VIP_Trading_Technologies

VIP_Trading_Technologies

Elliott Wave 5 seems to be very accurate. I expect some consolidation around this level before resuming the uptrend.

VIP_Trading_Technologies

We have a possible HS pattern and a resistance trendline from the previous high that could keep price falling in spite of the recent recovery. Unless we close above previous peak and above the resistance trendline I would consider same bearish scenario. A gentle reminder: we are still trading inside an ascending channel though!

VIP_Trading_Technologies

If that scenario occurs we could be soon below 1.57. As long as we remain above the supporting trendline (blue color) we should hold positions.

VIP_Trading_Technologies

Last few sessions were quite boring. No changes in my target.

VIP_Trading_Technologies

I was expecting to reach the circled target but to be honest I was not expecting such a tremendous u-turn on the price. We are still inside a descending channel and if there is no break out we should continue considering to open shorts at the edges of the trendline.

VIP_Trading_Technologies

We are not far from a possible reversal taking into account that current short squeeze was driven by UK fuel shortage due to logistics issue not due to high demand or lack of fuel in the storages. 80.45 to 81.83 are the possible reversal areas. Above that could backfire OPEC's strategy with weaker demand.

VIP_Trading_Technologies

It looks quite a real possibility to hit 34.65 and correct from there back to 32.20 to 31.80 as per Elliot Wave. Clear impulse waves pattern

VIP_Trading_Technologies

Short squeeze continues and forces a channel break out. Probably we are heading to a double top and above. Price is going up driven by UK shortage due to logistics not by higher demand so I expect the price to fall at much faster speed once the correction starts.

VIP_Trading_Technologies

If you look at this chart you will see that we are in a crossroads. Today we hit the resistance trendline of the ascending channel as well as the previous high as per the chart. Some pullback seems appropriate and worth to try but I would not be surprised with current oil fundamentals to see a short squeeze and break the channel to go for the two next resistance...

VIP_Trading_Technologies

Three main areas of support: 1716, 1703 and 1677. Today's candle and trade range, with lower lows, suggests a possible bear continuation to 1716 area, followed by 1703 and 1677. Almost the same movements as seen in the chart with previous lows. Current FED comments and the fundamentals implied are backing up this idea in the long term. Only relevant data from...

VIP_Trading_Technologies Updated 

As long as we remain below the tremendous resistance trendline coming since the all time high, I would rather go short BUT if we close above that, change sides immediately for an important rally to 100+. So far I am only considering short positions from the Technical point of view and worsening fundamentals due to high prices after this global crisis...

VIP_Trading_Technologies

As anticipated long ago and following fundamentals linked to this pair, it was quite an obvious decision to take shorts. In my opinion USD will continue to strengthen against most pairs and that was confirmed today by FED with its QE tapering and forecasting possible rate hikes therefore you know : buy the rumors, sell the news... Gold went down as well because...

VIP_Trading_Technologies

If the head and shoulder pattern plays it traditional outcome we should be heading towards the circled target. We are heading to a previous low and testing the previous resistance trendline. I am expecting some sort of recovery of the EUR vs the JPY but will end up reaching the magnet target (126-125). Yen is also considered a safe haven currency in volatile...

VIP_Trading_Technologies

Since longs won the battle at 1.655 for several times, we had a nice bounce from the support trendline that in my opinion will continue this way to 1.69+

VIP_Trading_Technologies

Self explanatory. 148.529 to be retested and perfect "home run" in this pair, 100% success in all the calls since March this year.

VIP_Trading_Technologies

In my chart there is a relevant support trendline that could be an important bounce area for bulls. With China's Evergrande possible default and the impact on global markets I was expecting the BTC to be used as a safe haven as it used to be the gold or the CHF, but instead price is plummeting considerably. I am not trading BTC but I like to share my charts for...

VIP_Trading_Technologies

In order to reach 1830 again we need first to close above 1780. So far my call was accurate taking longs at 1750. China's situation and impact on global markets are unknown at the moment so you know the saying: "buy the rumors, sell the news". Cheers.

VIP_Trading_Technologies

Today's candle shows again a lot of uncertainties. Traders are hesitating, forces are equally pulling from both ends. This doji like candle suggests more data is needed to decide which direction will prevail. In my opinion it is all about China's Evergrande panic and its consequences on the global markets. Chinese are taking money off the company and buying USD...