The USDJPY is setting up a nice short on the 4 hour chart. Stop sitting at 112. Next area of support is 109.62
We are looking at a breakout long on Gold and looking for a retest of the recent high at 1688. Stop at 1622.
The short has set up and we are looking for a target of 1500.
We could be seeing a possible sell back to 1500 however would be good to see a retest of the high.
Hi Traders, We are looking at a week of very choppy price action on the Gold Charts which is setting up for a potential breakout of the daily charts. We want to be ready this week as we could see some early action before the Xmas/holiday break. Cheers Shane
Looking for a short term sell on Gold to fill yesterday's gap
Looking for short term sell on Gold. Price needs to close below the current trend line. We also have MACD Divergence.
Hi Traders, We are looking for a potential breakout on Coffee.
Hi Traders, I was thinking yesterday that we may get a shortterm retest of the recent high however it's looking more like a break of 1400 could be coming.
Hi Traders, As gold has failed to break lower late last week we could see a push higher off a breakout. There is a nice ascending trendline that is currently helping to provide strong support. I would not be surprised if we see a retest of 1437.
We are looking at adding an additional position here to pyramid into this gold move down to 1385.
Hi Traders, For those tracking Gold we now have a short term sell. After a very quiet session we have a break to the short side.
Gold selling off on a break of the short term trend line.
We are sellers on Crude Oil. Both the daily and 4 hour trendlines have been broken Target is 52.
The GBPAUD has set up a nice sell off weakness from the Weekly Strength Index. We are short from 1.810 looking for a target 1.760
Short term sell is also setting up on litecoin for the 4 hour chart. Keep an eye on price over the coming 4-8 hours. We are looking for a close below the ascending trendline
We really need to see litecoin close below the ascending trendline to confirm a short play on the daily charts.
Bitcoin/USD has a short term sell triggered. Our target at this stage is 8500. We have closed below the ascending trendline with momentum increasing to the short side.