Ok, actually was a killer-Friday, what it tells is that noone got a crystal ball.
Just watch the zones and wait for the price to hit it to BUY SELL. Simple.
Update for new week: Outlook - GBP USD lower, EUR USD lower, USD CHF higher, XAU spot GOLD lower. Outlook remains bearish for majors.
XAU SPOT GOLD SELL ZONE 1 684-695
SELL ZONE 2 669-672
SL 683
TP 637. SZ1 unlikely, wait for price to settle, short upon SZ2. Build up shorts and wait for reversal at 634-640 levels.
Two BUY ZONES:
wait for price to hold at lower 637 levels and rebound before going LONG.
EUR USD SELL ZONE 1 3645-3735
SL 3660
TP 150 pips
SELL ZONE 2 3530-3560
TP 150 pips - you might wait for SZ1 then you can add to the position.
BUY ZONES
GBP USD SELL ZONE 1 9940-9980
SL 2080
TP 400 pips
BUY ZONES
USD CHF BUY ZONES - look to buy this week great potential on this item, upside capped with 2680
BZ1
| 1991 |
|
| 2073 |
|
BZ2
|
|
| 2155 |
|
2181
look to buy slightly over 2160 SL 40 pips TP 200 pips
|
|
SELL ZONES
SZ1
| 2396 |
2421
|
SZ2 - best zone for shorts
|
| 2503 |
2585
SL 40 pips TP 100 pips
|
Ok, I will brush the trading setups format this weeked, and starting next weekend I will post all the BUY / SELL zones with my comments at my blog, all the commentary and zones are free of charge. Have an excellent trading week everyone!