KreditK

KreditK

I expect a very long-term play on gold, and this chart makes it more apparent we are bound to go on a long run to the upside for the next few years. My analysis tells me that this pair is currently in a short-term retracement and will bounce off of one of the indicated levels and eventually head towards Target 1 (1.272) and Target 2 (1.618). Structure is key, as always.

KreditK

Price appears to have made a change of trend from a macro standpoint. I'll be taking this pair up in a counter-trend play towards the retest of the trend line, which coincides with a 61.8 retracement level, and then take it further short.

KreditK

Very long term play. On the daily timeframe, I'm awaiting further confirmation with price making higher highs and higher lows, but off of the weekly timeframe, we can see a Head and Shoulders formation has occurred. I'm placing targets at the the last "LH' point which is around the 86.000 handle. If price continues to travel up, we can even see a move towards the...

KreditK

Harmonic pattern has been identified, but this is WAY too early for it to serve as an indication. The only reason I'm observing this movement is because a change of trend appears to be occurring on the 4H timeframe. I will wait for further confirmation (additional LH and LL on 4H+) before consideration.

KreditK

From the long-term outlook, I am still awaiting some price-related resistance at the levels indicated, and then a continuation up. Price broke upwards in a broad view, and appears to be making several retracement at the moment. The possibilities have been presented by the arrows.

KreditK

For the next few days, I will be observing the price action on this pair. I happened to locate a possible harmonic pattern that should complete. If price continues in this "bullish" run that it's currently in, then we can see a short move down to previous levels (after harmonic completion) and then a continuation up (illustrated by the arrows). I was initially...

KreditK

Price appears to be respecting a previous shoulder based upon this "anticipated" Head and Shoulders pattern. If price can hold the current level, then we can see a move up at least to previous HL points.

KreditK

Here we can see a long-term bullish play for oil. Price has broke to the upside to create a new HH and HL, it's currently retesting the most recent "HL" and if it holds we can see a move up to the extensions for targets. This trade can make for a great Risk:Reward. Stop: 88.6 Targets: 127.2, 161.8 R/R 1:3.15/1:4.5 Stop: 100.0 Targets: 127.2, 161.8 R/R 1:2/1:2.75

KreditK

The Hang Seng Index has been on a rise for quite some time. Price has broken past the last major LH and is indicating an uptrend now. The ascending triangle has been broken as well so I believe price should eventually rally towards the extensions as targets.

KreditK

Silver has broke out to the upside and is now continuing a retracement down. I'm expecting the long-term trend line to hold and for price to continue bullish towards the 1.272 and 1.618. Structure is exhibited by the arrows as well. Additionally, I will try to post more short-term ideas as I know there could be a great variance between short-term and long-term...

KreditK

I happened to stumble upon this pair, thought I had it marked up already.. Regardless, we can see that price retested previous levels around the 82.000 handle and is now heading lower. There are 2 possible scenarios. First being price makes a short retrace to hit the level indicated by the blue line and then falls lower to the fib extensions. The second play is...

KreditK

Possible Play. Analysis to the downside will be invalidated if price breaks and closes above the 9.47 level. We can anticipate a short-term swing up to previous forms of structure and then a fall down.. Solely going off of market structure anticipations.

KreditK

Price followed suit perfectly as to my previous prediction. We can now see higher highs and higher lows becoming established. I'm anticipating a drop down to the 1.55 handle/3rd touch of the trendline and then a push higher. Rules of engagement - After confusing myself with endless forms of strategies and techniques, I found the "simple" approach to be most...

KreditK

Can we anticipate a long term short? As we can see, the leg down to the left of the chart broke all existing forms of support from years prior. Price then retraced and made a break below, close below, under the last LL. Now price is climbing up. We can see already see strong rejection of 1.55-1.60 levels to the right indicated by long wicks. Price will continue up...

KreditK

Same Idea as the other Euro pairs. Price broke out of trendline and is expected to retrace followed by a continuation up. A retrace to the weekly resistance now support level would be ample, but I will be monitoring price on Daily and 4H charts. I will be posting an additional observation I have made from the Monthly standpoint for this pair.

KreditK

Price should retrace back to previous levels of structure and then continue up. If we go off of a macro (Monthly) play, we can see that price has continuously rejected the 1.35/1.36 level and bounced off. This should indicate a long-term swing higher. I'll be watching the EUR pairs. My previous prediction didn't play out (to the downside) since I didn't observe...

KreditK

Short and then long. Higher time frames indicate a breakout of a range, and price is bound to continue higher. For a safe play, price should return to the blue line indicating the 118.000 handle and then continue further up. Target is 127.000

KreditK

Continuation trade. Price reacted off of previous HH and is now looking to go north for a long-term play. It's possible for price to go down a little more for a trendline bounce, but my targets are at 1.272 and 1.618 extensions.