GOLD, Buy after the pullback!I will look for an accurate Buy entry after the pullback to the Support/Resistance Zone.
Reasons:
- the price is above the Support/Resistance Zone;
- the trend is bullish;
- potential profit will be in 3...5 times bigger than the risk.
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CFD
XAGUSD | Fake BreakoutPlease support this idea with LIKE if you find it useful.
Reason for a Short Position: Price made a breakout of the Channel, but was rejected by R1. That signal's the price won't fix above resistance level.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
DJI - Wall Street - melt up or melt down coming - your choice. Central banks around the world are coordinating in a last stand to prevent global meltdown. So - they're about to decide massive liquidity injections into 'their economies'. China, the USA, Singapore are already on board. Expect Germany to follow cuz the German economy is on the brink of a recession.
What this could mean is a number of things:
1. The punters love it - and blow the markets north like nobody's business.
2. The punters reject it - and bail out with cash in hand which they'll pump into Gold (a better investment at this time).
3. Or - heavy volatility in coming days in a massive bear-bull fight, before the markets make a final decision.
All of this stuff has been triggered by an itty bitty virus that disrespects everybody. The world is now waking up to how central China is to global supply chains of commodities, manufactured parts, goods and services.
No predictions from me - as I have no working crystal ball.
Disclaimers & Declarations : This is not financial advice or encouragement to trade in securities. If you act on anything said here and lose your money, kindly sue yourself!
USOIL LONG TRADE USOIL broke major downtrendline
Bullish wave (A) ended at level 52.00
then corrective bearish wave (B) occurred
Price rejected after from moving average 100 and key level at 50.55
Price is above HVN at level 50.79 which indicates that usoil is in accumulation phase and preparing for coming explosion
MACD shows weakness in bearish momentum
RSI is above level 50
It's expected for price going up towards level 53.20 forming bullish wave (C)
GOLD SHORT TRADEStrong bearish wave (A) ended at level 1547.40 after breaking uptrendline
then price pullback for retesting broken uptrendline forming corrective bullish wave (B)
Price is rejected from 61.8% Fibonacci level of preceding bearish wave at level 1576.50
Price is below Moving Average 100
It's expected for coming bearish wave (c) to target level 1527.25
XAUUSD | Lost Ichi Cloud Support (Risky Setup)Please support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 1564.345
TP1 - 1552.057
TP2 - 1547.871
TP3 - 1542.740
TP4 - 1535.988
SL - 1568.396
Reason: Price lost Ichi cloud support and Pivot Point. However we still have a strong potential support zone around 61.8% and position should be initiated on a breakout.
-Please consider entering only on confirmed breakout.
-Also it's a risky trade for Gold.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
USOIL | Breakout of the ChannelPlease support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 49.56
TP1 - 44.95
TP2 - 41.24
TP3 - 36.18
TP4 - 29.43
SL - 51.02
Reason: Price has broken Channel's support level.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
XAUUSD | New Upward WavePlease support this idea with LIKE if you find it useful.
Initiate Long.
Entry - 1575.673
TP1 - 1600.312
TP2 - 1628.471
TP3 - 1667.189
SL - 1567.753 (Please consider your stop-loss putting lower)
Reason: Previously I posted an idea where price forming falling wedge and then bullish flag, now we have the same combination. The bullish flag might ended its forming and now the price is breaking the Pivot Poing, which can push the price to upward.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
GOLD is close to the Support/Resistance Zone!We can open Sell under the Support/Resistance Zone.
Reasons:
- Support/Resistance Zone is near 1570.00;
- the price bounced from the zone 2 times before broke it;
- potential profit will be 3 times bigger than the risk.
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DAX SHORT TRADEDAX rejected from resistance zone at level 13612
RSI reached overbought region on H4 frame
It's expected for strong bearish movement to target demand zone at level 12925
XAGUSD | Descending Broadening WedgePlease support this idea with LIKE if you find it useful.
Initiate Long.
Entry - 17.73992
TP1 - 18.08872
TP2 - 18.46027
TP3 - 18.68017
TP4 - 19.12755
TP5 - 19.37019
TP6 - 19.59009
SL - 17.62618 (consider putting your stop-loss below Ichi Cloud support zone)
Reason: Descending Broadening Wedge pattern. Price was supported by Ichi Cloud.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
GOLD SHORT TRADEStrong bearish wave (A) occurred until level 1550.65
then price pullback forming corrective bullish wave (B) which ended at level 1592
Price now is in bearish wave (C)
Price broke key level at 1563.25
Below Moving Average 100
It's expected for strong bearish movement to target HVN at level 1476
XAUUSD | Strong Support ZonePlease support this idea with LIKE if you find it useful.
Initiate Long.
Entry - 1573.556
TP1 - 1590.282
TP2 - 1599.138
TP3 - 1608.190
SL - 1568.636
Reason: The price on a Strong Support node - S1, Ascending Channel's Support trendling, Ichi Cloud support zone.
-Please consider entering a position on a confirmed retracement.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
XAUUSD | Cup & HandlePlease support this idea with LIKE if you find it useful.
Initiate Long.
Entry - 1592.023
TP1 - 1609.079
TP2 - 1615.786
TP3 - 1623.634
SL - 1587.424
Reason: R1 was Broken. Price formed Cup & Handle.
-If you are a conservative trader, please consider entering a position after horizontal resistance is beaten.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
GOLD, Short term Buy...Before the price will touch its Resistance Level 1611.34 we can open short term Buy.
Reasons:
- Key Level 1586.00 can be the support;
- the trend is bullish now;
- potential profit will be 3 times bigger than the risk.
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Brent Oil Buy StopHi
we can see a harmonic pattern in the ending point of bearish trend line with collaboration of RSI Divergence.
we have kept the buy-stop at price of 57.85 USD and we are expecting a bullish movement up to a specified take profit.
please be keen on your Stop losses
please write your ideas in the comment section.
regards
XAUUSD | Breaking R1Please support this idea with LIKE if you find it useful.
Initiate Long.
Entry - 1583.766
TP1 - 1594.183
TP2 - 1602.429
TP3 - 1610.676
SL - 1580.294
Reason: Price was supported by Ichi Cloud. Also breaking R1 now.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
GOLD LONG TRADEGOLD broke upper limit of ascending triangle pattern at level 1568
Price now is in sideway after reaching level 1588.70 forming continuation falling wedge pattern
Price is above Moving Average 100
It's expected that price will retest the lower edge of the pattern and the key level at 1571.70
Then pullback to go upwards towards levels 1590.90 and 1609 respectively
XAUUSD | Local RetracementPlease support this idea with LIKE if you find it useful.
Initiate Long.
Entry - 1568.538
TP1 - 1594.873
TP2 - 1611.505
SL - 1559.876
Reason: We might have local retracement, because price was rejected by resistance zone and RSI is being overbought. But better not to short the asset, because of we are in an Uptrend and Clobally and Mid term. So I expect the price drop on Ichimoku Cloud support and Long from there.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.