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TRUMP STATEMENT
President of the United States (US) Donald Trump said he is ready to impose a round
of continued import tariffs on China if there were no progress negotiations at the G20
summit this June. This is Trump's statement the umpteenth time after the failure of
negotiations when the US raised China's import tariffs from 10% to 25% on May 10,
between the two days of the meeting of the two countries in Washington. Trump said
he hoped to meet President Xi Jinping at the June 28-29 summit in Osaka, Japan.
China has yet to confirm this meeting. The US Department of Commerce has asked
for public consultation regarding the planned tariff implementation since mid-May
so that it is expected that the tariff increase will be ready after the end of June. The
US has collected 25% import tariffs on US $ 250 billion in products from China.
Source: Astronacci
At this moment, US Dollar Index (DXY) is forming a bearish M pattern. The momentum is showing a
bullish continuation. It confirms that DXY will continue its upside movement to harmonic resistance
area before drop. The trend will likely sideways for a while.
SELL ON STRENGTH
TARGET PRICE: 1322.5
Source: Astronacci
Summary: GOLD (XAU/USD) is currently on a distribution phase, and has a chance to make a a complex
double top pattern. Your trading option should be sell on strength until reach the downside target with 100 pips
stop loss per trade. Find the entry at smaller time frame such as 30 minutes (M30).
Momentum: According to the chart, the momentum indicator is showing a bearish continuation. It confirms
that the downside will continue.
Pattern: Gold has a chance to make a complex double top pattern before continue the rally.
SELL ON STRENGTH
TARGET PRICE: 1.6213
Source: Astronacci
Summary: EURO AUSSIE (EUR/AUD) is currently has a chance to fall through an ascending broadening wedge
pattern. The price will fall until it meets next harmonic support area at arround 1.6213. Your trading option should
be sell on strength until reach the downside target with 80 pips stop loss per trade. Find the entry at smaller time
frame such as 30 minutes (M30)
Momentum: According to the chart, the momentum is showing a bearish continuation, that indicates the
upward movement is limited. The price will likely fall to the classic support area.
Pattern: EUR/AUD has a chance to form an ascending broadening wedge. This pattern will deliver EUR/AUD fall
to the next harmonic support area.
SELL ON STRENGTH
TARGET PRICE: 80.20
Source: Astronacci
Summary: Canadian Yen (CAD/JPY) has a chance to go downward through a bearish harmonic ab=cd
pattern. Your trading option should be sell on strength until reach the harmonic support as the downside target
with 100 pips stop loss per trade. Find the entry at smaller time frame such as 30 minutes (M30)
Momentum: H4 momentum is entering oversold area, it is indicates the downside will limited or sideways before
fall further to the next support.
Pattern:. CAD/JPY will likely going downward through bearish harmonic ab=cd pattern.
Price: The downside target for CAD/JPY will be at 80.20 which is a harmonic support area.
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investment instrument, to effect any transactions, or to conclude any legal act of any kind whatsoever.
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GLOSSARY
Trading Positions
• BUY Stop : Buy order above specified price.
• SELL Stop : Sell order below specified price
• Stop Loss BUY : Closing buy position with SELL stop order to prevent further losses.
• Stop Loss SELL : Closing sell position with buy stop order to prevent further losses.
• Break Even S/L : Stop Loss order with a point above buy price or below sell price.
• Take Profit : Closing position in a profitable condition.
Money Management
• Margin Call : A position that you need to top up your capital or auto cut will be executed.
• 30% budget : Buying with maximum limit 30% of slot.
• 50% budget : Buying with maximum limit 30% of slot.
• Leverage : Buying activity that is accompanied with the usage of margin facility served by brokerage firm.