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Dailyoutlook

GBP/AUD, DAY CHART, LONG (18-DEC-2016)Note: GBP/AUD follows our prediction last week. We remain bullish on this pair. There are 3 trading plans for this pair: 1. Zoom into H4 chart, there is an immediate resistance line at 1.715x level, wait for price correction or pullback to 20-EMA and bullish signal to long 2. Wait the price pullback to support zone and bullish signal to long 3. If the price breaks the immediate resistance line at 1.715x, wait for weak pullback to the resistance line and bullish signal to long!
Long
by YongLiang
WTI CRUDE OIL, DAY CHART, LONG (11-DEC-2016)Crude Oil is trying its 2nd attempt to break the resistance zone. There are 3 possibilities here: 1. If it break the resistance zone, wait for PB to the resistance zone and a bullish signal to long. 2. Eventually, it might form consolidation near the resistance zone. If breakout, can directly long 3. If there are 2-3 "2 BARS REVERSAL" to trigger the BEARISH movement, we will change our view to short! A Risk to Reward of 1:3 for this trade :) Fundamentally, the crude oil price rally is due to the oil production cut by OPEC and potential cut from Russia and NON-OPEC Countries. The production cut might not able to reduce the current global stockpile significantly. It might be the reason to hold the crude oil price trading in the range!
TVC:USOILLong
by YongLiang
EUR/GBP POTENTIAL LONG? Entry@0.83997 Stop@0.83283 Target@0.8537A little bit late to the party as price has already pushed up passed my desired entry. However for me to still consider this a trade to take, price would have to retrace back down slightly to a more favoured entry to benefit my risk to reward ratio. In addition, if I were to enter toady it would likely be on one of the lower time frames, but if I were to enter on the daily chart then I would have to wait until tomorrow to ensure that buyers are in control of price (price opens higher than today's close).
Long
by Clarity_FX
Long term outlook in the AUDUSD - Daily Chart The price in the AUDUSD is inside a triangle pattern, and whatever be the direction that the price is going to go, the oportunity to trade this pair is huge because the position where the price is. For the risky traders, to buy this pair it's recommended to wait until the price get close to the A-C line, just below the 144 EMA. But, you have to be cautious in case that the price break out that line in the bearish direction to change your strategy to the sell side. The other way in where you could buy this pair is waiting until the price break out the triangle in the B-D line.
by SerialTrader
NZDUSD Daily Outlook + TCT+ Bat PatternNZDUSD has been in a downtrend on the Daily chart for a very long time. We may be in the middle of another retracement giving us a great opportunity short into strength. This will be a Huge trade and would require a 350 Pip Stoploss. But the Reward is over 1,200 Pips. This is an excellent opportunity for a Position Trader as it will take months to play out. I have made a "Kill Zone" using a variety of technical patterns. 1. We have a Bat Pattern completion @ .7565 2. ABCD Pattern (just barely makes into my kill zone) completion @ .7414 along with the 78.6% Fib Retrace 3. 1.618% Ext - Pulled from lows to B leg of Bat Pattern. It has a nice confluence with the Bat Pattern This will be a HIGH CTS (Combined Technical Score) trade IF market will push back up there. Best of Luck!
Short
by PateSkpate
Gold inching higher. Daily close above 1248.55 could be keyAfter briefly testing sub 1200 levels last week, Gold quickly reversed its losses after Friday's NFP report. Monday/Tuesday was relatively flat but today's price action showing some early gains. Above 1248.55, 1260 remains the next key level to target. But a pullback/correction is missing To the downside, 1230 - 1220 levels could act as support. Forming a third consecutive low here (after 1199.55 and 1206.88) could signal a near term strength to the upside.
FX:XAUUSD
by justatrader
EURUSD formed an inside bar - Breakout in the making?After rallying strong on last Friday's NFP print, EURUSD has remained flat on Monday/Tuesday, forming an inside bar at the top end of the rally. A breakout is therefore likely to set the direction in the near term. To the upside , 1.140 is the key level to watch, a break higher could extend gains above 1.140 but keep prices range bound below 1.15. To the downside , 1.130 is the key level to watch out for which could see EURUSD slide towards 1.120 and to 1.10. For you Fib fans, 1.1418 remains the 61.8% retracement level of the previous decline from 03/05 highs of 1.16163 and 30/05 lows of 1.10978.
by justatrader
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