Hi Folks: FX:AUDUSD Target LEVEL has been reached earlier than expected in this pair but since we have not touched yet the bottom I would continue holding half of the positions and place a trailing stop to benefit from extra bucks if possible. All the best everyone. Cheers. ***************************************** Remember, if you liked this idea don't...
Hi Folks: Today's data in the US economy show massive inflation never seen in the last 30 years, so that was the reason for the spike who triggered many SL on its way. With massive inflation comes FED rate hikes and GOLD would be dumped for the USD currency. Today with had DXY (USD) flying as well. Spotted this possible ascending channel but I will not rely...
Hi folks: Here's a fresh update on the previous idea on TVC:USOIL . Today's EIA report was the main driver for the rally, breakin out the two projected descending channels. It doesn't look really good this call but will stick to the plan and hedge partially above the previous high at 84.90~ Weekly resistance is located at 84.70 so should be good for the moment. Cheers
Hi Folks: The previous idea seems to be about to fail due to market tighten and worsening fundamentals and therefore I will hedge partially my positions if the idea fails (unfortunately it looks like that). There are no further resistances till a possible double top and the weekly resistance at 87.5+ International leaders are strongly asking OPEC+ to increase...
Hi Folks: Here's my idea on this pair FX:EURJPY . The idea was almost hit by SL but still valid so far. With a bit of imagination you could spot a possible CUP and HOLDER pattern with BULLISH outcome. First things first, avoid the SL and close above the previous high. Cheers. If you liked this idea, kindly support the free charting by clicking LIKE and...
Hi Folks: We have had a slight (false?) breakout of the all time high resistance trendline and I believe we are about to pullback from 1835 level as in the previous 3-4 attempts. Failing to do so we could have another resistance at 1860 level and nothing else till 1916, previous high. My idea remains unchanged at the moment and my protection (partial hedge) is...
Hi Folks: I am not so convinced of this idea because of the weakening of the USD in the past sessions, specially after FED Powell comments. I will give a try on this idea with a small position and place a SL (or total hedge) as per the chart. If I go for the hedge I will hold it till the orange dotted line at 32.200 and unhedge from there and open further longs...
Hi folks: Here's my suggestion for the BTC. Spotted a slightly ascending channel (almost sideways) and if it is respected we should pullback from there. There is another ascending channel much steeper that could allow to reach the 80k target as well. I do not trade cryptos but I like to share my view. Cheers.
Hi Folks: Here's my view on TVC:USOIL . As long as we continue trading inside this descending channel the idea would be valid. Let's see the effect of API and EIA data on the current downtrend. Cheers
Hi Folks: Target was quickly achieved and pulled back immediately from the resistance. Current candles show some rejection from the top and therefore we could be facing some sideway movement till forces decide wich way to go. The idea remains valid as long as we continue trading in this range. Cheers
Hi Folks: Our EUR KIWI has been following the projected SHORT CALL and we have closed half of our positions and left the other half with a trailing stop loss (at cost) to ride it all the way down and get some extra bucks. Patience is key. Cheers FX:EURNZD
Hi Folks: Our lovely GOLD has been very shiny in the past few sessions, rallying nearly a 100 bucks/oz in no time. We are currently near a crossroads and failing to break out the current area will result in a nice SHORT sell to the bottom of the trendline. Cheers TVC:GOLD
Hi folks: The idea remains valid unless we go above the red zone. So far we have hit the channel resistance and pulled back. It could be a bear flag. Reversal seems to be not far but there is no confirmation yet and therefore business as usual. Cheers
Hi folks: Here's my view on this pair. With today's NFP & Unemployment data from USA it will send the USD higher and therefore it will send the GBP lower. My target remains unchanged for the time being as long as we remain inside both descending channels. Remember to open trades at the edges of the channels based on Technical Analysis and Fundamentals,...
Hi folks: So far so good. Nothing has changed here. Cheers. Ps: If you struggle or fail with your trades, DM and I will be glad to help you out.
Hi fellow traders: Here's one idea for your consideration. Cheers.
Hi folks BoE has decided to keep rates unchanged and therefore we could see the immediate effect. Cheers.
Hi folks I would like to share with you a couple of opposite ideas and that's why you have to pick up one of it based on your own criteria. BULL pick: We have had a massive correction today and we have reached some kind of temporary floor. OPEC+ will have its meeting tomorrow and the no go to ramp up production could send prices slightly higher even though I...