Monthly, weekly time frames are in line with the long bias Daily time frame could be interesting, will be looking at Friday's candle close to judge the entry on this one. sit on your hands for one more day!
Hello Traders! A quicker than normal break down of the above pair! a lovely technical bearish flag set up on the cards for Gold!
Awaiting daily close to assess trading opportunity. stay patient
Monthly: - Bullish Channel - Higher Lows and Higher Highs - Above 50ema - Morning Doji star formation off support and 50% fibonacci Weekly: - Above 200ema - Below 50ema (ideally wait for close above and retest) - Last week candle close Bullish Engulfing Decision: Await Daily bullish price action i.e Bullish Hammer retesting resistance as new support to trade...
The ECB press conference announcing that they are keeping rates the same and increasing asset purchasing programme "First, as regards the key ECB interest rates, we decided to lower the interest rate on the deposit facility by 10 basis points to -0.30%. The interest rate on the main refinancing operations and the rate on the marginal lending facility will remain...
Here on the AUDJPY we can see a highly confluent area to take this pair lower, however it is not confirmed and I'll be monitoring these key levels for deceleration and price action to warrant a short position! Jus tone to keep your eyes peeled for. Reasons to go short: - 50/200 EMAs could crossover to the downside - Market making Lower Highs and Lower Lows -...
A Simliar scenario as on GBPAUD weekly I posted before, I am waiting on a value area (an area of high confluence back both by fundamental and technical data) with precaution to trade this pair back to the downside. We could see a double top for at the 38.2 retracement area. However, I'm just standing to onside in the meantime before securing a good trade.
Hello Traders! Here on the Aussie we have been witnessing a lot uncertainty, from a fundamental perspective ; This pair is greatly affected by the again markets in emerging and advanced markets, with a recent slowdown in China threatening Aussie's export quota, this could have been the catalyst for further weakening, however in a recent statement released by the...
This is the long term descending trend line that has been broken to the upside. indicating that we could have new highs on the way. however ideally we want strong confluence of the 100 level being tested as new support.
Here is the USDJPY daily chart, above is a possible scenario to test the 2015 highs for this pair and hopefully be the leg up to make new highs, but who knows for sure? No One! With the DXY now breaking the psychological barrier of 100 we could see the bull market back on and with BoJ looking to increase their QE programme and FED rate hikes on the cards, this...
GBPAUD, Weekly. This is an example of a trade i am lying in wait for, I have been following this uptrend for months and there could be a potential high value area for this trade from a technical perspective. On the daily timeframe there are plenty/have been plenty of opportunities to short this pair, however i am waiting to go with the trend. PROS: - 50EMA -...
THIS PAIR HAS BEEN GIVING RETAIL TRADERS A HEADACHE SINCE JULY 2015!! HOPEFULLY IT RESPECTS THE HLs & LLs.
I AM STILL SHORT BIAS ON THIS PAIR WE HAVE BEEN IN THIS CONSOLIDATION FOR NEARLY A WHOLE YEAR. THE BREAKOUT WILL BE VERY NICE TO TRADE AS WE'LL BE EXPECTING HUGE DOWNSIDE POTENTIAL
Upon a break and retest of the descending trend-line and mouth watering price action can we consider a trade long on this pair. STANDING ASIDE FOR THE MEAN-TIME
ORDER SET FOR A BREAK ABOVE 1.50725. IF THIS TAKE ME IN, HOPEFULLY RIDE UNTIL D1 EXTENSION
Hello Traders, Without too much to waffle on. as most already know we've been trading in a range on cable for what has seemed to be an age. I've had an order on this pair and finally triggered. Reading the structure of this pair despite the range are HLs and hopefully see a HH.