Long entry, Broke major resistance. Retraced back and will look for continuation.
Looking for Gold to breakout. Long position potential to 1374 and beyond. Ultimate goal is 1524
Bullish pennant forming on the 4hr. Entering either at the bottom or break out. Thoughts?
Possible long opportunity in USDJPY this week. Waiting for break of descending wedge to the first target of 109.5, second target 111.359
Short based on Fib retracement. First target ascending trend line. Second will be 105.2 if it breaks through. www.mindfultrader.co
Simple set up. If we break the trend line we will place a short position. The USD gain serious strength since Yellens comments last week. First target 0.658 Update when we have confirmation either way.
NZD/USD looks to be forming a descending wedge. It will be breaking out soon potentially to the upside. www.mindbodytrade.com
Watching the NZDUSD over the following week for potential short opportunities.
Short around 1140. Looking for confirmation at trend line for a target of 1020
Looking for a confirmation candle at resistance around 0.738. If this happens I feel it will continue to the downside. It also looks like a bearish ascending triangle is forming on the 4HR. Second option - If it breaks through the 0.738 R, A long position will be taken. Thoughts?
Falling wedge forming on the 4HR EUR USD. Thoughts? USD is still very strong and if it breaks 1.049 this thing is on its way to parity.
Looking for break of 4hr trend line and pattern. Looking for 1200 first target.
If we see a break of the upper trend line, there is a good chance of it going to 1300. Recently made a higher low on the 4HR to form a new support around 1168-70. First target is 1215.