SWtrader
Hello folks, today I am going to share with you my recent NZDJPY trade I made just a while ago. I shorted NZDJPY at 84.666 with SL at 84.762 ad TP at 84.094. You see the risk to reward is huge here. I will trail the top loss every 10 pips as the price moves towards TP...
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SWtrader
EURUSD is currently topping out, after sudden spike upwards. Traders should look into return bellow 1.26 after the hit of a trendline and MA 50 on H4 (currently 1.2660).
SWtrader
Gold is currently overbought on h1-h4 and testing significant resistance, this is a good short opportunity with SL at +4 USD and TP 5-10 USD bellow!
SWtrader
Hi folks, I am going to post here my trade ideas and analysis for the next couple of weeks. These are my subjective opinions and one should not place trades solely on these postings. It is a job of every trader to do his own analysis...
94
SWtrader
Hi folks,
I am going to post here my trade ideas and analysis for the next couple of weeks. These are my subjective opinions and one should not place trades solely on these postings. It is a job of every trader to do his own analysis!
So today I am going to start with my daily-weekly gold forecast. Gold has been inching lower in the last weeks due to the strength in USD index. However we are now in an undervalued market by most technical measures (I have bollinger bands and rsi on the chart). At the same time the price has reached the area of previous lows (marked by the blue rectangle). This is a perfect condition for the bullish reversal to materialise, provided that there is no heavy bearish fundamental influence for gold the next week.
My own trade positioning would be: buy at 1185 USD/ounce with SL at 1175 USD/ounce and TP above 1200 USD/ounce.
I am going to post here my trade ideas and analysis for the next couple of weeks. These are my subjective opinions and one should not place trades solely on these postings. It is a job of every trader to do his own analysis!
So today I am going to start with my daily-weekly gold forecast. Gold has been inching lower in the last weeks due to the strength in USD index. However we are now in an undervalued market by most technical measures (I have bollinger bands and rsi on the chart). At the same time the price has reached the area of previous lows (marked by the blue rectangle). This is a perfect condition for the bullish reversal to materialise, provided that there is no heavy bearish fundamental influence for gold the next week.
My own trade positioning would be: buy at 1185 USD/ounce with SL at 1175 USD/ounce and TP above 1200 USD/ounce.