Looks like gold is set to gain 40 dollars in 57 hours (target 1246.82) or 47 dollars in 68 hours (target 1253.83) if extended 1265.9..
Community Blog
02-02-2017 | USDJPY TRADE UPDATE
Hello my fellow community members,
This post is an update to my yesterday's blog entry regarding the USDJPY SELL TRADE . We had sold the pair with stop-loss above 113.66 and target at 112.35. The target has been achieved today. The trade ended with 89 pips profit.
USDJPY HOURLY CHART
From the chart it seems like one may get another opportunity to enter this sell trade near 113.00 levels. Stop-loss needs to be kept above the falling trendline.
Happy trading to all.
This post is an update to my yesterday's blog entry regarding the USDJPY SELL TRADE . We had sold the pair with stop-loss above 113.66 and target at 112.35. The target has been achieved today. The trade ended with 89 pips profit.
USDJPY HOURLY CHART
From the chart it seems like one may get another opportunity to enter this sell trade near 113.00 levels. Stop-loss needs to be kept above the falling trendline.
Happy trading to all.
15 OCT EURUSD
Last week on 13 oct we talked about EURCAD as it had broken lower from a rectangular pattern and the target on the downside was give 1.45000 and 1.44000 respectively. Although our first target was achieved easily but for second target the market closed just about .0007 pips away. Till now we have gained 193 pips approximately on this trade setup and we had risked only 68 pips. It seems to be a very nice set up. From here I expect price to rise a bit and we can see some profit booking this week b…
GBP/USD to turn bearish
Gbp/Usd upward move should now be finally over after hitting target of 1.7
and a shift to bearish sentiment would seem imminent
I believe that the Gbp/Usd is too high at the moment
but has continued to stay so until 1.7 target was broken
I think we will see a quick decline in the pair in a short while now
To show you how I estimate the first target we first turn to the weekly chart:
here we see that weekly Fibonacci Pivot Point lies around 1.677, an area that would be a natural first pullback an…
and a shift to bearish sentiment would seem imminent
I believe that the Gbp/Usd is too high at the moment
but has continued to stay so until 1.7 target was broken
I think we will see a quick decline in the pair in a short while now
To show you how I estimate the first target we first turn to the weekly chart:
here we see that weekly Fibonacci Pivot Point lies around 1.677, an area that would be a natural first pullback an…