Gold Update 4- MON 12 JuneHi all,
New week started & update on the charts. Like as was predicted TP1 cleared up already with 8431 pips on micro account.
Congratulations all with a profitable day.
TP2 @1941.227 still valid , fingers crossed ;)
PS: never ignore SL, you never know for granted what is next coming….
Technical
Gold Update 3- Friday 09 JuneFriday…
I do not like a very much trade on Monday & Friday…like as today…
Technical analysis still holding & valid. Simply I do not like to keep open positions over weekend because of overnight charges & unpredictable beginning of Monday.
Volume dropped already and market is already in “weekend mood”. No illusions here.
I did exit break even at 1967.37 with a +50 pips on micro account. At least I can pay for my coffee ;)
I do aspect on Monday continuation of set up. Another day, another dollar…
Some statistic for all week…
It was mostly all week testing work done, so I did end up with a “punny” 2154 pips profit & 4 test trades.
By my technical analysis since 1st of June was “available” 5 trades with 11018 pips profit on micro
account .
Looking forward for the next week trading. ;)
All of you have a nice weekend & good backtesting of your ideas!
Gold Update 1 - 9 JuneBased purely on technical analysis only…
Possible entry, TP & SL scenario:
Entry : 1960.500 below L/L on 5m or 15m chart
TP1 : around 1952.162
TP2 : around 1941.227
SL: around 1969.252 or over
A very much possible, that TP2 can reach support line at 1939.50 or even 1937.60 , but not for granted…
Be aware of economical news later today. You never know….
PS: never forget to set SL, cos you never know for granted what next !
Gold Update 08 Jun- TP closed with a 2.123 pips on micro accountTechnical analysis:
TP1 & TP2 was confirmed by technical analysis & lead to 2123 pips profit & 15%+ account increase.
Purely in the theory do exist TP3 around 1978, but I seriously doubt it that it going happening today.
Trying to follow TP3 would be totally based on gambling & alchemist rules…
I do hope all of you had it good trades, time to relax…. :)
Have a nice evening!
Currencies are Rubber Bands - That is Why Bollinger Bands WorkIn the heat of the moment, when big news such as the optimism of over the US debt ceiling and US rate hike causes big bullish move in the USD, we tend to extrapolate that currencies will go in one direction. However, the truth is that currencies are like rubber bands. When it hits either bands, we should expect the currency to rebound back
APPL Wave AnalysisI included the text analysis in the chart.
Short term LONG potential for APPL.
We are still in a correction. Depending on how it evolves, we can take future actions.
LONG beyond the marked price level or SHORT if the price doesn't go past the marked level.
If you agree with this idea, please consider sharing it with others. Thank you.
Disclaimer: Technical analysis is for informational purposes only and should not be construed as financial advice. Trading decisions based on technical analysis are the sole responsibility of the individual trader.
BluetonaFX - GBPUSD Trade IdeaHi Traders!
We have a bearish price channel set up here, there is currently a bearish bias as we had a previous double top around the 1.25156 area, there was then a momentum push to the upside to break the double top. We then had resistance at the 1.25845 level and we are now back in the range to possibly push to the downside, we must close outside the price channel, if we do we will target the 1.24364 support level with a possible further push down.
We will continue to keep a close eye on this one and will alert you of further potential opportunities to come.
Thank you for your support!
BluetonaFX
GOLD My analysis on gold is to the upside, 2046 in view in the next couple of days, their is a bounce at the support level at 1979, but if break the support level the next level of support is 1947
EURUSD 28/04/2023 UPDATEHi Traders!
Our Trading idea earlier today hit the 1.09641 support level and rallied to the upside back into the range, possibly targeting the top of the channel.
More opportunities and setups to come, we will continue to keep you posted!
Thank you for your support!
BluetonaFX
EURUSD 25/04/2023 UPDATEHi Traders!
Our EURUSD idea on the 25/04/2023 was absolutely smashed, which resulted in a fantastic risk to reward setup. We reached the price target of 1.10760 before retracing around the 1.0956 level which is the now the new resistance.
There was a further push to the downside and we are now ranging looking for direction, trading opportunities will come soon and will post as soon we find any. Make sure you stay tuned!
As always, your support is greatly appreciated!
BluetonaFX