Rendon1

Rendon1

I´m expecting that FED will keep the rates today and GOLD will be bought as a inflation hedge due to this reason. If you want to trade this idea, you can buy now at 3390 and target the red lines. TP partially. During publishing an idea I´m considering not just fundamental, but also technical analysis of the chart. The reason that my chart is not full of indicators...

Rendon1

I´m expecting massive breakout of this pair on Friday due to US (and CAD) NFP. If you decide to trade this pair, you can enter now at current market price 1,38218 or wait for premium-rejection zone at 1,39300-600. Personally I will use the 1. option and average higher if market let me. Use logical size to trade this idea. Every red line is a rejection zone, so TP...

Rendon1

Hey traders, this is a fundamentally and technically based idea. I´m expecting a weakening of USD due to actual US goverment policy. Important weekly lenel 100,600 was broken and holding. If you decide to trade this idea, you can enter now at current price 99,358 and hold till profit lines. TP your trade partially. You can consider averaging at 100,600 instead of...

Rendon1

Good morning, I´m expecting that Nas has bottomed and it will start to climb as shown in the idea. If you decide to trade this idea, you can enter now with smaller size or you can wait till 20069 will be tested. In the second option, entry is safer, but also the chance to miss the trade. I´m expecting that today the "follow up candle" will be bullish. Price got a...

Rendon1

I´m expecting GOLD to climb due to yesterday sell off and coming GDP data. Black lines are important zones, Watch out especially 33 where there is a big activity of market participants. TP always partially at TP zones(black lines). At 2905 you can average your trade if you wish to. Good luck. P.S. I´m not a signal service, do not selling anything here. If you...

Rendon1 Updated 

This idea is based on potential reentry long in the GOLD demand zones. Targets are 2868-point of control, where MM trying to trap retail traders and produce liquidity for potential longs. Second target is 2880-the top of the "manipulation zone". If you decide to trade this idea, do not enter blindly. If you have enter at 52, do it with smaller size, maybe you will...

Rendon1 Updated 

This is my plan for next week on Nas. I´m suggesting to buy in the 4H demand zone(blue rectangle) in confluence with the "discount zone" of the daily range. Do not buy blindly on the entry line. Wait for a retest of the entry zone, combined with a bullish volume spike(cumulative delta). Monitor lower TF for entries like 5-15-30M. If you are beginner and don´t know...

Rendon1 Updated 

I´m suggesting to monitor mentioned levels for the entry. Gold can fall even deeper(2675-78) so don´t hurry up with entries. Wait for a reaction, do not trade the action. If you decide to trade this idea, look for a retest of the entry zone, then enter and set your SL. TP your trade partially as always. If you are beginner I used to update my trades when-if entry...

Rendon1 Updated 

As it looks now, GOLD will pullback to 55-62 level to close the 4H gap from Friday. There is 30% chance for GOLD to test this level and it is the best case scenario (for the entry). You can enter even higher with a small size. When reaching the 2800 level, there is a possibility triggering of SL clusters positioned above the ATH, so price can climb further(2830)...

Rendon1 Updated 

As it seems on 1D chart, many retail traders are trapped in sells and the bulls will most likely target these orders. Especially in case of lower CPI (monthly core 0,1 and below). Expecting very volatile session after the CPI, so be careful with sizing. TP your trades partially at the green lines. Wish you good luck.

Rendon1 Updated 

I´m expecting a strong reaction on US CPI today. It is challenging to predict the readings but I think, it will be most likely lower than forecast. Personally I´m expecting 0,1 monthly core CPI due the strong USD. If you decide to trade this idea, you have a two options. Entering before or after the CPI. 20636 test as entry level is possible, but not likely after...

Rendon1 Updated 

Tomorrow we will have FOMC. So today US session can be pretty volatile, because of "repositioning". Be careful with opening new positions and especially with sizing. Personally Im expecting a pause in December and cut 0.25-0.50 in January. Contrary to market expecting 0.25 tomorrow. The reasons are two. Sticky inflation + Donald. Inflation is higher than in...

Rendon1

I´m expecting a BOS on 4H TF which is actually 2656 level. IT HAS TO HAPPEN before you enter to the trade. Otherwise there is no trigger for entry. After the BOS the price should climb back to the 2661 level and this level should hold. Monitor the retest on the lower TF like 1-2-5M, eventually 15M(most likely it is too long). Ehrn price moves in your favour...

Rendon1 Updated 

As it looks now, USDCAD should have a decent pullback towards 1,40400. My plan is to wait for 15M structure break, then monitor the retest on the lower TF(15M, 5M, 1M) and if this retest will hold(CHOC, BOS on lower TF) I will enter to the trade. Do not set SELL STOP orders at the entry line and don´t sell higher(because of better price). Wait till entry...

Rendon1 Updated 

As I´m expecting signifficantly lower numbers on NFP than 200K forecast, my plan is enter now and target 2661. With proper sizing it can be a profitable, however risky trade. TP partially on the way up. Wish you good luck.

Rendon1

Currently, the 4H chart shows indecision on this pair. The key level to watch is 1.061113, which is the price structure that led to the last break of structure. If the price manages to break this level with sufficient momentum, I expect a retest of the demand zone, followed by a continuation upward. However, there is also a possibility that the price will enter a...

Rendon1 Updated 

I´m expecting a major breakout towards 20K or a test of 18473 level. There is a volatility squeeze clearly visible on 1D chart. Personally I think that the first move will be a false one and the market will move the opposite direction, so be careful with the entry and do not FOMO. Try to trade the retests combined with CHOC, BOD on lower TF. If-when entry...

Rendon1 Updated 

As it looks now we need a big correction on indices. The most important level - "point of control" is actually around 20211-20250. This is the ideal entry point to re-buy Nas. BUT, DO NOT ENTER BLINDLY on the entry line. Wait for a retest. Today is Friday, so TP phase can send price very deep. When-if entry conditions are met, I will update this trade. Wish you...