I am liking what I see on Gold. Price broke a down trend line from the Daily Time frame and it seems price is on its way to the Monthly Pivot at 1228-1232 Dropping to H4 & H1 Time frames: - If price is able to retrace to 1172- 1176 area and gives a bullish sign (bullish engulfing candle, Pin Bar with long shadow, tweezer bottoms, Morning Star, etc ..). Any...
NZDUSD A MOVE TO 0.8100 (YEARLY PIVOT) ON A BREAKOUT OF TRENDLINE, PULL BACK AND CONTINUATION. ** Check out Dollar Index analysis and commentary
GBPUSD DAILY GBPUSD might be setting up for a move to it's yearly pivot at 1.61 area. One idea might be a H&S setup. Another idea might be a breakout, pull back then a long trade to the yearly pivot ..
AUDUSD IS SETTING UP FOR A MOVE UP TO ITS YEARLY PIVOT @ 0.8600
DOLLAR INDEX DAILY WATCH OUT FOR 11700 & 11500 & 11100 LEVELS !!
DOLLAR INDEX H4 TIME FRAME SYMMETRY TRADE USD Index will probably fall to 11860 shortly which means I will only be thinking about Long trades in GBPUSD EURUSD AUDUSD NZDUS and Shorts in USDCAD & USDJPY
1. EITHER ENTER LONG ON A BREAKOUT OR 2. WAIT AND ENTER ON A RETRACEMENT ** NO BREAKOUT = NO TRADE !! ** WATCH FOR PREVIOUS HIGH @ 0.7910 **
March 21st 2015 After a busy week that was filled with Economic News & of course FOMC Policy Statement Plus Janet Yellen's conference, this is my take: 1. People came to a conclusion that removing "Patience" from the FOMC statement does NOT mean raising interest rates in two meetings (i.e. June 2015) 2. FOMC stated clearly stated that raising interest rate...
I would like to take a long position on AUDUSD based on a symmetrical move to 0.7780
March 15th 2015 - Possible Short term Long Opportunity Basis for going long GBP/JPY 1. Trend Line Support 2. Bullish Hidden Divergence (Price made a higher low but Stochastic made a lower low) Profit Targets: TP1 @ 180.40 TP2 @ 181.10 TP3 @ 181.75 Stop Loss: 178
Let's hope we get a pullback .. TP is still @ 1.3790 as communicated few weeks ago Check
Short @ 134.30 OR 133.500 SL @ 135.40 TP @ 132.50
EURAUD - Down Trend - I like to short EURAUD based on a breakout below 1.4310 - Placing a Sell Stop Order @ 1.4305 with a Target of 1.4205 (100 pips) - SL @ 1.4405 - Risk:Reward = 1 : 1
AUDCAD in a 900 pip range (0.9400 - 1.0300) Price made a higher high and retraced. Now it's going back up again (Also broke the down trend line from the retracement move). I am expecting price to go to parity @1.000 then retrace a bit before continuing to 1.03 resistance level
To get involved, wait for the trendline break before shorting OR short when you see a bearish candle stick formation at the right shoulder. (A good way to short is to spot divergence on the shorter time frames H1, M15 or even M5). Stop Loss goes above the head,
1. As said, price faced resistance at the 38.2% retracement level from Weekly TF. 2. I can see price retracing to 1.517-1.524 zone before making another push to the up side
1. GBPUSD faced resistance at the 38.2% Fibonacci Retracement Level from the most recent down move (@ 1.5551 Level). 2. I still believe GBPUSD will retrace to the 61.8% Fibonacci Level @ 1.5922 for a re-test of the long term broken down trend line (in red). 3. Question is: Will it go there immediately or will we see a retracement before a push back up ? This...