Best of the bunch today as markets absorb interest rate announcements. Playing the channel support & resistance has worked out well, a sell stop order at 1.73280 can be placed with a stop loss at 1.74870 and target 1.70280. Updates daily in the VIP group chat.
Following our recent analytical successes a long trade can be taken around 68.80 level as we expect prices to move higher in the coming days and test 74.00 price.
All stacking up for a move higher as longer term uptrend is intact. We need to see price action break through the current downtrend resistance and close above before entering a long trade. You might want to wait or jump in now........it's up to you, that's trading :)
The FTSE index has respected our analysis and has produced some great trades for us. Today on the daily timeframe we highlight our shorting level of interest (LOI) at 7867 and we monitor closely. Updates daily in the VIP group chat.
Very visable here again is a repetitive pattern within a range. We see a buying opportunity at support in this pair today. The MACD whilst not confirmed could be considered as over done on the bearish side! Note of caution: High impact figures in CAD out tomorrow. Updates daily in the VIP group chat.
Repetitive patterns work well and we see a buying opportunity in this pair today. Trading with the uptrend as momentum turn positive should take this pair higher. Note of caution: High impact figures in CAD out today. Updates daily in the VIP group chat.
Trading with the trend is more preferable (for obvious reasons) and as prices fall with momentum concurring a short trade can be taken. Entry level 0.91658 S/L 0.92380 T/P 0.90800. Updates daily in the VIP group chat.
Looking at the 200 day ema support GOLD has the potential for a move higher.
We have another go!!! Short trade neatly trading with the trend. Sold at 0.63386 S/L 0.64015 T/P TBC.
The 200 day ema is a big support level and we have our various strategy indicators switching to a bullish standpoint. We have put a buy stop pending order in at 1.09280 S/L 1.08920 T/P 1.10500.
A long trade is preferable as prices push higher. Trading with the trend and bullish momentum should propel this pair higher.
Analysis has worked well and we take a long trade at 1.20190 level S/L 1.19170 T/P 1.21100.
We have gone long with the trend as momentum turns bullish.
We have prices below the 200 day ema as uptrend breaks! Adding confluence are the confirmation indicators and ocillators now in bearish positions. Stops need to be placed just above previous high at the 1.44550 level. Updates daily in the VIP group chat.
Today we analyse this pair and ask ourselves ‘is the 200 day ema old resistance level now going to act as new support’? As we have held at the 200 day ema and now switched to a bullish parabolic position further upside can be anticipated.
With prices now back firmly below the 200 day ema we have taken a sell at 3990 level placing a stop at 4190. Target we can be flexible with for now so keep a close watch!
Never be frightened of following the analysis when it changes! From recent long ideas we now see a short opportunity.
We did well recently on the long momentum trade and we have a shorting opportunity in play. Sell entry level 1.00150 Stop 1.00780 Target 0.99280. Updates daily in the VIP group chat.