Morning Guys, Since price broke our bullish channel at 14.36 UZ bears in full control. Price looks to be headed to the next major level of structure in the 13.90 -13.80 zone. This is nothing new as price was here mid-July 19’. It’s not unreasonable to assume the price will test this zone and reverse to the upside
Ans has closed below our trend support at 8770. bulls are really out of steam here. I'm happy to set up short entries here and set targets at 8644
Hey Guys, EG is making a test of our daily bullish trend resistance. This area has major confluence of daily trend lines and hourly levels of structure. Lets buy until 0.85750 with one target en route at 0.85593
Hey Guys, Simple trend continuation for EC ENTRY: 1.089 SL : 1.092 TP: 1.079 Risk 2% R/R: 3:73
Morning Guys, Happy Holidays! Looking at GOLD and a lot of people agree that the bulls are running out steam as price approaches a major resistance level at 1515. I'm happy to open a sell limit at 1516. TP 1 - 1492 TP 2- 1454 Good Luck and always try your best to practice good risk management. Don't let them fool you, trading is all about good risk management.
Hey Guys,its a new week for UZ and price has broken and closed beneath our daily trend support at 14.36. It’s continued to rally after a rejection at 14.16321. Price close on bullish candle on the daily chart and has since been making HH’s since. Let’s follow the new trend to at least 1% fibo retracement at 13.43 Ratio is nice 3:1 SL: 14.22492
Since price closed beneath our daily trend we can assume that price is going to pullback and then rally to the next significant level of structure. Entry: 1.08966 SL: 1.09174 TP: 1.08312 R/R: 3:1 65 Pips Check out my previous idea for EC Outlook for early 2020. Let me know our thoughts and comments on EC! Good luck and practice good risk management.
I've had my eyes on EC for a few days now. Last week price closed beneath our daily trend support which means the bears are in control now. Price could pull back to the trend pivot for a retrace at 1.089 and rally to the demand zone around 1.080. don't rush to long this pair there are still few levels or structure to test before we can confidently ride the swing.
Morning Guys, Happy new week, Looking at Aussie/Pound this morning Price is locked in a bullish channel on the Daily time frame. On hourly charts, we’re approaching daily highs at 0.692. Price is likely to reverse from this zone as it has done in the past. I'm happy to load a sell limit from 0.692
Scalping 120 pips off CJ. My entry might be a little early but use your own risk management
Hey Guys, looking to scalp the retracement on GU. Entry - 1.30102 SL - 1.29707 TP - 1.31327 Risk - 1 % R/R : 3:1 There are a lot of people holing GU shorts because GU could head to 1.29 Use proper risk management
Hey guys, based on my previous UZ idea, lets set up a buy limit on UZ. stats are on the chart
Morning Guys, It looks li UZ is approaching a major level of structure on the Daily timeframe. A trend line that’s been respected has now been violated at the 14.30 level. The next stop is 14.14. 14.14 is significant since the price has bounced off this level many time in the recent past. Beyond that, the price has indeed reached 13.84 so be careful when setting...
Hey Guys, NJ has just made a test of the 71.91 zone. The retrace should make 72.19 the best level for a short entry. Target is 71.01
Hey Guys, GU looks to be headed towards two major levels of structure. 1.31 zone is the previous level of support but 1.30 is a firm level of resistance. Price is most like push to 1.31 zone before bouncing and retracing to around 1.33
We have a great intra-day opportunity for a few pips on EG today. Nice 3:1. EG also looking good for a reversal to the upside long term.