VIP_Trading_Technologies

VIP_Trading_Technologies

Hi guys, The purple line below comes from 2015 low so I expect to be a very strong support. We are being supported by the descending trendline support of the channel as well as the blanc and red supports drawn in the chart. In the event that it fails to hold we will have the purple support and after all the correction it looks like it is about time to reverse....

VIP_Trading_Technologies Updated 

My target remains unchanged as long as we continue trading inside this descending channel. Fundamentally speaking it seems well supported too but should the UK starts hiking interests it will be a completely different story. Mind that UK has plenty of Covid cases again, over 40k new cases daily. Cheers.

VIP_Trading_Technologies

Today we had a new failed attempt to break out above previous high and I would not be surprise to see yet another attempt. I'm more inclined to persist on shorting at 157.35+ but with a tight SL (or partial hedge as I prefer) as the 160 area seems to be acting as a powerful magnet after the comments from UK in regards of incoming rate hikes. Cheers

VIP_Trading_Technologies

Hi fellow traders: Here's my view on this pair but I have to admit that i am not so convinced on reaching the target this time because of some biased fundamentals in regards of the USD. CAD is performing good due to the high oil prices so I would not be surprised to hit the target. HS pattern seems in play so it will support the strength of the CAD as well. I...

VIP_Trading_Technologies

I think it is time to go up a little bit, perhaps sideways at current levels and then fundamentals will help us to decide its continuation. So far some of my longs were triggered at the BLACK line and protected at cost. PEACE of MIND.

VIP_Trading_Technologies

Dear Fellow Traders: Today I would like to emphasize the fact that we have been going up for 8 consecutive weeks, 2 months, with no red candles in between. That is very unusual and as I mentioned in another post it happened only once in history with a record of 9 candles of the same colour in a row. Being said that and looking at the chart I see the next...

VIP_Trading_Technologies

Correction should be reaching its target very soon, in fact it bounce at the red support line. Failing to hold we will have a long term trendline and the previous low at 1.54242 Cheers

VIP_Trading_Technologies

1800 USD psychological barrier and trendline resistance held the news and now we are pulling back nicely to the blue line. Cheers.

VIP_Trading_Technologies

Hit the resistance trendline and we will bounce from here. Bears are still in control but some pips are wanted :)

VIP_Trading_Technologies

Self explanatory SHORT CALL for those interested. Resistance of ascendig channel hit. Cheers

VIP_Trading_Technologies

We have hit previous high and therefore I expect some pull back at current levels. Cheers.

VIP_Trading_Technologies

Hi folks. A new descending have been spotted and after failing to bounce at the support (see red line) it all points to a further correction to the circle target (or black line). We should bounce from there very sharply IMHO. At the time of writing we are sitting at a small support 1.6435. Cheers.

VIP_Trading_Technologies

After a small correction to gain further sttrength, I think we are going to hit my target at last. We remain inside an ascending channel and therefore take positions at the trendline support/resistance. Cheers.

VIP_Trading_Technologies

Good morning everyone. This pair is making fundamental moves that are driving me crazy at the moment. The current range for the past 3 months is 1830 to 1720 more or less and being said that we could expect new retest of the resistance at 1834 level. On the other hand we have a resistance trendline at 1800 that will determine the future of gold. I'm trying...

VIP_Trading_Technologies

Hi guys, we had an inverted HS pattern completed, followed by a current HS pattern that seems to be perfectly doing the bearish outcome. If the pattern does its usual move we should expect the price to reach the target in the coming weeks. Let's see how this plays out. In the long term I am bullish on this pair.

VIP_Trading_Technologies

Hi guys, we hit finally the long term resistance trendline and therefore we could expect some pull back at this level. Breaking out the double resistance could send prices to retest the all time high at 64k. Remember that we are currently in an ascending channel inside a longer term descending channel. Cheers

VIP_Trading_Technologies

Well, it looks like bulls are trying to consolidate the gain terrain above 80 but International pressure to send oil prices down seems to be growing very hard and it may end up with this price manipulation. Anything above 80, in my very humble opinion, it is unsustainable and short lived due to growing pains in the global recovery. Only for that reason I am...

VIP_Trading_Technologies

Just follow the trend. So far the drawn path has been working flawlessly. Cheers.