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Luv Sharma On GBP/JPY Trade Plan (9 hours ago): Pattern has failed. Setup is no longer valid.- StockStream Forex On GBP/JPY Trade Plan (22 hours ago): A break below 148.50 should cause the pair o move lower towards the 147...
- StockStream Forex On Short GBP/USD (yesterday): Cosing second lot at 1.5615. Profits=100 pips.
- StockStream Forex On Short GBP/USD (yesterday): First targets achieved. Profits = 115 pips. Move stops to breakeven on second...
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Short Gold
Gold (XAU/USD) seems to have found resistance at the confluence of the daily trend line and horizontal resistance in the 1700 region. The pair seems to have broken below the ascending channel that had guided it higher from the 1625 lows....
Short USD/JPY
USD/JPY daily chart is showing a divergence and the RSI is about to cross over below the 70 mark. This would provide the first indication of an intermediate top. The short term charts have also reversed from the 90.25 mark and are finding resistance...
Trade Plan for Gold, EUR/GBP and USD/SGD
The FX markets saw some wild swings this week in the JPY and USD pairs. Although USD ended the week lower against most pairs there are early indications given by some pairs that it may be close to bottoming out. The most clear example is GBP/USD...
Looking to Sell EUR/GBP
By StockStream Forex 153 days agoCategories: Forex
EUR/GBP is coming up against formidable resistance in the 0.84-0.8420 region. We will be looking for signs of reversal at this level to establish short positions with targets 0.932 and 0.9220. Will post updates once the trade is...
Long US Oil
US Oil has broken above its multi month wedge pattern and is currently retesting the broken wedge top. We are long from 93.40 with stops below 92 and targets of 98 and 100. Good luck trading.
Short GBP/JPY
Comments out of Japan that the YEN has reached fundamentally justified levels sparked strength in JPY. This along with overbought levels should cause a deeper correction. Amongst the Yen pairs GBP/JPY seems to be setting up a head and shoulder...
Long GBP/USD
This pair seems to have found support at the 78.6% retracement of the recent rise (1.6030). The RSI is also bouncing after a test of the 40 mark. The idea to long this pair was also mentioned in the weekly trade plan (refer:...
Trade Plan for EUR/USD, GBP/USD and US Oil
By StockStream News 157 days agoCategories: Forex
Last week was an eventful week especially for the EURO which saw some decisive breaks following positive comments from the ECB. We expect rally in Euro pairs to continue and will be looking to add to long positions on pullbacks. A rally...
Looking to Short AUD/CHF
Put a short order at 0.9715, Stop Loss .9790 and Profit target 0.9575. Pair bounced back from Daily 200 SMA with Bearish Engulfing. Stochastic Crossed over Entry at 38% Pull Back.