PeNuel2020

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) I posted some chart analysis on Gold when we sold this precious yellow metal and made good profits. Thumbs up to those that went with us on it. But here is what I can see on the Wk1 time-frame. The D1 time-frame is too busy with a lot of whipsaws of candlesticks as price struggles...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) I posted a chart analysis on how GU will buy from key support but unfortunately, we had to wait for some days before we saw that bullish move come through. Here again is a pattern\ of key interest spotted on GU. It is called the falling wedge pattern . A Falling Wedge is...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) I posted a chart analysis of a multi-months support hit recently by EU and that it was possible we saw a quick buy rush and we did. Furthermore, in this analysis, the main price action pattern of key interest here is the falling wedge pattern. A Falling Wedge is generally...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) The sell pressure came through at a good time. Simple daily price action helped out with analyzing and speculating that, as mentioned in the previous analysis on UCAD. But, we can see a nice Head and Shoulders pattern forming while our sell bias is ongoing - interestingly, it will...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) As you can see, we're still milking the profit on a bullish campaign given by this harmonic pattern earlier mentioned days ago (By now, you should have taken partials and have SL at entry to BE). The profit made so far is great and we're glad!! Here is an inverse head and shoulders...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) It appears our symmetrical triangle wants to break the falling top. If we get a breakout upside, that will invalidate our previous sell bias. Please keep an eye as ***JPY pairs are rising across board. Trade what you can see not what you anticipate or hope for. Above all, stay...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) This a clearly a descending triangle/wedge pattern - falling top and bottom - that has broken out. But looks like the retest has not been done @1.385. However, if we see any pullback to that price we buy hard to TP @1.405 and then see if price rally just above that. That allows for...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) I gave a analysis on this pair recently but got taken out as a result of a fakeout. My buy bias later came and I made my profit! Now again, we have a sell bias lurking around the corner, provided this is a fakeout as marked on the chart. Just wait for the retest and watch out for...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) We can decide to go short on UCAD based on the following: - The price @1.125 is a key S/R level and price has broken and closed below it on Friday and opened below it today; - CAD is strengthening across board as a result of the fundamental release on Friday and that can drive UCAD...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) It is usually difficult and quite challenging to go with analysis on Mn1. But, as a swing trader, it is the first chart I want to see, so I can break it down to lower time-frames like Wk1 and D1 for clear price action and then H4 and H1 for entry. Here is what my monthly outlook...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) I had to revisit this analysis and conclude on something more valid and convincing. Here is my submission on the fact that it will likely sell hard as shown: - This is more of a symmetrical triangle - a typical trend continuation pattern; - The trend that ushered in the triangle is...

PeNuel2020 Updated 

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) This is the daily price action I can best spot. I want to see probably a third bottom within the triangle consolidation so I can have a better buy opportunity. Or if we can see the breakout already soon, not necessarily a deep selloff before a buy. Whatever happens, the best and...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) Here is a typical "bullish crab harmonic pattern". Although, this may be very glaring and have been analyzed on H1 or H4, what matter is that if you will take the trade, consider using appropriate risk and see how it pans out. Any pullback can be considered as a possible...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) Here is a typical "bullish crab harmonic pattern". Although, this may be very glaring and have been analyzed on H1 or H4, what matter is that if you will take the trade, consider using appropriate risk and see how it pans out. Any pullback can be considered as a possible...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) Here is a typical "bullish shark harmonic pattern". Although, this may be very glaring and have been analyzed on H1 or H4, what matter is that if you will take the trade, consider using appropriate risk and see how it pans out. Any pullback can be considered as a possible...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) Here is a typical "bullish crab harmonic pattern". Although, this may be very glaring and have been analyzed on H1 or H4, what matter is that if you will take the trade, consider using appropriate risk and see how it pans out. Any pullback can be considered as a possible...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) I showed this in one of my previous posts that EU will bounce off this multi-months trendline support. It is just the way it is in this chart analysis. All we just need do is to get in while the time is early. Buy @1.1790 Buy limit @1.1750 SL @1.1690 TP is open (according to S/R...

PeNuel2020 Updated 

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) PRICE HAS COME TO RETEST THE BROKEN UPPER CHANNEL AS RESISTANCE. WE NEED TO SEE SOME MORE REJECTIONS ON H1 AND H4 TO ADD UP TO D1 OVERALL REJECTION BELOW @1810/15 TODAY AND POSSIBLY TOMORROW, SO WE CAN BE MORE CERTAIN WE CAN KEEP HOLDING OUR SELL POSITIONS. GOLD - SELL 1 @...