in 2018 I expect a rise in prices for precious metals - gold, silver, platinum
2017 was the year of accumulation of long positions
I will trade on the trend with additions
if I'm wrong then I'm wrong and stop loss will cut losses
cot reports indicate a high probability of growth of the Japanese yen in 2018
In 2017 the pair USDJPY was in the accumulation stage
level 115 limited any attempts at growth
there is a probability of a decline after the retest of the level of 900.
but it is necessary to take into account that the seasonal trend in January is up (80-90% probability of growth)
I'm waiting for breakout on silver market.
Also I still expect the growth of gold.
But also I'm ready for the down trend
XAGUSD or silver futures - below 16.8 to sell and above 17 to buy
There is a probability of a good swing up in the gold market. USDJPY is near strong resistance at 115.
The yield on 10-year treasuries is decreasing
I wait for breakout 1282 level.
First target 1300
Second target 1315
- Daily MA 21
- Monthly Pivot
- h&d neckline
- triple top target 1.15
Today I'm waiting for Payrolls for open short.
Also I consider long for platinum
It all depends on the market reaction to payrolls
-Weekly EMA 21
- 23.6 Fibonacci
- correction in the zone of the Elliott fourth wave
- double top ?
- level 1.25
- down channel from may 2017
First target 1.2180. I need good entry point with small risk
my expectations for the coming week is a decline in the dollar
If nothing changes, I'll look for good entry point in eurusd (long), usdchf (short), audusd (long), gold and platinum (long), usdjpy (short), usdcad (short)
EURUSD needs correction. Weekly RSI is in the overbought zone again
October-November is the best time to correct
Extremely negative dollar sentiment
Targets 1.1750 and 1.1520
