Chris4XTrading

Chris4XTrading Updated 

XAUUSD the Fibonacci way. Mostly for reference purposes. 1330.00 is the decision point.

Chris4XTrading Updated 

In order for WTIUSD to go bearish, it will have to break through it's current trend's support, as well as the 120EMA, AND the 50% Fib line. I believe that Crude has a better chance of going bullish towards the upper trend line, perhaps just after reaching the trend support.

Chris4XTrading Updated 

Ignoring fundamentals, TA dictates the following.

Chris4XTrading

Patience: Above all else, patience is key. Rushing into trades that don't meet your strategies' requirements will end up in losses 8/10 times. Sometimes you get lucky, but being a professional Trader isn't about luck. Wait for where you would like the price to be and do nott enter until it gets there. Have multiple options available to you at any one time. ...

Chris4XTrading Updated 

Assuming that USDZAR has actually started acting like a currency pair again and not just some wild, untameable beast, we can deduce from previous price action and multiple EMAs that the pair is most likely to go Bullish in the week(s) to come. Otherwise, expect it to drop back down and range between 12.46700 and 12.7000 for a while.

Chris4XTrading Updated 

Waiting for the pullback to the 61.8% short-term Fibonacci line before going long to the 74.00 region and onward to TP2 at the 77.00 region.

Chris4XTrading Updated 

Fibonacci retracement and ratio confirms that the US dollar still has some way to go before perhaps losing strength.

Chris4XTrading

Check back here in 5 years to see if this worked.

Chris4XTrading Updated 

Short-term trade setup for XAUUSD. Entry point around 1308-1309. SL @ 13010.00 TP1 @ 1303

Chris4XTrading Updated 

Some people may call me obsessed over this rare, precious metal - I like to think of myself as a modern-day GoldRusher. XAUUSD is currently ranging, perhaps because of political uncertainty, perhaps because it's just the way GOLD works. Not taking into consideration the fundamental side of the market, I would tell everyone to go long on XAUUSD right now and ride...

Chris4XTrading Updated 

Taking a a look at previous price action of BTCUSD we can see a clear symmetry between the current price and the price when the ICO initially was launched. The 120 EMA is a clear uptrend converse to the bearish action during the March - April EMA. Taking into consideration BTC has continued to follow this consistent pattern of rising to the next fib line,...

Chris4XTrading

USDZAR goes bullish towards the median line between the previous resistance and support (around the 13.00000 region) . Scenario 1: The momentum is enough to carry the US DOLLAR upwards to the next Fibonacci line around the 13.45000 region, 7000+ pips upwards. Scenario 2: The DOLLAR does not have sufficient strength to break through the median line and...

Chris4XTrading Updated 

We are now awaiting a solid confirmation signal from Gold. 1 of 3 things could now happen, each of which we must prepare for.

Chris4XTrading Updated 

XAUUSD is currently ranging upwards in a trend. Carefully sell the dips, put more confidence in buys.

Chris4XTrading Updated 

Quick update on the status of Gold.

Chris4XTrading

Technically speaking, if everything aligns, we should see a very decent bearish move from GBPCHF. Expect movement down to the 38% Fib line (at very most).

Chris4XTrading

Historically speaking, EURUSD should move upwards to the 0.93000 region (or 100% weekly fib line). Thereafter, Bulls will most likely run out of momentum and have to back off for a while, letting the bears pull the price back down towards the 0.88000-0.89000 region. After the Bulls' rest, price will continue to move upwards along the natural trend of the...

Chris4XTrading Updated 

Gold has always been a safe haven for investors - we are currently awaiting the one report to end all reports; NFP. Because of the uncertainty in the markets, investors will put their money in Gold, sending the price of XAUUSD upwards. Should we get a GOOD NFP report, XAUUSD will then plummet back down to the 1300.00 region as investor confidence grows again.