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Week11

Gold: mid week11 updateHi Guys, Gold is pulling back from 1.310 once again but is still above 400SMA and supported by 200SMA. The double top may present an opportunity for a breakout of the 200SMA towards 1.294. However, in view of forthcoming FOMC meeting due today, intraday positioning is highly risky therefore not reccomended. On March 10, I posted a H4 chart presenting an H&S formation with a RS at approx.1.320/1.310. Price stopped at 1.310 before pulling back twice. Click & Play the following chart to watch the H&S pattern unfold: So, IMHO, if support is confirmed on those crossing SMAs Gold may still run for a RS higher than 1.310 to extend and complete the RS. If it falls below 1.300 though I will probably try to position myself to make profits towards 1.294. Good Luck & Carpe Diem!...if you can. Lol Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
DXY: Tuesday Week11Hi Guys, the scenario hasn't changed much since my last post. DXY still looking bearish into mid week11. FOMC meeting due tomorrow. 50SMA keeps pushing despite divergence with RSI. A,B and C are lower lows. RSI is making higher lows compared to price. If the index re-climbs above 1000SMA and crosses the 50SMA for the upside at the same time, DXY may commence correcting week10 fall. RSI still below 50 though and if bearish momentum picks up next stop could be week8 low. IMHO in the 4H chart below options may be: A) a run towards 50SMA or B) a run towards 1000SMA Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:DXY
by cozzamara
Gold: Week11 FridayHi Guys, since my last post on Tuesday, Gold made a run to hit 1.320 following FOMC meeting on Wednesday. The precious metal received a boost after the US Federal Reserve signalled no further rate hikes this year and balance sheet reduction. Following FOMC meeting though, Gold retraced 0.618 Fib of the move made the previous day and AToW is struggling to keep momentum on going above 1.310. If you remember the idea I posted on March 13, Gold is right in between 1.320 and 1.310, exactly where the right shoulder was supposed to be but a week later. In addition to the above please note that the bull run commenced on Aug 16 may have terminated at 1.350. Please have a look at the post "GOLD:H=Top of the Bull Run" in the related ideas linked below. According to the daily chart presented, please watch out for Gold when crosses the 44SMA for the downside and, at the same time, 1.300 level (round number and psycological support) if you are bearish. On the contrary, if you are bullish, watch for momentum building if price crosses 1.315 and, at the same time, RSI gets overbought. On the hourly chart to note the common bottom formed in week9 and the ascending channel in week10 and week11 supported by 200SMA. Potential LS at 1.320 of a H&S pattern that may have been completed. If 200SMA do not support and is breached Gold bias may turn into bearish. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
Gold: Week 11Hi Guys, I've just seen a tweet from @PeterBrandt (twitter.com) that shows a "common bottom". Well, in week9 - beginning week10; Gold made a "common bottom" XAB. What happened next is an attempt to regain and consolidate above 1300 throughout week10. At the moment BD are higher lows and AC are higher highs. RSI just above 50. Gold squeezed between 200 (support) and 400SMAs (bearish pressure). I am not convinced that the RS is completed. In my post Gold:Week10 in the related ideas linked below I was expecting the RS to be between 1310 and 1320. Last Wednesday it stopped at 1310. If Gold crosses the 400SMA above 1310 it may run towards 1320. However if Gold crosses the 200SMA next support is B. IMHO failure to consolidate above 1300 may drive sentiment lower for a breakdown of the neckline of the H&S pattern ABCDE above towards B or maybe X. TO NOTE also the formation made at D on the 200SMA. Also this one looks like a "common bottom". Lol. But as always let's be patient and wait for the week to unfold. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
US Oil: Week11 into WedHi Guys, please note that the formation inside the circle was made right on supportive SMA. Following the pannant made on Monday and the run made this morning, price pulled back from 59,50 to return below 59 and find support on the ascending SMA at approx 58,73 and bounced to gap up right after release of API Weekly Crude Oil Stock which was supportive for bulls. Tomorrow EIA will release its report which will be crucial for WTI traders. Overall, despite Tuesday pullback, my view hasn't change from the view I posted on Monday. If you trade intraday you must be quick to take your profits. However, to conclude, if 58.73 is breached 57.87 may be the next supportive level. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:USOIL
by cozzamara
US Oil: Pennant?Hi Guys, following my previsous post on US Oil (related ideas linked below) please note that the formation inside the circle made today may be a pennant that could trigger some bullishness into mid-week if sentiment picks up. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:USOIL
by cozzamara
US Oil: Week 11 Kick OffHi Guys, Last week US Oil broke higher above the latest Trump's tweet with a run started on Wednesday. Price consolidated above Trump's tweet level with a triple bottom support throughout Thu, Fri and this morning before resuming the run pushed by the 90SMA. TO NOTE: RSI spiked briefly above 70 but lower than previous highs. Price instead kept going higher. IMHO bullish momentum may push up to 60 if sentiment picks up above 70 again shortly. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:USOIL
by cozzamara
GOLD: H = Top of Bull RunHi Guys, according to the Daily chart of USD/JPY that I posted on Feb 2, 2019 and the principle of negative correlations between their moves, GOLD is about to run towards the 166SMA with approx target/support at 1.260/1.240. Since USD/JPY reached the level of the blue bold horizontal line at 112 with a bullish move, I would expect GOLD to unfold a bearish move. Instead you will note that Gold made a final run to make H before falling and start to correct the run commenced mid-August 2018. If you click & play USD/JPY daily chart (below) you will note that from Jan 31st the pair made a run towards 112 (BULLISH MOVE). This is at the same level of the blue bold line. If you click & play the GOLD daily chart (below) you will note that price made a final run at 1.340 before starting to pull back (BEARISH MOVE). And the pull back has been supported by previous low at approx 1.280 made before 1st S. This pull back may be the initial phase of a more deep correction of the run started mid-Aug 2018. However, FOMC meeting at the horizon (in approx 48 hours). Be carefull. If DXY goes down or economy slows, Gold may well go up. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
DXY: divergence with RSIHi Guys, the black bold arrow below indicates the divergence in the RSI. Such divergence was formed between last Friday and this morning and may prompt a run into the 50SMA. Don't think Index will cross it before FED meeting on Wednesday though. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:DXY
by cozzamara
1
DXY: Week 11 Kick OffHi Guys, DXY started the week forming a small divergence between the two last price lows A/B and RSI. AToW RSI is crossing 50 line whilst price is stopped by 50SMA pushing down. If push fails, price may reach last Friday's hights before tomorrow to wait for FED meeting on Wednesday. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:DXY
by cozzamara
USD/JPY: Week11 Kick OffHi Guys, as you know I am obsessed with inverted (negative) correlations between GOLD vs USD/JPY. Week11 may be the start of one of these moments when their moves are negatively correlated. However this is not the topic of this idea. The topic of this post is the same as my previous post on Gold. "Common bottoms". And USD/JPY made a "common bottom" in week10 whilst Gold formed one in week9. A week earlier. For the time being I just wanted to share this info. Let's see how week11 kicks off before making any decisions. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by cozzamara
EURUSD, Week 10 big profit, expect this in Week 11EURUSD, together with GBPUSD and USDCHF is a big winner for week 10. They moved as expected in our Week 10 analysis and holding them through the week would have no surprises for the traders trading these pairs. Congrats to traders making the wonderful trades. In Week 10, we see EURUSD making big movement and ending the week with a sharp V shape reversal. I am in the view that it has completed a 3 level bearish movement and it is now time for bullish movement. Week 10 analysis would have pointed us towards a bullish movement in week 11 and I personally has no reservation about an upward move for EURUSD. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Long
by xunnobi
USDJPY, no trade in week 10, Short for Week 11USDJPY did not move as expected in week 10, rather, it consolidated and seems to complete a big reversal formation. In Week 10, it did not rise, but rather formed a seemingly inverted U shape, which indicates a reversal. It seems like the bull power is dying off and the trend would be moved by the Bear. In Week 10, USDJPY still remains an unsure pair even though it seems like it can be long, but I still advised against longing the pair back in week 9. Now with the big move downwards, I would say that USDJPY can be traded again, and this time, short it all the way down! I would be confident for the short of USDJPY in week 11. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Short
by xunnobi
USDCHF, ez Week 10, expectations for Week 11USDCHF moved exactly to what we expected, pretty much like what happened to our analysis of GBPUSD. I hope you managed to make good profit out of it. in week 10, USDCHF completed its 3 level bullish trend. On Friday, it made a fast reversal, no double top seen on the H1 chart. The reversal can be seen as a inverted V, and it broke a new level, so we do not need to wait for a second double top. I put it as M as an indication of reversal. Since it has completed its 3 level of bullish movement, we would be expecting a drop in week 11. Since it has also broke into level 1 of the bearish trend, it further reinforced the bearish trend that we would be seeing in week 11. USDCHF would be a short for Week 11, and I am excited to see how far it would go. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Short
by xunnobi
GBPUSD, ez Week 10, ready for Week 11GBPUSD moved as expected for week 10, and if we were to enter a short starting Monday, you would enjoy a straight profit through the week, how awesome is that. In week 10, we the GBPUSD completed a 3 level bearish move, it was a great move and I am sure it trapped many short traders. Looking at the current analysis, the GBPUSD seems to be forming the second leg of the double bottom, which is seen as a reversal pattern. If a double bottom is being formed, we can enter a long and wait for another 3 level of movement to be completed before we can switch to sell again. For week 11, I am expecting to long the market, given the completion of 3 levels of bearish movement. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Long
by xunnobi