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The previous down gap was filled and yesterday bearish engulfing paved the way for much lower low. Sit tight with short and move stop down to 1.3910 to minimize risk. We are afraid that a disastrous down flush is around the corner.
GBP/USD
GBP flushed down as expected. Our stop sell order was triggered. Sit tight with short with stop at 1.5870.
AUD/USD
Chart turned very very bearish. Taking out previous lower extreme tail at 1.0035 will drifted down to last month's low at 0.9930 in no time. The present situation is worst than last month's as aud now dipped inside weekly kumo. Sit tight with short with stop at 1.0340.
USD/JPY
Our long position was stopped out. Our stop sell suggestion will still be valid.
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GBP/JPY
Market dipped to our projected low after 120 psychological level was taken out. Sit tight with short, move stop profit down to 120.30 to protect profit.
EUR/JPY
Luck is really on our side. Our selling suggestion was hit right on at 105.30. Sit tight with short with stop at 106.10.
Gold
We missed the bear train by only 10 cents. Dipped and closed inside daily kumo will target for daily kumo lower band at 1686. Sell on rally is the only choice.
More Exclusive Reporting on Prosticks and Ichimoku Charting are available on IBTRADE.
Forex research by ForexTV.com
