BULLISH FLAG? We can see how the market, want continue the bullish apetite, all week push up, and close friday with that beauty rally attacking 60$ psycological target. we need stay focus at possible deep retracements to take Long positions.
Well in my humble view the Australian dollar have a lot of Bullish potential , based in the Suport demand area arround 0.86605, like was support too in 2010, and in the start of 2014 we can make good long positions, if can hold this level.
15 August 2014 - Friday We have A Support Confluence Area of Ratios at 161,8% Golden Number, and 1,44% ,Before a Bearish rally of 520 Pips aprox, we ca expect some Correction of the previous Daily Leg Long positions with tight SL, and TP1: $1,6745(50 PIPS) from current price (1,6690) Good luck, and happy weekend.
The Gold still in a Tight Neutral Range, in my humble view .. the 38,2%($1306,33) can be the next Target for Short positions From $1317/19, the Break of this level can open the Door to the next Floor, and confirm the Bearish rally , We can see easy a Kind of Triple Top in 4H charts PLUS to think in possible shorts. Very interesting scenario for next days &...
We have a down trend channel, and DAILY SUPPORT 136.40/50, and UpCHANNEL 1H, Tp for long 161,8% were the ABCD may be completed to launch some Shorts. The breakOut of the uptrend in 1h can open the Breach to the 61,8%, ,50% Good luck !
Waiting for the 1,67 if th bearish presusre continue, need break the B Area of Support. the bounce in this level can be good for Long shoots. :) in MY Humble View.