USOIL MARKET BREAKDOWN Last week was the stuff of dreams with USOIL pulling through for insane pips, GOLD pulling through for insane pips and GBPUSD giving us a modest bag! As stated last week were are simply following the USOIL down trend and it's working out nicely so far. USOIL dropped down to our bottom zone before pulling back, we did try to long this but...
USOIL MARKET BREAKDOWN USOIL had it's bullish pullback last week which took full advantage of and we now have a nice little trade running. Someone left a comment on my last post asking if it was possible to drop straight down instead of pulling back, this was a great and valid question. This person was correcting in mentioning that and my simple answer is plan...
GOLD GOLD is still bearish overall and it's had a midterm pullback which was expected and the zone has been called to perfection (check our last breakdown). There are bearish signs from this level but there is still buying influence. DXY is still climbing and looks bullish in the mid term so GOLD should carry on with a decline. I see us pushing into the 1800s...
Hello everybody, hope you're all well and welcome to our weekly market breakdown We missed out last week due to being away for sometime but all our members were given a PDF to follow during our time of absence. Now USOIL is showing it's true bearish form and this has been the case for a good while now. Last week I expected USOIL to close the gap before making...
The above chart is USOIL on the 4hour and this should be the primary focus for the next two weeks. As stated in the last breakdown USOIL made a V SHAPE recovery which was bullish and sellers have failed to make a 100% retracement. We now have a gap close to the important zone of $104.60 and we can bet if price comes back up to this level to fill the gap it will...
XAUUSD MARKET OVERVIEW: GOLD fell lower this week up until DXY found it's reversal point and began a deep retracement. GOLD has much lower to go but I believe it's started it's correctional pullback from the sell off last week. I will be interested in a long from a nice dip on market open next week. If we can get a long position I will target the $1745-$1752...
USOIL MARKET BREAKDOWN: USOIL started this week off and members knew that this was coming but I anticipated higher than the string supply/demand zone of 104.60 which has been a key point for USOIL in the past few months. Right now I see the follow, a "V SHAPE" recovery which is usually a bullish sign but also sellers have failed to make a %100 retracement of the...
Simply does it; USOIL followed our last breakdown perfectly and turned very bearish below $107.90. We stated weeks before it happened and even called the reversal from the $121.00 to the current levels. Look back through our posts and you'll see that we have been calling for the $80-$90 for a while now and it's starting to come through. No one agreed with our...
FIRST THINGS FIRST; I DON'T CONTROL THE MARKETS, YOU DON'T CONTROL THE MARKETS BUT THEY DO. STOP GETTING EMTIONALLY ATTACHED TO TRADING AND LOOK AT THE CHARTS FOR WHAT THET ARE. WHALES CREATE THE WAVES AND WE JUST RIDE THEM, 3 TRADES TAKEN THIS WEEK AND 1 LOSS. AS SOON AS A LOSS COMES ALONG YOU BECOME THE MOST HATED PERSON. GET YOUR HEAD OUT OF THE SAND AND...
Bitcoin tested the phycological level of 20k and has found a temporary support floor. There is now billions of realised losses in the crypto space as everyone who was greedy and didn't scale out their profits. The markets is now being led by emotions and the whales are about to play on them big time. I see Bitcoin having a short-mid term retracement in the coming...
Good evening everyone; We stood off WTI this week and let it run it's course, we got caught out a few times last week trying to take some trades but they don't always work out. WTI has completely broken it's short to mid-term structure and I only think thinks it's pulling back due to weekly closures. I believe that WTI we continue bearish but the overall bullish...
On our breakdown we said we'd be looking for shorts this week and that's exactly what we did with this gem. Perfect entry and into instant profit, we told members we expect a pullback first so this move in the market didn't come as a surprise. We will be holding this trade to just above the major support region. DON'T MISS OUT, FOLLOW THE LINK BELOW
USOIL- USOIL had a slow problematic trading week with low volume causing consolidation which was followed by quick spikes. This will be USOIL way of movement for awhile as at these levels it's vastly untested. Notice the blue box, USOIL is sat nicely in this region and it's floating around the resisting trend and mid trend. USOIL needs a move lower and 114.63...
Good Morning and happy Sunday; Long time no see for all our non-members but we hope this idea finds you well. It's time we start looking at WTI on the larger time frame to put things in perspective and so you can really see the magnitude of what is happening and what is going to happen. Over the past 5 weeks we have been limiting our USOIL trades and I want to...
US OIL MARKET BREAKDOWN USOIL returned higher as expected but before hand it dipped lower than expected. Things got a little rocky at the start of the week where we original longed at 103.60 which took us out fairly quickly. USOIL dipped even further and we were able to enter at 99.20 and then exit our trade at 109.00 around 6 hours ago for a massive 980pips...
GOLD - OUTLOOK We have been calling 1823 on GOLD since 1900s and this week was the week. Gold still has a lot further to go before mass buying orders appear on the charts. To understand this move in full please read the financial warfare post we created a while back. In short: Russia responds with their own sanctions Tensions worsen Financial damage from covid...
USOIL moved volatile today with rallies to highs then a 400 pip pullback, Tensions in Russia are still raw and Ukraine have begun attacking petroleum sites on Russian soil which is a very brave move. The fall today was influenced by the DXY reversal albeit it isn't 100% influenced by it. I mentioned weeks ago that $185 dollars a barrel is my target for USOIL and...
GBPUSD - OUTLOOK GBPUSD has simply responded to DXY movements and it will stay this way until after the HIKE RATE, please read the DXY post as this will help you understand this post. GBPUSD still has room to dip further and I expect another dip before we have a bullish impulse. It's a waiting game and we need to wait for the HIKE RATE dust to settle before we...