Thursday, May 24, 2018

Gold Futures Pending Sell limit 1315.40 Stops around 1321

Trade Gold Futures Gold Futures has been rising quitely from the bottom but bears are still looking to attack 1250 area ahead of 1310 area which is a good location to short.

As you look at the chart there is strong Rally Base drop and if you look past history you probably will find clues of the distinct price location where price change direction several times and this time this is going to be strong enough to rally ahead of the weekend.
Stops should be tight and as adviced.
Sell limit around 1315.40
Stops around 1321
Target 1st recent lows around 1273
Target second 1253

Thursday, May 10, 2018

Usdcad pending sell around 1.2910 Technical Analysis

Forex Price Action Supply and demand Analysis Price has managed to breach the crucial demand level 1.2810. We can see retest with compression on h4 time frames,but I am somewhat sure that target is not yet reached.
We should watch & wait a retest of the level 1.2915.
Take a look at the chart of USD/CAD below.

So, Trade entry would go this way.
Usd/cad pending sell stop around 1.2915
Stops @ 1.2936
Target 1st 1.2710
Second 1.2630
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Update of the Trade on 17th May 2018
Trade closed all the orders around 1.2740
+170
Note :-Weekend trading are not preferred

Loonie Chart for the reference

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