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AUDNZD - BUYAUDNZD has been in an upward trend for months. Now that it has broken the recent high, there are reasons to believe it will continue its trend and retesting the support zone it currently approaches. Using the Fibonacci tool it was determined that the support structure lines up well with key levels on the Fib tool. This also indicates that the support is a good level from which the start the continued move to the upside. If you agree or disagree please share your opinion with me in the comments. Also, please follow for more ideas, Thanks!
Long
by EightSevenSixPips
Isaiah 60:22what's good traders!! i've not been publishing ideas for time now and the past week or two i have not been as active as i meant to be but it was just a phase where i needed to take a step back and do some introspection and draw closer to God. God really has big things in store for every single one of us i mean literally everyone even the non believers. My message is basically that lets keep pushing and keep doing all these habits that will move us closer to our goals and then God at His perfect timing will bless our trading careers. God bless you all! :)
FX:NAS100
by K0KETSO
GBP/AUD falling with strong downside momentum...The last time we broke down GBP/AUD was when it was trending north on the daily. Since then we have taken a huge plummet driving the trends down and prices back below 1.8000. 1.7500 looks like a comfortable 100+ pip landing spot with more potential for heavy downside movements. As of right now there is very little upside opportunity and we would advise traders not to try and pick a bottom. We will provide an update over the coming weeks to see how this pair plays out.
Short
by FTUKcom
$VDE Energy Sector Profit Taking/Profit Protection TimeAs the energy sector is heating up, it could be time to start locking in profits or raising stops to protect profits earned from the recent run up Energy more then likely will continue the overall uptrend in the long term as it works it way back towards its 2008 highs however from the recent short term high as the sector has run into a major resistance area over the past few years and increasing by nearly 40%+ since the start of the year to run into this area, it could just as easily pull back a big part of this move before it could be ready for the next leg higher
AMEX:VDE
by Tradingexperts24