Tag Archives: trendline

Buy Copper After reaching our previous profit this pullback up to the trendline happend. Now it is time for the last upward move before we may see a big break of this uptrend and great downward potential. TP: 2.713 SL: 2.597

Sell US Dollar – Japanese Yen TP: 107.00 SL: 110.25

Buy Gold TP: 1550 SL: 1470

Sell Euro – Japanese Yen A little later posted than suposed to, but not to late! We are now in a small retracement which could go back up to the trendline so another change for a great entry. We are currently in a downtrend for allmost two years on this pair, the trendline holds good in all this time. Now we touched the trendline again, so a good opportunity to sell at this point. I think the downside of this downtrend is allmost in sight. The target may also be the long waited lowest low before we go up again up to 125 at least. But first: TP: 115.0 SL: 121.5

Sell Euro – Great British Pound The curved trendlin seems to be followed for a longer period now. We are also moving in a downtrend tube. We have hit the upside of this tube for the fourth time and we can see a downward movement everytime we hit the upside of the tube. I think we are going to follow the curved trendline and hit the bottom of the trendtube first. That is why my target is set all the way down. TP: 0.84 SL: 0.917

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