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Week14

GOLD: Accumulation Wyckoff Events (week13-14)Hi Guys, I hope Richard Demille Wyckoff will forgive me for this. Lol To view Wyckoff's accumulation structure referred above click this link d.stockcharts.com For a brief introduction to The Wyckoff Method please click this link: stockcharts.com 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
GBPUSD, ranging for week 14, expected rise in Week 15GBPUSD moved into bullish level 1 in Week 14, however, it went back down to create a new low for the bullish level 1 towards the end of Week 14, which would have flushed all the profit that long traders made early in Week 14. Week 14 would be a good week for traders who take both long and short positions, largely the day and swing traders. The moves are quite substantial with each rise and drop about 150 pips. I believe many traders would have profited from the range of GBPUSD in Week 14. In Week 15, I would be going in long, and looking for GBPUSD to rise up to a bullish level 3! I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!
Long
by xunnobi
EURUSD, Ranging in Week 14, lets rise in Week 15.EURUSD largely contained itself within the range in Week 14. Even though in Week 14, we expected it to drop, which it did, however, it went back up to the range at the end of the week. Traders who went short would have netted some profit, traders who went long in the middle of the week will be in profit as well. In Week 14, both long and short traders can be profitable. In the analysis, it shows that the price has gone up to a bullish level 1, and we are expecting the price to continue its movement upwards. The NFP on Friday was not earth-shaking as the price still went back to the range after the initial move. For Week 15, I will be going in for a long and would be expecting a big bullish move in Week 15. I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!
Long
by xunnobi
USDCHF, no reset in Week 14, what to expect in Week 15?In Week 13, we expected the pair to make a Trend Reset and have an outlook of neutral/bearish. However, in Week 14, the pair made a sharp rise and moved to a bullish level 3 zone. Personally, I did not engage USDCHF in week 14, because I am unsure of the general trend, so even if I take a side, I might not be able to have a reasonable conclusion of the pair. USDCHF did not make much of a move even though it went on to create a bullish level 3. Traders shorting the pair might incur some losses and traders who long the pair would be able to net some profit with some big swing at bullish level 3 zone. From the analysis, it seems like a reversal pattern has been formed with a double top lying in the bullish level 3 zone. I will be looking out for a short opportunity in Week 15. I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!
Short
by xunnobi
USDJPY, straight rise week 14, looking for change in week 15USDJPY made an unapologetic bullish move for the whole of week 14. Traders like me who are looking for short and have entered short for the pair would like to suffer a bad week if no change in outlook. The analysis showed a strong upward movement in Week 14, however, it is also showing the pair has overextended the move. Currently, we are seeing 7 levels of rise and JPY pairs usually have extended move as compared to other pairs. (We can count it as 6 levels). The extended move usually throws a lucrative signal for reversal trades but would have ended up a false reversal pattern. I am definitely one of those traders being caught by the extended movement of the pair. The analysis would be now pointing towards a bearish week for Week 15, which I will be monitoring and take a short position if signals are available. I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!
Short
by xunnobi
USDJPY, bullish trend in Week 13, how about Week 14?USDJPY moved accordingly to our analysis of Week 13, it made a bullish move as expected. Even though the move was not large, but any traders making a long position would be able to make good gains out of their trades. Congratulations to all traders longing USDJPY! For the week of 13, we can see that it completed a three level of Bullish trend. Even though the last level is very small and close, but it does fulfill the principles of the analysis, thus it was being identified as a bullish zone. On Friday, it ended the week with a possible reversal pattern at level 3 of the bullish, thus we gain comfort in looking at the pair to regain the bearish move in Week 14. I would be monitoring the pair and would be shorting them for Week 14, align with the outlook of the analysis. I hope all traders continue to make a good profit in the coming Week 14. If my analysis helped you in any way, please like and follow me in Tradingview, thank you!!
Short
by xunnobi
USDCHF, slow move in Week 13, can it resume in Week 14?USDCHF did move upwards in Week 13, even though it moved according to analysis, but the move is more of a consolidating move than a strong move. Nonetheless, traders who went long on this pair would be able to get some profit out of USDCHF. In Week 13, it managed to break into Bullish level 2. Possible reversal pattern was spotted at level 2 and the lack of a strong move pointed me to a possible trend reset at this area. Meaning a brand new Bearish or Bullish might be formed. At this current stage, it doesn't seem that the Trend Reset has been completed, thus I am putting a neutral take on this pair. It is unlikely to expect the move after the Trend Reset as it can be bearish or bullish. So for Week 14, it would be wise to avoid and watch the movement of USDCHF. I would suggest for traders to wait on the line and continue to monitor until a firm signal has been issued. I hope all traders continue to make a good profit in the coming Week 14. If my analysis helped you in any way, please like and follow me in Tradingview, thank you!!
by xunnobi
EURUSD, Beautiful Drop in Week 13, get ready for Week 14EURUSD made a wonderful drop in Week 13 as expected. For all traders who shorted, congrats to your big profit! It was a swift move and it didn't post much risk to traders shorting them. The bearish move of EURUSD was quite strong, and it only started to consolidate and giving hints of reversal on Friday. The bearish trend sees 4 level of drop rather than 3, even though the last level of the drop is not really a consolidation level, but it fulfilled certain criteria so I named it as level 4. Nonetheless, even though it is a 4 level drop, traders who shorted it might see minimum losses if they expected the reversal to be at level 3. For Week 14, I am expected a bullish movement and the analysis pointed a bullish trend in Week 14. Therefore I would be going Long on EURUSD for Week 14. I hope all traders continue to make a good profit in the coming Week 14. If my analysis helped you in any way, please like and follow me in Tradingview, thank you!!
Long
by xunnobi
2
GBPUSD, what is going to happen in Week 14?GBPUSD moved as expected in Week 13. A good drop and forming a level 3 for the bearish trend. I made some profits from the move, and I hope other traders have profited from the move as well. The second level of the bearish trend did make me think twice about my analysis, not the question that it may be a bull trend. But rather, is there a trend reset going on and would the pair continue heading south. I arrived at my conclusion that I might be over thinking and I would just follow the analysis and manage my trades well. The bear move was strong, however, Friday seems to have halted the move. It moved another 100 pips downwards on Friday but it ended the week with a push upwards. It showed a sign of bull returning into the market and that gave me comfort to say that for Week 14, a rise is very possible. So for the coming Week 14, I am confident that the move would be point upwards. I would be monitoring and taking long on GBPUSD. I hope all traders continue to make a good profit in the coming Week 14. If my analysis helped you in any way, please like and follow me in Tradingview, thank you!!
Short
by xunnobi