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LIGHT.CMD/USD | FURTHER RISE ON THE CHARTS

killer195175 Posted 13 Nov. as Analysis on LIGHT.CMD/USD, Target: 61.50, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Trendline #Rise #Rising Channel #Light CMD/USD
Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
LIGHT.CMD/USD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is headed north.
From the weekly chart, it looks like there is more potential to the upside.
LIGHT.CMD/USD Daily Chart
  • The MACD on the Daily chart is positive but about to turn back down.

  • The RSI is overbought and headed South.
From the facts above we can deduce that LIGHT.CMD/USD will correct in…
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3 Comments
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killer195175 9 Dec.

UPDATE-1
The pair has ended the week at 57.29. The MACD and RSI are looking good. The pair will go higher in the coming days and we will be able to achieve our target at 61.50.

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killer195175 15 Dec.

UPDATE-2
The pair has ended the week at 57.29. Now it is trading at 57.28. The pair is consolidating. I expect some good buying when the price hits or get near to the rising trendline. This event may take place next week.

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killer195175 24 Dec.

UPDATE-3
The price action in this pair has been very promising so far but the pair has failed to break the falling trendline as we predicted for the break of the line. If it breaks the line next week then we may find our target of 61.50. Otherwise it may fall further to 57.00 levels.

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12 DEC 16 | NZDUSD | BUY SETUP

killer195175 Posted 11 Dec.  in #Trader's blog #Buy #Nzdusd #Rising Channel
Hello fellow traders,
NZDUSD is in the downtrend on the weekly chart and in the uptrend on daily chart and we can buy it for short term.
WEEKLY CHART NZDUSD
DAILY CHART NZDUSD
4H CHART NZDUSD
Look for the buy signal in 4H chart and buy with stop loss below rising trendline and take profit near horizontal line.Any suggestions about the setup are welcome
Happy Trading to all.
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