Pennant formed on the daily gold chart. Waiting for a breakout to either side of the pennant, but anticipating a breakout to the upside. Upside initial target is the double 2012 high. Downside target is equivalent sized move.
Pennant completed on the daily gold chart. Breakout to bull side of the pennant had started. Upside initial target is the double 2012 high around $1795ish. We'll see if it plays out.
Looks like we may have entered into an ABC correction here. Price broke through trend support and then bounced off 2015 key level which could mean we are entering into the B leg for a long, and then a C leg for a short.
I will be looking for a movement below the green support on Monday before placing a trade. Overall this pair is trending down and it has pulled back to resistance. I believe this is a good time to short with the proper signals. I will be paying close attention to RSI and MACD. I have 3 TPs shown. The green line is long term support on the weekly. Looking like a...
GU broke through trend support, expecting a little retracement up, at that point I will try to enter a short position around 1.415
GJ is approaching resistance potentially at the trend line and also at the 50 day MA (also 200MA on the 4h chart). I will be looking for a bearish signal from the candles and/or a break of the upward trend support (green line)
Looking for a break of the upward support, that will be a good entry for a small position and then I can add more if it retraces back up to that line.
This trade is profitable if EG continues in its uptrend. I put the stop below the trend support, previous low and the 200MA at 4h, plenty of wiggle room.
GJ has broken this downtrend resistance as well as crossed over the 200MA on the 1h. Looking to get in long around 157.700 on the minor pullback. I'll be exiting if it makes a new lower low.
Looking to short after a small retracement. This depends on what happens to the price over the weekend and where it looks like it will open. GBPs gapped open last weekend.
I'll be looking for a retracement in the next 5-8 days, followed by bear confirmation on MACD and/or candle. If I see that I'll be shorting this with the trend.
I will be looking for a retracement to the 0.32fib level at some point this week. There is strong resistance above this region so I will play it safe at the 0.32 level rather than the 0.5.