PpetroeR

PpetroeR Updated 

The daily chart is currently testing 4h supports zones which can form a reversal. In the higher frame, we remain bullish, but the price must do a weak correction at usual levels. We can see that the price forming a bearish pattern on 1h, right now.

PpetroeR Updated 

There are several factors that are causing platinum to be much cheaper than gold at the moment. Chief among them is the expected decline in demand for the metal, due to the decline in diesel car sales in Europe, mainly because a significant part of metal consumption is related to catalytic converters used in diesel cars. The depreciation of the dollar is another...

PpetroeR Updated 

This time, the chance is much better, we've got enough conformation to trade it.

PpetroeR Updated 

Only up and up. We have reached a suitable place for correction, on a daily time frame. I think there is a pretty good opportunity for Selling from this level.

PpetroeR Updated 

This idea of ​​mine is a kind of continuation of the previous one, which you are familiar with - from December 1st/on a daily chart. As we expected, there is a good upward momentum. The R:R ratio is very good and after the correction, this is one of the swing levels according to technical analysis, where we can enter purchases. Yes, this is the risky entry, but if...

PpetroeR Updated 

Good pattern is forming. Although, I'm still bearish, may try a trade!

PpetroeR Updated 

This is a personal project of mine that will consist of 10 trades in a row, specifically for this instrument, based mainly on 5 and 15min. time frames. There will be no fixed TP or SL, but I will watch for a certain formation of candles + 2 indicators. When closing the short position, it will be noted in the idea. The usual duration of 1 trade could be between 1 -...

PpetroeR Updated 

This is a personal project of mine that will consist of 10 trades in a row, specifically for this instrument, based mainly on 5 and 15min. time frames. There will be no fixed TP or SL, but I will watch for a certain formation of candles + 2 indicators. When closing the short position, it will be noted in the idea. The usual duration of 1 trade could be between 1 -...

PpetroeR Updated 

This is a personal project of mine that will consist of 10 trades in a row, specifically for this instrument, based mainly on 5 and 15min. time frames. There will be no fixed TP or SL, but I will watch for a certain formation of candles + 2 indicators. When closing the short position, it will be noted in the idea. The usual...

PpetroeR Updated 

I expect the price to continue to move lower, pending confirmation such as a rejection candle. My goal is support zone around 1.0356-1.0366. It's a major daily and weekly area. too. Good sell options are: 1.04150 and/or 1.04220, If the price moves Up.

PpetroeR Updated 

We are very overbought for SILVER, I think, we should see a good drop of the precious metal. I feel we may see a test of $ 26 area. Strategy sell area: 30.80-31.80, may place your SL above 32.35 and take profit near $ 26.20 or a bit below 26.0$.

PpetroeR

The moment seems right to enter the long market. All are in a Christmas mood and the instrument makes standard movements.

PpetroeR Updated 

Hello traders ,what do you think about EUR/USD? There are two main options for trading, I personally expect the price to rise at least to the specified level 1.080. The other option is that the upward correction at 4h is over and we look for continuation of the bearish movement with the aim of a new monthly LL in the direction of 1.02 and...

PpetroeR

Hello traders ,what do you think about EUR/USD? There are two main options for trading, I personally expect the price to rise at least to the specified level 1.080. The other option is that the upward correction at 4h is over and we look for continuation of the bearish movement with the aim of a new monthly LL in the...

PpetroeR Updated 

In general, it seems that on the daily and weekly chart after the end of the First Bullish impulse with a top of 07/17/2023, the price as a Second impulse forms a Bearish ABC pattern. As the Last Third part of it starts on 25.09 at the peak of 1.1214. As the most attractive areas for its End, we can define the following Levels: 1.060; 1.040; 1.020; 0.9980.

PpetroeR Updated 

I believe we are extremely close to the start of a new Extremely Strong Uptrend. Our first target is a break of 1090, so I don't put other less important TPs. I wish you good luck!

PpetroeR Updated 

Today we see a first attempt to reverse the current bearish trend. We have a breakout attempt on the 2 hour frame. It is worth trying Buys, for SL we can choose a value around 900 (880 conservative)!

PpetroeR

As we can see from the weekly chart, the 30-month bullish trend that started with the formation of the Cypher pattern reached its 3-in-a-row main profit-taking zone and the eventual reversal of the movement. From here on, we watch Daily for the main move to run out and tracks for the upcoming down move.