Just wait, there is no thing to do instantly with FCPO1!Just wait, there is no thing to do instantly with FCPO1!
It is really just in a trading range
we are looking in next days for an opportunity.
Palmtraders
Palm Oil Breaking Ranging level 4700-5220?Palm Oil market has been ranging for the past few weeks:
Reasons behind as below:
1. Rising in new COVID-19 cases in Europe (- export demand= price drop)
2. Weakness in Crude Oil and Soybean Oil (- demand= price drop)
3. Weather concerns (- supply = price up)
4. Labor shortage (- supply = price up)
5. RM weakening (+ demand = price up)
Technical View:
1. Strong resistance level at 5000
2. Stochastic at Overbought level, K% & D% line cross down (Sell sign)
Suggestion Trade:
Short
Stop Loss (Resistance level) 5220
Target Profit (Support level) 4650, 4500, 4385-4400
Happy Trading!! Cheers.
** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK
FCPO1 (Palm Oil) - Mid Term Technical AnalysisWe expect a decrease in PALM and there are 3 reasons for this;
The first of these is that we believe that Shoulder-Head-Shoulder formation occurs in PALM.
The second reason is that the 70.10.10 Stochastic Indicator intersects from above.
The last reason is the large Negative Mismatch on RSI.
As a result, we expect the prices to decline to 2500 levels in the short/medium term.
However, if the prices rise again, the first levels we will follow will be 3980 and around.
It contains only personal views and opinions. Does not contain legal investment advice ...
EURJPY COMPLETING STRUCTURE - 1H CHARTHey guys,
We are still analyzing EURJPY. I shared a Daily view on this pair and it is linked to this one here. You can see it attached below.
The flag we are willing to trade could be an almost perfect 5 wave structure as you see in this chart.
Now it is all about being patient. In the next flag formation we will enter the trade.
As you see we did a short term trade lately. 130 pips in a 2 day trade!
Carlos
BREAKOUT IN USDCHF - 2H CHARTHey Guys,
Pretty much like EURUSD. We have a corrective structure converging and it is definitely going to brake uptrend.
There is still a possibility of a last move down but my trade is the buy.
If it brakes structure and makes a flag...good time to buy!
Carlos
BREAKOUT IN EURUSD - 1H CHARTHey Traders,
I brought this idea to my mates in the team. We are going to get a breakout in EURUSD
I have been monitoring this corrective structure since the end of December, and it looks like a Leading Diagonal, could break into a slow downtrend move, I don't think it will be a sharp move.
Gold seems to be dropping from the corrective structure it's broken already so these two possibilities in EURUSD.
1- Sideways consolidation forming a flag will develop into a breakout. (BLUE ARROWS)
2- Sharp moves up will develop a 5th wave in the Leading Diagonal structure. (RED ARROWS)
Either way our big trade is the sell!
Hope you like it,
Carlos
ENDING DIAGONAL IN AUDUSD - 4H CHARTHey guys,
Here's a perfect chance to make some pips on a short position.
5th wave extension turned into an ending diagonal.
I expect one more move up at least in the structure and then a brakeout downtrend until the support level aligned with the end of 4th wave.
Carlos
SHORT TERM TRADE IN GBPUSD - 1HHey folks,
I wanted to share this idea on GBPUSD.
After a sharp impulse I am sure we had an ABC correction and a new impulse is going to develop.
Target is the -0.27 of the fibo.
Trade the breakout and you can get a nice 170 pip profit.
Carlos
SHORT TERM BUY IN AUDNZD - 4H CHARTHey Traders,
As simply as this. We are gonna trade the breakout of this flag. But we are already in the trade from way below.
I would not miss it!
Carlos
SHORT TERM SELL IN AUDJPY - 2H CHARTHey Guys,
We are in the begining of the C wave from an Elliott Impulse.
As simple as this. B wave is over with the break of the main trendline and now we have a clear flag.
Sell the breakout!
Carlos
ABCDE TRIANGLE IN USDCAD - DAILY CHARTHi people,
I put this idea on the table. I have analyzed this pair for a month already and as you see I drew a channel on the way to -D-
If market broke the structure I would have had then a simple ABC correction and I would sell the next flag to get profits downtrend.
Now we have broken that channel up and it's broken the trend from -C- to -D-
I expect the market to make a flag and then I will buy the brakeout to get a nice short term buy.
However, my trade is the sell from -E- And that move can triple my account!!
Carlos
BUY SET UP IN EURJPY - DAILY CHARTHey Guys!
I saw this very interesting.
The Weekly correction has been broken uptrend by this last impulse. Now it's making a correction in the shape of a flag so we have a buy set up!
Simply buy the breakout!
Carlos
BUY SET UP IN EURJPY - 2H CHARTHey Traders,
Long time no post, happy new year and happy holidays!
I am back with a few analysis from my holidays, one is this trade, EURJPY.
In my team we traded the flag down, we managed to get a 116 pip trade done.
This flag is finally reached 0.786 of the fibo so I am sure it will try to brake it.
The ongoing brake maybe a Throw-Over so we have to wait, if it consolidates on top of the line then we get a buy set up.
If flag ain't clear then wait for a CLEAR BRAKE of the upper resistance level.
Carlos
NEW IMPULSE IN EURNZD - DAILY CHARTHey folks,
Here's a move I have been analyzing since Novimber 2016. And now all the patterns indicate the start of the new impulse.
ABC correction almost done. C wave is a perfect 5 wave impulse down and the fifth wave is an ending diagonal. The main correction is even an ending diagonal; however, we are looking into the small timeframes for those.
I will support this idea with a 1H chart analysis.
Carlos
GBPUSD DAILY IMPULSE SUBDIVIDED - 1H CHART Hey guys,
Here's the other analysis I have been studying. GBPUSD
We have broken the daily ABCDE triangle, you can look at my past analysis linked to this idea.
Now we have a new downtrend impulse so we want to look for a sell.
We may have an expanded flat already over at the 0.382 Fibo and then we can trade the next flag or we could still have a zigzag correction until the 0.618 Fibo and then down.
Watch for both moves, I will update this idea with my final decission on the sell.
Carlos
ABC CORRECTION IN AUDNZD - DAILY CHARTHi Folks,
One more analysis. I really have my hopes into this trade, working with a buy limit order.
We have a past eliott motive wave (12345) followed by a perfect ABC ZigZag correction since it is formed by two "threes" and a "five".
At the end by -C- point we have a small extended flat followed by a downtrend channel consolidation.
My final prediciton is that in the 0.786 level the market will bounce, without breaking the bottom level. If it does not touch the level 0.786 then it will brake and start the new motive wave.
Carlos
SELL SET UP IN EURGBP - DAILY CHARTHi again people,
This an updated analysis I did a month ago. You can check it out in the link here of related ideas.
I expected the market to do a move up to form -X-. Following Fibo rules I estimated the location of -X- following a downtrend line as a main guideline of the Daily corrective structure.
We are now looking for a brake down from -X- and then get in a short position!
Carlos
EXPANDING DIAGONAL IN GBPCHF - DAILY CHARTHi Guys,
Long time since the last post. It's christmass so I have been spending some time with my family.
Here's something I have analyzed for the last 2 weeks.
Daily Expanding Diagonal, weakness of the downtrend.
So I expect a brakeout of the structure, if it goes down to bottom trendline I will manage a trade from there and then hold it after the brakeout.
Carlos
SHORT TERM ON EURUSD - 1H CHARTHi Traders,
Here we go, simple idea.
I got on a trade in the flag before but touched my brake even stoploss and now I placed this sell stop.
Hopefully we will get a brake and get a nice one down.
If it does not brake...I may start looking into buy set ups.
Carlos
COMPLEX ABC IN AUDUSD - DAILY CHARTHi Traders,
In the team we have been analyzing this pair for a long while, we did a nice short position from last minuete b until today, 800 pips in two trades.
Now we are willing to save the profits and wait for the new uptrend move, clearly going to happen, but we are not sure when, we could get many types of flat corrections going on (regular, running or expanded).
Can't wait for the reversal move and go on a Long Position!!
Carlos
US OIL ANALYSIS - H1 VIEWHi traders,
I posted an analysis last week on Us Oil, which I realized it was wrong! So I have analyzed Oil again and now I am sure about the analysis I have made.
In the Daily, we have the start of an Elliott motive wave. So we know Oil is going uptrend. I will post the Daily view after this one.
In the hourly chart, we can see the H1 impulses and respective corrections. Last corrective move has been broken, so now we want to look for a buysetup = FLAG, and get on a long position.
Whenever we reach the topest orange level the market should brake it, if it doesn't, we will save the trade putting stop to brake even.
Carlos
US OIL ANALYSIS - DAILY VIEWHi Traders,
Here's part 2 of my new analysis on Us Oil. Already linked to my H1 analysis posted.
In the last period we have had a big impulse. As you can see it has 5 moves so it confirms an Elliot Motive Wave.
Then we have a typical ABC correction.
The thing is that the market has created a more complex structure, making it a Running Flat (B higher than the start of A, C end between A and B).
After the running flat happened we can now say we are going uptrend towards from 2 to 3 in the primary wave.
Looking for hundreds of pips on this long position!
Carlos
GOLD DIGGERHey Traders!
We just analyzed this opportunity in the team.
Wait for a breakout and buy in the next flag.
Another move down in the channel could happen!
Carlos
