DevLucem

DevLucem

History does repeat itself and at this instance its not too long ago we saw this movement on the pair. A triangle, breakout, correction move and a final down move followed by Fibonacci retracement. I dont go against the trend so lets remain bearish and watch this pair. Breaking down would definatelly have me selling

DevLucem Updated 

Relistic trading

DevLucem Updated 

We've hit a remarkable low on EURUSD and I expect this to be backed by a retracement of 50% to 61.8% The entry is long but the trade bias remains short as the Downtrend is not completed yet. All the best Check out my previous EURUSD Analysis

DevLucem Updated 

I missed a triangle breakout on this pair. This TrendLIne on the 4HR is broken and i expect lower lows as 1hr we are already on bearish movement

DevLucem Updated 

OANDA:XAUUSD Its amazing how gold trends more than other pairs. The confirmations are currently keeping me bearish. Feel free to comment your ideas.

DevLucem Updated 

This pair has less sideways movement at the moment and i expect an up move or down move once the trend confirmation is complete OANDA:XAUUSD on the other hand however retains a short

DevLucem Updated 

Wondeful year, Theres been a trend on this pair for quite some time so far, the 168% fib level being a target for a previous retracement. This candle close might be a long opportunity. It will give us a tight stop and very nice profits

DevLucem Updated 

We broke the channel and moving on a trend that is strongly targeting the support line. This move is likely to be followed by a fibonacci retracement before continuing down. My bias remains short in the long term

DevLucem Updated 

OANDA:EURUSD Hey traders, Ill be publishing daily between 0800hrs - 1200hrs +0300GMT My analysis is based on SRTF(Support, Resistance, TrendLine and Fibonacci) Take a close look at the trends, Even though we have a higher high, 61.8% level is broken and we are moving bearish. Wish you the best

DevLucem

Based on the trendline below, we are looking to hit a higher high in the market. A buy is the most appropriate

DevLucem

Support Broken, a down fall is expected. Fib level indicates reversal

DevLucem

On the Daily chart, AUDUSD is on a Fibonacci pattern completion and this will end when the market hits the previous top and crosses that level. The 50% zone is already hit and we are waiting for the 100% zone since a bullish movement is already evident in the area. On the 4hr tf, the chart has broken the trendline and we should expect a bearish movement but a...

DevLucem Updated 

It's appealing how these levels have been reflected twice by each trend. For this scenario, when the market breaks to the bottom, I expect a reluctant stretch and may even consolidate for a day before making the major decision to go up or down.

DevLucem Updated 

In the last 2 months, this pair has been running with plenty of fakeouts and unexpected directions for me. But as it is a rule I keep, always listen to what the market is saying. I have managed to reduce my losses with the reluctivity of this pair since I exit a trade that takes too long to play out. We have broken a major support that held for some days and we...

DevLucem Updated 

We recently captured a 5000 point movement on gold the last idea (check tagged link). If you follow gold keenly, you will notice it most respects patterns than any other pair. Gold has been rising higher after the break of the Daily double top which was not so anticipated. After this momentum, I do expect a major downfall for some retests on the previous levels....

DevLucem Updated 

Gold has made lots of decisions that weren't that expected and it's approaching the previous daily double top. Although we caught one low on the double top, its rising has no limits bound to our previous setup. To be careful of fake setups, we will wait for a breakout and retest on this metal to confirm our entry. However It may be up for a potential retest on...

DevLucem Updated 

Trend Is Your Friend We've been running long on EURUSD and have a failed opportunity on our monthly retracement (check tag link). After the major break made this week on the highest level, I see the market going further to make a new high near the monthly support zone. This level is complemented by Fibonacci ABCD pattern. A retest/retouch is always a compliment to...

DevLucem Updated 

Based on the trend formation on that this pair has been on, It has broken the monthly consolidation level and trend line, this pair might be heading for a good long trade but before then expect a retracement. I will enter the trade when the price comes down to the level and ride to the first zone as indicated. However, if price breaks the minor resistance level...