This was the week that will be remembered in the history books for that Trump conference, where the president elect stuck it to the world’s “fake news” media and the establishment. Not only was it highly entertaining, but it also created a lot of volatility, which after all is what us traders live for! So…
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AUD/USD higher timeframe view for the week of 11/12/16 I’m still watching for a further stop-run and a short at the 4 hour supply zone (if we should get there). A more conservative entry would be to wait for the market to dip back below the red stop line. Alternatively look for a lower timeframe…
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On Friday, gold made a very fast move down into 4 hour demand and bounced a few points. These fast moves or liquidity gaps often get retraced. We could test deeper into demand at around 1213, but I’m looking for a bounce to at least first supply between 1253-1264. I have some further supply zones above that…
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As predicted in this analysis from October 31st 2016, the euro reversed off strong daily supply and is now 100 pips in profit from our zone. The daily chart below shows roadbumps (R) where we could see small bounces, and I would suggest taking at least some profit at these levels. The ultimate target still remains…
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Gold Analysis Week Beginning 6th November 2016 You may remember my tweet of the 18th October (below) where I said Gold had a lot further upside to go. Well we are now 45 points higher on the yellow metal and I still think it has further to go. With the US elections this…
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EURUSD Intraday longs and swing shorts EURUSD bounced off the demand roadbump as predicted last week. The current level of supply looks weak, and there is a good chance it will be breached to take out stops above. With that in mind, I will be looking for intraday longs up to higher stronger supply and…
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Dax – A few demand zones on the hourly chart We are still between daily demand and supply as indicated by the red and green zones. Supply is getting weaker with every test and I expect an eventual break to the upside. With that in mind, I’m looking to buy off demand. The chart…
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EURUSD analysis for the week beginning 24th October As I tweeted last week, the EURUSD daily demand zone was looking incredibly weak with any attempt at a rally being sold off. Eventually demand was eroded and price made it’s way to the “roadbump” and started to bounce late Friday evening- again this was tweeted well in advance…
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DAX analysis for the week beginning 24th October As tweeted last week, daily supply is weakening and looking increasingly likely to break to the upside. The bounce off daily demand was coupled with a “spike double bottom”. Since then, the market has formed a broad rounded bottom and based on these factors we could see new…
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