rufffen XAU spot gold and majors trades

[rufffen]

GBP JPY trading setup / EUR JPY

long then short / eur jpy will follow / for trading purposes you can
BUY LONG at market open with SL 40 and TP at 202.20-40 and then reverse

NET SHORT SL previous high TP 197.10 / break below 196.80 TP2 is 195.40.

details please see the chart.

[rufffen]

GBP JPY update.

Move TP to 201.60-80 SL to BE.

GBP USD EUR USD update

Today we should print a high on both items and then reverse for the lows.

Best idea is to wait for a new setup to go long on an established LOW, however, if you feel like trading a more risky setup you might wait for GBP USD EUR USD to establish a HIGH (GBP USD for instance a high this week is in making).


HIGHER RISK/REWARD trade
If 9890-9920 area holds on GBP USD look to go short with SL +40 TP 200 / EUR USD 5890-5920 hold, SHORT with SL 40 TP 200.

[rufffen]

GBP USD #122 update

TP hit on SHORT +200 pips per one lot - now wait for a LONG setup

EUR USD - move SL to BE currently +50 pips TP pending

GBP JPY update

SL got hit at BE (0 pips) - very unfortunate!

[rufffen]

GBP JPY new trade setup

SHORT break below 198.00-20 SL 20 pips TP1 100 pips TP2 200 pips

[rufffen]

GBP USD update

prepare to go long 9580-9620 area SL 60 TP 1 250 TP2 500 TP3 1000 pips.

[MidnightRun]

Ruffen,
Does your analysis still indicate that spot gold is going down to 902 area, and EUR/USD somewhere to 1.56-1.57?
Thanks

[rufffen]

forgot to close the thread, Midnight, please, if you have a question, feel free to PM me.

Im buying spot gold and EUR USD / IF it enters the zones for LONG setups.

I can't be 100% certain that it will. Usually, GBP USD and EUR USD have correlation, however recently this seems not to be the case, so just watch this space, and prepare to go LONG on both items.

[rufffen]

Here's another reason to go LONG on GBP USD.