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Jason

XAUUSD bounce then shortXAUUSD: Gold is always popular, as its name and meaning. December is coming, FOMC is gonna make a bold and surprising action. That's why gold has been falling inrecent days. Anyway, what we need to do is only "follow". Obviously news last night hit gold again, and I dont think now is a good time to follow. Better wait until bounce up to 1206-11 again (if possible) AND SMAs still pointing down. Then it's definitely a good opportunity for short. ps: 1172 and 1182 is two close suport.
FX:XAUUSDShort
by JasonSong
GBPUSD: The Week Ahead (Day 2)If you're new to following me, yesterday I decided to dedicate an entire week to keeping you guys updated on a single pair. Below is a link to the Day 1 chart if you missed it or just need a recap on what I was looking at. The cable was very bullish yesterday an nearly pushed up to our projected bat pattern completion. Since then we've retraced and are setting up another potential drive to that level. With all of the heavy news out of the way today and the markets waiting on tomorrows GBP news and the USDs FOMC statement, I'm not expecting too much movement so I'll mainly be looking intraday for my trading opportunities. Here on the hourly there are two places that i'm looking to get involved on GBPUSD. The first would be a structure play at the retest of the potential Gartley patterns "B" leg and the other would be the potential Gartley which would complete down at 1.5517s. Jason Stapleton just informed our Syndicate members that he got short this pair around the 1.56 even handle as well. My guess is a structure play as we've just tested a previous level, but I won't know for sure about his thought process on this trade until our War Room meeting at 8:30am NY. The response was GREAT yesterday and it seems as if you guys are very excited about me trying this "1 Pair A Week" thing out. So I'll keep this going and if it continues to work well maybe it'll be a regular occasion. See you guys in the Live Room! Also if you're interested in seeing where I go to get my fundamental data from, i wrote a blog post last night sharing mu top 3 sources: tradeempowered.com Akil Stokes Chief Currency Analyst at www.TradeEmpowered.com [email protected] Check out my FREE weekly trading videos www.youtube.com
Long
by Akil_Stokes
11
NZD/JPY Prepare for 1000 pips +We already got major trend change for NZD/JPY but we are only waiting for good entry!! We may not reach previous structure for entry but we will have to entry earlier after breakdown of retracment up to EMA 36. Using heikin ashi candles helps us that so after breakdown of retracment i will short it defnitely. Resons for trend change are already written on the chart : 1. We have got valid double top 2. Later existing support hold price and made extreme structure which now reacts as a resistance 3. After that we have got LH (lower high) which signals us trend weakning 4. And after that we have got straight breakdown of EMA 200 + that major structure + trendline even before 5. We are getting LL at this moment (Lower low) Our stop loss is little above the structure but anyway we have rules to exit trades after breaking structure differently which save us a lot of pips (manual exits if trade goes wrong with rules ofcourse) Target will be major PRZ down there at 75.000. Remember to split your trade in at least 2 or 3 positions so you can close it at minor PRZs and EMA 633 exit. How to trail it? I personaly like trailing it above EMA 36 which is very good by the results. If you want to be more agressive, trail it above EMA 12 or even above retracments. We expect around 1500 pips + with several positions or even more. Best regards
Short
by AcademyInvestment
15