Monday, December 17, 2018

Forex and Stock Trading Prep - Monday December 17th

DISCLAIMER: The information presented here is for informational purposes only. These are not trade recommendations. Please follow your own trading plan. Trading is extremely risky and you may experience substantial losses.

Here's some highlights from my regular review of the Forex and stock markets.  I do a review of all markets I follow each evening to help prepare for upcoming trades.

The stock market's been pretty volatile last little bit. Caution is the approach for now.

XAUUSD (Gold)

Haven't seen anything interesting in gold for a bit.  However, just noticed that:


  • Market has climbed back to the previous resistance area ~1249 from December 11th
  • Could be an area to see if a WTF pattern forms for a flip short
  • Alternatively a breakout retest would be ok as well


USDJPY

Must admit I've been neglecting this pair a bit.

  • The 112.20 - 112.40 zone was previous support
  • Let's see if trading opportunities come up in this zone


Nothing much else that is interesting.  It's heading into Christmas so the next few weeks likely quiet.

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