zuoertai

zuoertai Updated 

Wait for the pullback and open sell at around 1.27800 as long as the resistance holds. Do not expect any long position to make good profit because the downward trend is still very strong, fundamentally and technically.

zuoertai Updated 

ENTRY: 145.260 TP: 144.300 SL: 145.450

zuoertai

Wait for signal to sell Entry: 129.220 TP: 128.420 SL: 129.400

zuoertai

Watch for sell signal at around 1.13590. TP 1.12800 SL 1.14000 Risk takers may open long position to trade the pullback.

zuoertai

Reason to go short: 1. Expect EUR to drop 2. RSI and MACD divergence 3. SO overbought and death cross has formed TP: 128.600 SL: 129.350

zuoertai

Price has already pulled back to resistance and it's currently going down. I'm expecting it to reach a new low. Short order====> TP 1.85820 SL 1.86700 Long order====> Entry: 1.85160 TP: 1.85770 SL: 1.85000

zuoertai Updated 

Keep an eye on two support levels: 113.435 and 113.165 If a fake breach occurs near 113.435, then take long position to 114. On the other hand, if it's breached then look at 113.165. Most likely it would hold since there are multiple supportive indicators. If holds, then long to 114.

zuoertai Updated 

Wait for legit signal to go short at 1.14000. TP 1.13000 (nearly 100 pips) SL 1.14250 (about 25 pips)

zuoertai Updated 

Wait for clear signal to enter short (fake breach) Entry: 1225-1226 TP: 1212 SL: 1230

zuoertai

Downward trend line continues to serve as strong resistance. DXY has basically finished its pullback that it will most likely become bullish again. Brexit's uncertainty remains. =====> Short GBP Open short position ONLY IF price falls below 1.28000. TP 1.27400

zuoertai

As the chart shows, a double bottom formation is potentially forming, especially EUR is going to pull back during the day. 1. Risk-takers may enter long position now and take profit at 1.13770 2. Safe traders shall wait until the formation is finished and then look for clear breakout signal to go long. Take profit at 1.14190. 3. Keep an eye on any news...

zuoertai

1. Price is currently pulling back and going to test the resistance at around 145.300 2. USDJPY is rising and likely to meet resistance at upper bound of downward channel. It will go down 3. Any uncertainty about Brexit during the evening will trigger the price to fall. ====> Short at around 145.300 and take profit at around 144.300.

zuoertai

Since the market recently pays more attention on Brexit and EURO zone, I would not expect huge volatility in gold. As long as the price does not breach 1230, short position is still legit.

zuoertai

1. RSI, KD and MACD indicate the price need to retrace during the day 2. 1.28600 is the first resistance to be tested today. It is also at 200 MA in H1 chart 3. Brexit remains uncertain until December 10-11th 4. Keep an eye on any positive and negative fundamental news

zuoertai

1. Price remains in a perfect downward trend 2. KD, RSI and MACD in both H1 and H4 charts show demand for some level of pull-back to find a new opportunity to go short 3. Price is likely to test the first resistance level at around 1.13640 during the day. The second resistance level at around 1.14000 Pay attention on resistance levels and take short...

zuoertai Updated 

Multiple resistance levels: 1. Downward trend line since September 24th 2. 200 moving average 3. Fundamentally, conflict between Italy and EU is increasing 4. Upward trend line formed since November 12 isn't that strong ====> Expecting downside breach and short opportunity

zuoertai

Reasons: 1. Downward trend line is still legit and offers strong resistance, as well as the Fibo 50% - 61.8% area 2. RSI is about to go down below 50 3. MACD has the trend to go down below zero TP 1 at 0.72000. May Take some time to reach TP 2

zuoertai

Open buy at around 112.900 TP1: 113.300 TP2: 113.500 I would expect the price to take at least two days to reach targets.