HUGO_DT150

HUGO_DT150

Trade Idea: Preparing for a Potential Upside Move Gold (XAU/USD) has been in a strong uptrend, forming a bullish flag pattern, which is a continuation setup signaling further upside potential. After a significant rally, the price has entered a consolidation phase, trading within a well-defined range. The current price action suggests that gold is building...

HUGO_DT150

To my followers.... I hope you took this trade.....

HUGO_DT150

Trade Idea: The Impending Shift from Bullish to Bearish Structure EUR/USD has formed a classic Head and Shoulders pattern, a widely recognized reversal formation that signals the potential exhaustion of bullish momentum. The price is currently trading within a rising channel, but with the right shoulder already developed, a break below the channel support could...

HUGO_DT150

Trade Idea: Brent crude oil has been in a strong downtrend, with price currently consolidating near the $72.73 support level. The Fibonacci retracement suggests that price has struggled to reclaim key levels, and a breakdown below $72.73 could open the door for further downside momentum. Entry: Look for a confirmed break and retest of $72.73 as resistance to...

HUGO_DT150

Observation: The AUD/USD pair is depicted on a 15-minute chart, showing a recent upward trend followed by a consolidation phase. The price is currently at a critical Fibonacci retracement level around 0.63996, which could act as a potential support. Analysis: The chart features a series of higher lows and higher highs, indicating an intact uptrend. The Fibonacci...

HUGO_DT150

Setup Overview: The EUR/USD chart shows a rising wedge pattern, which is typically considered a bearish reversal pattern. This suggests that despite the recent uptrend, the pair could be poised for a downward reversal. The blue arrow indicates a potential future path for price action, suggesting that after rising slightly within the wedge, the price might break...

HUGO_DT150

Trade Setup: The yellow arrow on the chart points out a breakout from a bullish flag pattern. This is typically a continuation pattern suggesting that the previous upward trend may resume. The current position above the 0.236 Fibonacci retracement level from the recent high indicates strong momentum. Given the scenario, an extension of the uptrend is plausible,...

HUGO_DT150

Given the currency is currently under the 200EMA, the level of price indicates a crucial level of price. The size and quantity of red candles indicates a strong push to the down side. With levels and this prices in previous times also reacted. Anticipate many retail traders to take profits off the table.... Just an anticipated idea....

HUGO_DT150

In the latest 1-hour timeframe analysis of EUR/USD, a rising wedge pattern has emerged, signaling a potential bearish reversal in the near future. This classic chart pattern, characterized by converging trend lines amidst a price ascent, typically forecasts a shift from bullish to bearish sentiment as the trading range narrows. Traders should monitor for a...

HUGO_DT150

Dear Traders, Just an idea on GBP-USD 1H Time-Frame - Markets are ranging at the time of this post. Possible pullback to 1.36027 - if this level is failed, prices could pull back to 1.3580. If 1.3580 is not being respected and broken towards the downside with at least 2 bearish candles as confirmation - a possible price correction at the 1.3540 level could...

HUGO_DT150

Currently the market is reversing back up. 1st Level of resistance expected at 1.3598. Should the price break through resistance at 1.36044 and proceed upwards, I am of opinion that TP1 could be 1.36200 and TP 2 at 1.3640

HUGO_DT150

Possible movement towards the upside. Should price break at 1914.50, it could possibly reverse back to 1908.16 and move up again to retest the previous levels of 1914.52 - It the impulse move continues, a Fibbonaci Retracement can be drawn on top of the 1914.50 level. I would consider a BUY position with TP1 at the 0.786 level and Possibly the 0.618 level as well.

HUGO_DT150

Prices are currently in the middle of a back-to-back impulse wave. The long red arrow represents a "Brick wall" which has not been broken as yet. Once the " Brick wall has been breached with at least 2 bearish candles to the down side, this would indicate that the market is ready to move back to the down side. For confluence, I suggest using the Stochastic...

HUGO_DT150

Nasdaq100 ( US-TECH100) seems to be approaching the final move of an impulse towards the down side. The target for this trade was the price on 03 June 2021 when the candles found support and pushed back up. Seem like History is repeating itself. Good luck.

HUGO_DT150

According to the price-action based movement , it seem that the British Pound will run out of steam soon. Should the price-level of 156.452 not be broken, a sell position could be considered. Prices are anticipated to push down towards 155.790 and reverse back as demonstrated. The Stop-Loss for this trade could be considered at the price-level of 156.765 - this...

HUGO_DT150

At the time of this writing, this is what I have noticed - At the the current price levels, if the level is rejected, a corrective pull-back should be done to the previous level of support, correcting price, and moving back up to the next level of support. See the red arrows as an expectation of what price would do. With the Aussie-dollar pushing upwards, it is...

HUGO_DT150

As global markets are gradually opening up again and price wars going on with promising figures from the Crude Oil Inventories by the US, there should be a promising show of a steady climb again in oil for the long term. Oil should be back at the 41$ mark within the middle of next week. Prices dropped due to price correction and with the competitive trading of...