AlbionTrader

AlbionTrader

Salesforce is now moving on an upwards trendline parallel to a previous one. At the same time, the trend is Bearish, which makes room for a Triangle formation. Overall, it looks Bullish on the short-term, while keeping an eye on which side of the triangle it will break out. By instinct, I would say upwards, but let's wait to have data before taking a decision.

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EUR/SGD moving steadily towards a local minimum, which is the base of the Fibonacci retracement. Bearish on the short term, but my sentiment is that it will not break that support so easily.

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Copper has been moving quite in accordance with Fibonacci (two different traces). The general trend is bearish, so the most probable outcome is a rebound on the Fibonacci resistance. We will wait for confirmation - rebound and closed daily candle below the resistance.

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COINBASE:BTCUSD have been trading in a Gann Fan pattern. This could be constructed starting from the TrendLines highlighted in previous posts. After a Bearish trend it partially reversed it by breaking above the 1/2 angle and then the price rejected the resistance at the 1/3 angle. Moving the chart to better look into future price action (and hoping this...

AlbionTrader Updated 

COINBASE:BTCUSD had a good drop in the last 3 days. It now reached an area that can form a horizontal support; this would be the third touch so in case it holds we are going to see further move upwards. As a soft resistance, we can also look at the diagonal trendline in figure - even if on the 10 December there was not a real touch. Given the high volatility...

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COPPER HG HG1 HG1! respected the Trendlines highlighted in the previous posts; on the 4-hour chart it followed the Simple Moving Average ribbon as well. A triangle formation is being reached now. Could be a Continuation Pattern upwards.

AlbionTrader

COPPER HG HG1 HG1! respected the Trendlines highlighted in the previous posts; on the 4-hour chart it followed the Simple Moving Average ribbon as well. A triangle formation is being reached now. Could be a Continuation Pattern upwards.

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COPPER HG HG1 Like last week, just more confusing Gann fan forming maybe? Price might Fakeout and bounce again. #Patience and wait for a sign. If I had to bet now I would say Long but - again - let's wait for a clearer view.

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COPPER HG HG1 Like last week, just more confusing Gann fan forming maybe? Price might Fakeout and bounce again. #Patience and wait for a sign. If I had to bet now I would say Long but - again - let's wait for a clearer view.

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Copper HG1! has been trading in a channel lately, and in a couple of trades we profited by the bounce on the descending trendline (magenta in the chart). Indicators look still quite bearish while the triangle pattern might suggest a continuation pattern high as I think it will go this direction but let's wait for confirmation. Be ready for action!

AlbionTrader

Copper has been trading in a channel lately, and in a couple of trades we profited by the bounce on the descending trendline (magenta in the chart). Indicators look still quite bearish while the triangle pattern might suggest a continuation pattern high as I think it will go this direction but let's wait for confirmation. Be ready for action!

AlbionTrader

AUDNZD might be ready for a reversal on a zone of resistance. AUD has been bullish for quite long now and the indicators start to show divergence. The reversal zone has been serving as Support or Resistance in July 2014, May 2015, end of January 2016. We might want to wait for an optimal entry point and then let the market decide how this will go - possibly with...

AlbionTrader

AUDNZD might be ready for a reversal on a zone of resistance. AUD has been bullish for quite long now and the indicators start to show divergence. The reversal zone has been serving as Support or Resistance in July 2014, May 2015, end of January 2016. We might want to wait for an optimal entry point and then let the market decide how this will go - possibly with...

AlbionTrader

CC2! Cocoa on the same support hit on 2008 and not broken since. The next days will be decisive to see if a big move will be made.

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CC2! Cocoa on the same support hit on 2008 and not broken since. The next days will be decisive to see if a big move will be made.

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GBP on a neckline of a Head and Shoulders formation on the 2-hour chart, just as some volatility is expected for some news coming out that might shake the market. Indicators seem to show divergence but CAUTION is mandatory now. If it breaks low keep in mind the soft resistance at 1.2338 Watch closely!

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GBP on a neckline of a Head and Shoulders formation on the 2-hour chart, just as some volatility is expected for some news coming out that might shake the market. Indicators seem to show divergence but CAUTION is mandatory now. If it breaks low keep in mind the soft resistance at 1.2338 Watch closely!

AlbionTrader

Coffee is already almost hitting the trendline formed on the Daily chart. It broke the 4-hourly trendline some days ago so a bit of extra caution is needed; however, the Risk-Reward-Ratio looks quite promising. Watch for the opening of the next 4H chart!