PistolPeteno1

PistolPeteno1

SL: 0.67644 TP: 0.66936 RR: 1:3 Entry: Now Cross on 4 hour 9 and 55 EMA Bearish Head and Shoulders Pattern Large Institutional Selling Wick In terms fundamentals IMF has cut Australia's growth forecast which should drive price down.

PistolPeteno1

Strong Buy Signal on weekly Stochastic. Shelley test net deemed a success and roll out expected end of this quarter. Target is key weekly level after hopefully successful Shelley implementation at the end of this quarter TP 0.0935 SL 0.0375

PistolPeteno1

Gold at critical Daily Support (in Red) after Testing it multiple times previously Daily Stochastic indicating sell signal Below Daily 9 and 21 EMA. Entry around 1496 to allow price to test the 21 and 9 Daily EMA. RR: 1:8 Entry: 1496.29 Sl: 1503.79 TP: 1435.60 (Weekly Support in black)

PistolPeteno1

Trend Clearly Bullish Above 55 Daily EMA Repeated test of weekly level in quick succession suggests a break is imminent. Clear bullish inverted Head and Shoulders pattern just below weekly level. Clear institutional buying as seen on chart. In terms of Fundamentals we have better than expected manufacturing data coming out of Germany last week (PMI Index)...

PistolPeteno1 Updated 

Below all 3 EMA's on hourly. Trend Downwards ON HOURLY Target key Daily Level Stochastic Showing Clear Sell Big Red Wick indicates institutional Selling SL 1.33008 TP 1.32465 Trade Active enter now.

PistolPeteno1 Updated 

Retest of Daily Trend line is occurring. Bearish Reverse Cup and Handle forming on 4 hour Chart. Wait for breakdown of Handle to enter Short or after stop hunt at key daily trend line level. TP 1.88 which is a key Daily level Target.