TishKunife

TishKunife Updated 

It seemed like the EUR$ has found temporary resistance at the $1.1900 level The general trend of the pair is downward. But for the month of June the pair made a significant rally until it eventually ran out of steam. Some significant selling occurred on the very last day of the month signaling that the sellers have entered the market/could very well be profit...

TishKunife Updated 

Hey There! I hope y'all been having a successful trade week. I started off the trade week on a bad footing as my GBPAUD trade didn't play out as I wanted it to. I definitely realize the importance of price action and that not in ALL case the "set it and forget it rule" applies. Now to the topic at hand. I have been keeping an eye on GOLD for the past couple of...

TishKunife Updated 

Hey There! Welcome to another new and exciting trade week! If you haven't started following me, please follow me, its free to do so :-) Hit Like and Share with your fellow Trader Friends/Acquaintances. I have decided to take another long opportunity on GBPAUD. This time I will be playing the support at $1.83400 right at the trendline. Will we find buyers at this...

TishKunife Updated 

Hey there! I am looking to play into the past resistance now turn support at the $1.85000 handle. We can already see that zone is definitely an area of interest as both bulls and bears battled it out on yesterday's candle. The sellers were able to make a session low at $1.84500 but buyers quickly entered the market and record a session high at $1.8630, the...

TishKunife Updated 

The bulls seem to be running out of steam after several attempts to break above the high at 1763. Even though the psychological level at $1,800 is looking much in reach the momentum is just not there to get it to that level as the sellers have re-entered the market. With that being said we still have to turn our attention to the economic front. We’re beginning...

TishKunife Updated 

A classic and simple technical set up-Playing the 50% Fib Level at $56.95. Pivot Point is $57.11, if we can hold below this level, especially because of the fundamentals that came out on 11.14.19, we might see price revisit $54-$51. My long term TP is $47. I will monitor the trade by keeping up to date with the fundamentals. Stay tuned for updates. Remember...

TishKunife Updated 

On the daily chart I already have one solid confirmation that there's a reversal happening right in front of our eyes. The pair has broken out of its downtrend as we can see on the chat after find support at the $1.0880 level. It has already retested the broken TL and price failed to close back below the TL. Now that we had a run up to the psychological...

TishKunife Updated 

I can't help but notice the huge potential H&S pattern that has been forming on the pair ever since it found resistance at the $1556 handle. Friday's bull trap that saw price ran up to $1518 only to get a quick rejection of that area lets me know that sellers aren't ready to roll over without a fight. The rule of thumb is to wait for the confirmation bear...

TishKunife Updated 

I cannot resist this sweet plain vanilla technical set up on the monthly timeframe. A bullish flag has formed and I am licking my chops! The reason is because if price breaks out of this formation then we might get some momentum to the topside. Taking the measurement from the length of the pole the reward could potentially be massive, though it may take a...

TishKunife Updated 

My previous trade set up was conservative with setting my entry at $1,535. I went back to the drawing board and I have come up with this idea. This is a pure technical set up and the fundamentals could change the outcome, whether it be favorable or unfavorable. After the pair broke, retested, and failed to close above its upward trendline, price has now found...

TishKunife Updated 

I would be very interested in shorting XAUUSD if it retests the $1,535-$1,545 region. This area would give us a high probability trade set up. Even though in my previous Gold analysis I noted that price got rejected at $1,519, but $1,535-$1,540 is right at the broken TL, and seem to be an area of significant interest. Based on back testing I've done on the pair, ...

TishKunife Updated 

It seems like AUDCHF has found its bottom at the psychological level of $1.6500 when buyers came in at this level and pushed price up to $1.6800. It seems like this pair loves its 00 as price is now dancing around 1.6700. Even though the trend on the long term TFs are down, I have already started to see a slight shift in trend on the H1 and H4 to the upside. Based...

TishKunife Updated 

GBPAUD has found support at the $1.81520 handle which lines up perfectly with the 38.2% Fib Level. This is the second time it has tested this level since breaking to the top side. Support is confirmed as seen by the Doji candle. The overall structure on H4 is an uptrend. It only makes sense to go with the trend until it bends! I will be keeping an eye on...

TishKunife

Gold is a hard trade set up relying solely on technical analysis as the price movement is largely driven by fundamental analysis. In trading the precious metal, one has to be keen on what is happening on the global economic front, specifically with emphasis on the US economy. We all know that when the US sneezes the world catches a cold! After all, the most price...