Weekly Bonus Technicals 23 January 2016

Weekly Bonus Analysis Video on SP500, USDJPY and GOLD ( 5 min  05 sec)

Hello everybody .. here’s our weekly bonus analysis …I'm Stef Breschi and and today is Saturday, the 23rd of January 2016.
Today we’re taking a look at 3 markets we have positions in which we would like to share… the SP500, the USDJPY pair and Gold.
We’ve tried to catch a bounce in the last couple of weeks and failed once but this week we could not ignore this daily pin bar at key 1835 support.
We went Long on a 50% retracement of the daily pin bar in the 1 hr chart at 1848. We were rewarded by nice upside continuation and are currently ca 57 points in profit.
Our main target is 1963, the 50 Fib retracement but the strong weekly bullish candle suggests we may see even further upside , so a secondary target would be 2000.
A similar story in this pair. We went Long after a daily pin bar at key 116.00 support expecting a bounce. We bought as the 1 hr chart showed price closing above the 40 ema. Also rewarded here with a nice unrealized profit of ca 155 pips.
Our main target is again the 50 Fib level which is around 120 significant level. There is minor resistance at 1870 but we think it will be easily broken.
We’ve been Long for a while and sweating this one a bit. We are Long at 1081.50. There is selling above 1100$ but we believe this market is making higher lows and is about to break out to the upside and stage a bit of a rally, so our targets are quite high, even if we expect the 50 Fib level to make the market pause if we do break out.
Thank you for watching and have a great week!

The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Users acknowledge and agree to the fact that, by its very nature, any investment in CFDs and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
Any recommendation, opinion or advice contained in such material reflects the views of TFF, and TFF expressly disclaims any responsibility for any decisions or for the suitability of any security or transaction based on it. Specifically, any decisions you may make to buy, sell or hold a security based on such research will be entirely your own and not in any way deemed to be endorsed or influenced by or attributed to TFF.
Past performance should not be seen as an indication of future performance. Market and exchange rate movements may cause the value of your investment to rise or fall and an investor may not get back the amount invested.
Investors considering opening a self-trading account should limit their exposure to maximum 10% of their investment capital.
Investments are not obligations of, deposits in, insured or guaranteed by TFF.