Cycles
GBP/USD – Profit takingOur LONG setup (GBP/USD of November 23rd) has developed very nicely.
The reaction low (November 27th) was hit exactly on target. Our deposited movement high (December 04) is just being dealt with. The price target of USD 1,34386 was exceeded by far and is currently at the resistance level that has existed since December 2019.
We recommend profit taking and a position reduction of at least 85%.
Congratulations to all who traded the setup!
(We will not document the setup any further.)
Note:
Within our trading strategy we use three special analysis methods. Only partial aspects have been published in this article and do not constitute a complete trading system, investment advice or buy recommendation.
Gold - Predictable through stock market cyclesThe low has arrived with a tolerance of one day (on November 30th).
After the break, the support confirmed for several months, the gold price (XAU/USD) reached a movement low on Monday November 30th, confirming our deposited turnaround date (with a one-day tolerance).
In our analysis of November 14 (13 days in advance) we had already pointed out the movement low around November 27. Thus, any price developments were by no means surprising and our readers had a very good directional filter to plan and prepare appropriate setups.
Within our subscribers, the long setup was specified more precisely once again. At this point, congratulations to all who were or are positioned!
According to our calculations, there is a reaction high around December 04 with a final counter impulse until around December 15. Our subscribers receive the exact position management together with price targets as usual via our distribution list.
An excerpt of past turning dates:
- Gold low November 27, tolerance 1 day
- Gold high November 16, tolerance 0 days
- Gold low November 12, tolerance 3 days
- Gold high 05. November, tolerance 2 days
- Gold low September 28, tolerance 0 days
(Our turning dates have an average tolerance of 3 days. In 80% of the cases it is even only 2 days).
Note:
Within our Swing Trading Strategy we use three special analysis methods. Only partial aspects have been published in this article and do not constitute a complete trading system nor investment advice or a buy recommendation.
GBP/USD – The rally continuesIn our previous analysis of the GBP/USD, we had mentioned a reaction low around November 27. If this low is not breached again, the reversal date is confirmed (0 day tolerance) and an upward movement should take place until around December 4th.
The following parameters remain unchanged:
Target price: 1.34386 USD
Supports: 1.31962 and 1.31064 USD.
The hit probability (27.11. to 04.12.2020) is about 80%.
Gold at least 4 Bermuda Triangles found ..how abt you? ~70% of time market is choppy. Where most traders losing money.. Triangle is one of the deadly choppy market.. chop chop until we 're losing our mind & directions....
