CAPITALCOM:COPPER Seeing a nice clean break and retest on Copper, longs for now look good to me! First target will be around the top of the trendline for me.
TVC:USOIL Smashed two fantastic short positions on USOIL in the past week! Made a total of 28% with 1% risk, first entry, targets and entries were shared with the community and then the second entry which banked 15% was shared in my free group!!
TVC:VIX A very interesting look for the VIX, showing the future equity prices and risk sentiment direction. Big breakouts can cause major corrections across the equity markets so something to be wary of if you are trading that market! VIX is the inverse correlation of the S&P
TVC:USOIL Trade of the month for me, USOIL shorts, targets were based off price needing to come and take out this double bottom, to grab liquidity before then pushing higher and is playing out perfectly! I will also be breaking this one down on my Youtube channel over the weekend! Youtube: Aaron Luce Have a great weekend everyone! :)
FX:EURUSD Expect a lot of retailers tried to long this yesterday, I personally would be waiting to go long around the untested broken resistance on the dotted line and back of this broken trend line
FX:USDCAD Showing signs of an upside breakout and now retesting, as well as we could see a lot of CAD pairs pullback = USOIL sell off!
OANDA:SPX500USD A very key trend line that has been acting very well as support since March this year, is now being retested as resistance. Currently rallied up for over a week, maybe due to pullback? Looking likely from a technical perspective with the back of this key trend line and previous resistance highs from September this year, something to look out...
FX:EURGBP Trading at a major level of support, with a few GBP pairs looking weak with GBP index at resistance. Too early to say longs yet, but as you can also see, expect a lot of retailers jumped in longs yesterday with stops just below and will now be wicked out!
OANDA:SPX500USD Daily - We have seen a big breakout however we are starting to find some support off the MA + previous low structure 4 hourly - If we break this counter trendline or we reject, this will give us the overall risk sentiment of the market. As it stands, we are seeing signs of a potential break of this trendline, but also keep in mind the key...
OANDA:XAUUSD Gold - Risk factors coming into play, gold seems to be at attractive price at the moment, technicals are suggesting we could as a first target see price retest: 1800 -27% fib 88% fib For me, gold loves the 78% fib so ideally I would like to see us tap into this first before looking for long, alerts are set, let's see how things pan out, worth...
FX:EURAUD Hourly TF, following the current trend, price is at a key level where we could see longs up into these previous highs then onto 1.62500. We are coming into a 4th touch of this trendline, so expect fakeouts where we could come back down and retest the back of the broken counter trendline before the push up
FX:NZDJPY We are manipulating lower on this pair right now, breaking this ascending trendline, but we have not broken the trend. Seeing these third drives to the lows, I think I will wait for the daily candle close to assess this pair for potential longs
FX:EURAUD Watching for longs on this pair, ideally I would like to see a stop hunt into the 78 to 88% fibonacci before jumping in this trade, but the long term swing of things is looking really nice for this pair!
FX:AUDNZD Watching this pair closely after seeing retailers getting squeezed out of this one, looking to have that third drive of the highs before jumping into any shorts
FX:USDCHF Analysis played out nicely here, waited for price to breakout and retest before triggering in longs. After such an aggressive push down, the longs were higher risk than I would have liked, regardless, I planned the trade and traded the plan, now stops will be at BE anyway!
FX:EURCAD Price has broken this descending trendline and the Canadian dollar looks like it could get some weakness, waiting to see some signs of hourly reversal patterns to get involved, otherwise right now, trading what we see, we are still bearish!
Managed to catch a nice 5.5RR on this pair today, decided to get in and out with the uncertainty of the pound. Very simple elements: Stop Hunt Fib & Liquidity Grab With a target of my key level (well just above as we don't always have to tap it exactly)
OANDA:XAUUSD Gold is coming into a very key area this week, potential to tap into 1800 before selling off. Early on in the week, if we see pullbacks, I will likely look for hedge longs into this region so I can then take sells risk free. With that being said, gold on the weekly is looking very bullish and could soon be back at the 2,000s but lets continue to...