AI
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| Alias Born | 10/29/2007 |
Thursday, November 24, 2016 7:22:12 AM
Happy Thanksgiving Gang!
Finally taking a break from helping my brother-in-law at the store non-stop. I plan on doing nothing today except for a heroic effort to eat myself into a coma...LOL!
A few thoughts on some longer term trades I'm working right now...EU and UJ charts below.
Hope everyone is doing well...probably will be around Christmas before I get another break. Take care out there and get dem pips!
EU...standard elliott wave contracting triangle, filled with a total of 5 waves consisting of 3 waves each. It's set to move back up now to at least the 1.13 level from here. My current TP is set for a conservative 1.1270 on the long position.
Weekly chart...
UJ finally tagged a key resistance level inside a very narrow channel on the way up. Could still see some fluctuation in this area but the EU chart, which is currently moving exactly opposite UJ, suggests that UJ is topping here. Shorts are the play for now, with TP target at 107, with price likely to move down to fill the gap at 106.633.
UJ weekly and 4 hour charts...
Finally taking a break from helping my brother-in-law at the store non-stop. I plan on doing nothing today except for a heroic effort to eat myself into a coma...LOL!
A few thoughts on some longer term trades I'm working right now...EU and UJ charts below.
Hope everyone is doing well...probably will be around Christmas before I get another break. Take care out there and get dem pips!
EU...standard elliott wave contracting triangle, filled with a total of 5 waves consisting of 3 waves each. It's set to move back up now to at least the 1.13 level from here. My current TP is set for a conservative 1.1270 on the long position.
Weekly chart...
UJ finally tagged a key resistance level inside a very narrow channel on the way up. Could still see some fluctuation in this area but the EU chart, which is currently moving exactly opposite UJ, suggests that UJ is topping here. Shorts are the play for now, with TP target at 107, with price likely to move down to fill the gap at 106.633.
UJ weekly and 4 hour charts...
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