EUR/USD approaches a key resistance / trend line

Pair reaching a Trend Line on a daily chart!

Oil H1

H1 Chart: Bigger Picture

Closer View

Oil headed towards its next target and a major resistance.

Oil clearly breaks the mid level resistance and the trend line, finding support at 93.92 and is eyeing the next target 103.50 as Fed's announce the QE plan.

Closer view:

Gold showed some strength after FOMC Economic Projections!

Technically its daily chart is showing a tweezer bottom in place. See daily chart!

GBP/USD H4

Neck line resistance + Past support and resistance! These current levels are also part of a large consolidation pattern which has its own support and resistance levels in-between  1.5547-55 and  1.5917-25 price targets!


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Chart of the week: USD/JPY

USD/JPY seems like the pair is looking forward to retest the support levels below 76.70 in the next trading week.

Scalp or Swing Trading?

Scalp or Swing....actually depends a lot upon individual life style, psychology, aptitude and edge. Its a whole different energy level/ game. Like a difference between playing Basketball and Chess.
Swing is my choice.You identify your edge and then execute without hesitation. If you miss a trade that you were anticipating ....... then "Patience" is the key. Move on to the next one when it appears; without any reservations!

Learn and adapt.