-Nice triple moving average crossovers. -Up trending. -Test previous level resistance become support. -Fundamentally weak for Aussie Dollar / Philips Lowe's dovish attitude. Two (2) TP levels as seen in the chart above. Trade at your own risk.
With pound has so many news coming this week, seeing this pair I am bias to sell the weak sterling ahead of it's second Brexit's news. TP 1 = 1.9375 TP 2 = 1.9300 TP 3 = 1.9100
Still sideway on gold. Just took a buy on the middle BB H4. First target = 1302.54 Second target = 1308.10 Third Target = 1318.85
Took a long position when price was at the low Bollinger Band H4. Stochastic and RSI were also oversold. A tight constrict Bollinger Band means price could easily move to the top Bollinger Band on this timeframe. If price breaks and close above the top Bollinger Band, lock your profits or take some of your profits at 1.3048. Our second target will be at 1.3150....
Price bounced from low Bollinger Band with Stochastic and RSI showing an overbought. Next destination should be to top Bollinger Band on this H4 time frame since Bollinger Bands are constricting which means there will be a high volatility coming soon. I am quite certain a break on the top Bollinger Band means we could lock our profit or take our first profit...
Seeing a pullback upwards after going south since the 20th April 2018 with my understanding on BBMA strategy which I am just about getting use to it in a while. The Stochastic and RSI indicates an overbought but I am sticking with a slight pullback going upwards to 1.7775 on the 2.168 Fibonacci Retracement on the 240min chart. Just be careful as I am a...