Go long GOLD at 1952 stop: 1904 TP: 2020 Reason: GOLD touched the zone and up-trending support line.
Go long UBER entry: 31.04 stop: 28.4 TP: 39 risk-reward = 3 Reason: bullish key reversal candle in the support zone
Go long UMRX entry: 2.93 stop: 2.68 TP: 3.80 Post-impulse move should continue
Go long USDJPY as it made re-low and touched support zone. Enter 112.35 Stop 112.20 Take-profit 113.30
Market is extremely short of GBPJPY. Expect those shorts to be squeezed out again. I think we have high chance of positive headlines regarding Brexit. UK and EU should somehow find mild solution. Minimum target is 145.40 where the last minimum is.
This idea may look controversial but I advise going LONG GBPJPY. Market currently is very short GBPJPY. Liquidity is poor, because it's summer. In these circumstances, positions can be squeezed very easily. Techincally, on the day graph we BROKE down-trend channel and made new RE-LOW. This combination is often point of reversal. Potential profit is about 3...
China still faces risks. RBA finally cuts rates.
Brexit is still on the table. If investors finally start to hedge even some portion on their GBP investment, pound can fall dramatically.
USD long was the main funamental idea in 2014 and 2015. Nothing changed. FED just paused and US economy showed some weakness. It is just a correction and good moment to go long USD against G7 currencies again.
GBPUSD broke downward channel and retraced to it. Possibly, downtrend is over.
USDRUB finally should retrace lower because: - there was big re-high - 5 wave structure has finished - oil retraced sharply recently and I suppose oil is gonna go sidehead or higher - possibly sanctions against Russia will be over soon Aim: 65-72 area
Perhaps we are prefacing the longest elliot wave - the 3rd wave in 3rd bigger wave. Long at 1.0870 Stop at 1.0800 T-p at 1.1250