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.
The USD has rallied aggressively since last weeks stronger than expected job numbers in the US. Technically this pair is testing a well respected resistance level so we wait for price action to pullback before considering a short trade. Pullback has happened with price action clearly below the 200 day ema. A short is preferable at current levels. Updates daily...
Trading with the trend is preferable as can lead to higher probability of success trades. This morning we have a clean long set up in AUDCHF. We start with a 2:1 risk reward ratio and we'll monitor proactively throughout this trades lifespan.
Further to todays analysis this pair looks to be performing as per the technicals. A short can be taken at 97.700 level. Stops in the first instance can be placed above the recent high 98.880 level.
Play the trend long entry 12401 S/L 12180 T/P 12700.