FX strategy Dec 26 2016

Forex Stategy on Dec 26, 2016

GBPUSD:

We seek to short Pond at 1.2350 area for the pull back. If breaks, then the strategy doesn’t work.gbpusd_dec26_2016

AUDUSD:

Let’s short Aussie at around 0.7255 area till 0.70525, which is the AB=CD completion point.

audusd_dec26_2016

USDJPY:

We seek to long USDJPY at the yellow box and the target is 121.60.

usdjpy_dec26_2016

EURUSD:

Let’s short euro at 1.0525 area if it can’t break the line there.

eurusd_dec26_2016

Gold:

We might seek to short gold at 1142 area and we don’t see any indicator to buy gold yet.

gold_dec26_2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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3 thoughts on “FX strategy Dec 26 2016”

  1. Previous trade on gold, we short from 1143 till 1136 area. Today, we re-entered the trade at around 1142 and till 1137. Now let’s watch the gold, if it can’t break 1150 area, then we can still short gold.

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