty high position, I am inclined to believe it will keep going up. But it have to digest the Over-Buying situation first. Anyway, I will sell it when its RSI break the RISING TREND LINE. And the S/P S/L will be included in my next Chart when it brake the line.

JamesZhang

The price has temporary broken the Falling Trend Line and it looks better than 2 times bofore. If the price could keep standing upon the Falling Trend Line then the Black line will turn into a support line . Combine with the great Gold Corss of yesterday, I built up my order: Buying at 1162.300 Stop Profit : 1177.50 Stop Loss: 1156.00

JamesZhang

I believe the USD/CAD will keep going up. But the USD/CAD have a high potential to pull back since it's RSI have come to a kind of high position. And I suggest : Sell it at 1.2800 -1.28200 Stop 1.2920- 1.29300 Target around Fib retracement 61.8% : 1.24900 If the price did pull back to 61.8%. Then I will build a BUYING order, and the target...

JamesZhang

The USD/CAD is coming to have a chance of building selling orders . SELL: 1.24000 - 1.24500 STOP: 1.25100 Target: 1.22600

JamesZhang

I see a good chance to sell GBP/USD right now. The resons as following: 1 / The price broke the Rising Channel on June 23 . 2 / The price broke All the Moving Average Lines of 5/14/30/60 on June 23 too, and has already formed a great Death Cross. Attention: The price made a higher low point on June 2 and a new higher high point on June 18 in DAY...

JamesZhang

SELL 1.29000 TARGET 1.10500

JamesZhang

Now the price come to a end of triangle. Then it will begien with a new trend of rising of falling.

JamesZhang

Now we need to focus on the support of 61.8% retracement. And the price now seems to break the Rising Channel.

JamesZhang

The XAU/USD now come to the upper line of Descent Channel. I suggest we wait for the next step of it . If it break the 1185.5 - 1186 then build the BUYYING order. If it pull back from the 1185 then build the selling order.

JamesZhang

The basic idea of XAU/USD remain the same with my last chart in one month ago. And I believe the price of it will soon get to the Daily Support Line about 1152-1156.

JamesZhang

The price of NZD/USD is keep moving under the Descent Trend line (RED). And the Descent Trend Line served 6 times as a Resistance Position in 1 hour's Chart. It broke all the Moving Average Linesof 5/14/30/60 days last friday. That means a new falling trend of short-termhas been formed. Anyway, the price now come to the 138.1% Extention position of 1 hour's...

JamesZhang

Check the chart.