Moipone_Phakisi

Moipone_Phakisi

Gold rallied on friday when it assumed its safe haven status due to the mess that is happening with the banking system at the moment. But now it is finally pulling back to give us another chance to #buylow. Give this trade signal a chance but practice good risk management. Enjoy :)

Moipone_Phakisi Updated 

Please do not short EU unless this H1 demand breaks. The bulls are strong here and targets are in H1 supply - a zone where price left in such a rush it created a strong bearish impulse. Where it is headed there to pick up those orders before it falls again or whether H1 supply will break remains to be seen. But for now, please rather long as confirmations for...

Moipone_Phakisi

Here we go again with gold. What a stubborn little metal it is. But we are going to short it. Honestly there is just way too many confirmations for us to do so. That Double Top target nicely lands in a zone of H4 demand and that should give us. But if you are not aggressive I suggest you wait for a break and retest of the neckline -i.e the support I have...

Moipone_Phakisi

So I did a thorough Top Down Analysis on EURNZD and ended up with this beautiful Head and Shoulders Pattern on H1 TF which has already been confirmed with a break and retest of its neckline. Do not miss it. Remember to always think risk before reward. All the best :)

Moipone_Phakisi

I haven't traded NAS100 in a long time but I was curious what it looked like when I saw US30 was ready to short. So here is a bearish continuation giving us a sign to short after price melted and created a strong H1 supply. The bears are truly strong here. Go short and use good risk. All the best.

Moipone_Phakisi

Gold has been rallying to the upside and the momentum has been rather strong. It looks like it is now finally pulling back or perhaps this is officially the reversal? Either way, targets are in the extended bullish rally demand zone created when it pushed up. Good luck and use good risk management.

Moipone_Phakisi

US30 continues on its downward momentum after it corrected. A break and retest of a bearish continuation pattern is giving us a clear signal to go short. If you take the signal use good risk management. Good luck.

Moipone_Phakisi

The bulls are still strong here. This momentum to the upside will likely continue in NY session. Any movement to the downside is just a pullback so please do not get trapped. Use good risk management and enjoy. Good luck :)

Moipone_Phakisi

I am also long on Dow Jones - as usual please wait for confirmation in the form of a break and retest of bullish pennant. My motto has always been "no confirmation, no trade." it has saved me from being too early to the party many a times. All the best :)

Moipone_Phakisi

I am looking to long GU on break and retest of the bullish flag to the upside. There is a strong support structure below the flag which if broken price will go onto to retest H1 demand - this however will only be a correction to the downside because when all things are considered from Higher TFs, GU is looking bullish right now. Mondays can be tricky. So collect...

Moipone_Phakisi

BTC fell to H4 demand as per my earlier analysis. Now I am seeing even lower targets being reached should these strong support structure zones on daily and weekly TF continue to break and with the strength of the dollar index as extra confluence. The pullbacks will of course be there. Price does not fall in a straight line. I am still holding onto my earlier...

Moipone_Phakisi

EU deserves some spot light too. My bias is clear and confirmations are perfectly aligning. We know that DXY is bullish and we know that DXY and EURUSD are perfectly negatively correlated. Confirmation for this bias - rising wedge which has broken out to the downside and a double top with a broken and retest neckline. Structure zones are for your stop losses...

Moipone_Phakisi

EURAUD is bullish. Currently we have a bullish continuation pattern that just needs to be confirmed with a textbook break and retest. If you are patient enough to wait for this confirmation you will enjoy this bullish ride as shown by the target while trailing SL as price creates HLs on its way up. The basics of TA make trading simple and fun. All the best and...

Moipone_Phakisi

DXY is bullish and GOLD is bearish. The end...:D Ok we have an ascending channel with a broken and retested diagonal support. Price is now stuck in a horizontal support structure which when broken, targets will lead firstly as per the red arrow indicates and ultimately to break the daily low. So if you are not already shorting Gold like I am, - (they don't call...

Moipone_Phakisi

There is really not much else to say about this chart. My ultimate target for what still appears to be a downside correction of BTC is still in H4 demand. We now have a new H4 supply which is of course indicative of the strength of the bears presently. We have a break and retest of an H4 bearish continuation pattern and a diagonal resistance trendline continues...

Moipone_Phakisi

I have been shorting bitcoin since a week ago when a Lower High was created on H4 TF and I will continue to sell it until it gets to H4 demand - at least. Whether this is a correction to the downside remains to be seen. But for now I am sure we can all agree the bears are strong here. If you are not selling yet wait for a break and retest of H1 demand to confirm...

Moipone_Phakisi

The dollar is generally strong right now. There is no denying that. But it is way too high to be buying it right now without a pullback. If this GU setup is just a correction to the upside then let us use that H1 supply highlighted to confirm longs. Patience pays. Good luck and happy trading.

Moipone_Phakisi

GU is also preparing for a nice pullback to the upside. Now we just need some volume in the market to push price to break highs. Then we wait for pullbacks and HLs and we buy. This is will remain my bias until I am convinced otherwise. Long at your own risk and please use good risk management. All the best :)