rufffen XAU spot gold and majors trades

[rufffen]

WEEKLY ZONE

CURRENCY	EUR/USD	GBP/USD	USD/JPY	GOLD	DJI	EUR/CAD	EUR/JPY	GBP/JPY	ACTION
SUP ZONE2
A1	1.5192	1.9811	99.17	814	11769	1.5112	151.98	189.89	BUY1
A	1.5336	1.9855	99.73	841	11970	1.5348	153.89	193.06
SUP ZONE1
B1	1.5481	1.9899	100.30	867	12170	1.5583	155.80	196.24	BUY2
B	1.5525	1.9912	100.47	875	12232	1.5656	156.39	197.22
RES ZONE1
D	1.5903	2.0026	101.95	943	12756	1.6272	161.39	205.54	SELL2
D1	1.5948	2.0039	102.13	951	12817	1.6344	161.98	206.53
RES ZONE2
E	1.6092	2.0083	102.69	978	13018	1.6580	163.89	209.70	SELL1
E1	1.6237	2.0127	103.26	1004	13218	1.6815	165.80	212.88

[rufffen]

GBP JPY TRADING IDEA (REFER TO THE CHART)

Here's my favourite scenario for the next week, initial targets lie ahead at 206 and subsequently at 208. Balance zone is 201.30-50, as long as price action at the start of the week remains above you can start buidling a LONG position.

LONG at market open (if above balance zone)
SL 201.00-201.30
TP1 204 TP2 206

This scenario will confirm further downside on EUR USD GBP USD.

[rufffen]

GBP USD comments and trade setup

Ok, here's the chart, balance zone is 9960-9980, we take action, if
upon market open price action remains below it (currently at 9930)

actually there is no good R/R trade setup for the next week, I stay aside.

.... on another note, see another 4 hour GBP USD 4 hour chart. Clearly, a triangle setup, TP is 9480-9540 enter this trade on break below 9750-9790 area. SL at previous high. This is a nice R/R trade!

[rufffen]

Here's a DJI 4 hour update (previously posted weekly chart)

Balance point this week is 12494, as long as DJI floats above it, expect further gains towards TP area, however, first will have to break 12757-12818.

[rufffen]

quick trades update:

GBP JPY TP1 reached +150 pips TP2 pending
EUR USD so far + 88 pips so far (5661 trading now) TP1 pending

[rufffen]

gbp usd update on post #72 + #77

Taking profits now (9876) +120 pips TP 9780 pending

Trade 2 - refer to setup posted in #83 still pending TP is 9480-9540

[rufffen]

EUR CAD possible trade setup
WEEKLY CHART

This is a good R/R trade, lets watch the weekly balance point, which is 5964 this week. Also 6005 is 50% of last week's price candle, so we definately want price action to remain below 6005 to even consider SHORT setups.

Idea is quite simple really. On the chart there's a white line, which is a major support/resistance line from the past. What we are looking for now is to establish price action below the line, which in turn will confirm price reversal and will confirm the line acting as a resistance line now and mid-term.

TP targets on SHORT are TP1 5700 and TP2 5000, however I will enter shorts only (and if) price retraces a little towards weekly balance point (5964). Currently trading at 5886.

[rufffen]

GBP JPY daytrade

Since this pair dropped almost 200 pips from the recent top, Im looking to re-buy it at 202.20-202.60 (curr at 202.54), SL previous low +20 (202.00) TP 203.80 (looking to gain 150 pips on that one).