How to trade forex in india legally
Date: 2017-05-13 00:47
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The S& P555 moved higher last week as price broke higher on Friday, in-line with the overall uptrend. Traders can watch for buying opportunities on any weakness this week. The market needs to rotate lower soon and there 8767 s a big chance the gap up from a couple week 8767 s ago will fill. We see that gap as near-term support at 7899 7855 and long-term key support is at 7879 and we are watching those areas to buy this week, in-line with the uptrend.
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The AUDUSD has rotated down to key support near in recent weeks and is sitting right above that level. We see this support as the 8766 line in the sand 8767 for bulls and if price closes below here we see an increased chance of a larger sell-off. However, if price can hold above this level we could see price push higher again. Let 8767 s wait and see what develops at this key level this week and be sure to check our members 8767 trade setups commentary for updates on the AUDUSD as the price action develops.
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Gold is remaining buoyant and is still in the midst of a solid uptrend that has been in place for months. As we have discussed in all our recent commentaries , we are looking to be buyers of Gold on any pull backs to support / value areas, in order to trade in-line with the uptrend. This week, traders can watch support zone as a potential buy-area should price rotate lower.
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The strong uptrend in Gold continued last week as price broke up past resistance near . We are still looking to buy this market as we have been for months now and as we recently discussed in our April 66th commentary. Traders can watch for weakness early this week to get long. Look for a pull back to support at down to area to get long on a 6 hour, 9 hour or daily chart buy signal to trade in-line with the uptrend from value / support.
I 8767 m happy with my modest progress so far. I 8767 m further down the path than I believed I 8767 d get to. Another of Martin 8767 s secrets is managing our emotions, this would 8766 cut me off at the legs 8767 every time I took a trade I would became 8766 chicken brains 8767 , despite considerable effort into analysis leading up to the trade,). I cannot recommend Martin Cole highly enough!