VIP_Trading_Technologies

VIP_Trading_Technologies Updated 

Self explanatory idea. Unless we trade off the ascending channel edges we should consider trend continuation.

VIP_Trading_Technologies

Price bounced right where the previous "neckline" did (61ish) to the other resistance area (68ish). Price could continue climbing to 69.6 area BUT it will depend on the USD performance after Jackson Hole Summit and BH data (rig count) In OIL I'm not taking any positions in the middle of nowhere, just need to wait for the right entry point around 69.6 to 70.90...

VIP_Trading_Technologies

Hit the target at the blue resistance line and pulled back from there. It really looks like a cup and holder pattern with possible bullish outcome to .68+ area. Cheers

VIP_Trading_Technologies

This 1.07 area has been, so far, consistently a great support for BULLS and capped at .0758. Above that we will hit the descending trendline around .0860+ Longs looking good so far. SL at cost, peace of mind.

VIP_Trading_Technologies

We are not sitting on the support trendline and current candle shows a BULL rejection and therefore we should expect further falling and trading off bounds. Quite uncertain at this point as CAD is quite correlated to oil prices and they have skyrocket from 61ish to 68ish in 3 sessions. On the other hand the USD has softened a bit but all may change abruptly on...

VIP_Trading_Technologies

More or less it's going to my target. Let's see what happens in the next session.

VIP_Trading_Technologies

1.1780 to 1.1785, anything could happen at this point with the Jackson Hole Summit so it all depends on your risk appetite. My trading idea remains unchanged with a final target at 1.11, so the USD will show soon its powerful against most the pairs. In the meantime I'm gonna take a risky move following the resistance trendline and add further SHORT positions at...

VIP_Trading_Technologies

Bulls need to break above 1.1795, bears below 1.1704 again. Mind that Jackson Hole Summit will be a catalyst for next moves with possible hints of FED decision and further strengthening the USD. Cheers.

VIP_Trading_Technologies

I'm gonna try some shorts at this point. Anything above 1815 will open protective longs (partial Hedge) to cover new positions. Next target for bulls 1830 to 1865. Bears are looking for a massive drop due to Jackson Hole Summit that could lead to a whopping 1650 level. Choose your flavor strategy. All the best.

VIP_Trading_Technologies

A stunning engulfing bullish candle shown on daily timeframe on USOIL (WTI) and therefore we should expect a bullish continuation BUT let's focus on today's rally to understand the situation: CHINA: Yes, China was the main catalyst for today's rally after reporting zero covid cases in the country, one of the highest consumers in the...

VIP_Trading_Technologies

Descending channel break out due to a new lockdown in Australia and New Zealand (new imported covid cases). Previous target was achieved much faster than anticipated and current daily candles shows a bear rejection (Shadow) that could indicate some recovery at this point. New target proposed at 0.6991. Possible Long term Head and shoulder pattern under...

VIP_Trading_Technologies

Went straight to the resistance blue line. Probable reason behind it is the new lockdown in Australia due to new covid cases in the country. Cup and holder pattern spotted. Next target 1.6827 after some pullbacks in between. Cheers

VIP_Trading_Technologies

As long as it holds I will hold long positions. Remember that CHF acts as a safe haven when stocks plummet so I'm doing a risky investment here BUT this time I'm using a SL (at cost already) Cheers.

VIP_Trading_Technologies

Current daily candle indicates market uncertainty and therefore we must be cautious. I locked in some profits and awaiting further development to decide whether to hold shorts or open longs. Approaching important support trendline since november 2020. Cheers

VIP_Trading_Technologies

Self explanatory chart. Thumbs down means a resistance area and possible pullback. I do not trade this pair, I'm just sharing some trading idea for those interested based on my technical analysis.

VIP_Trading_Technologies

Falling oil and strengthening dollar boosted to hit the target much earlier than forecasted. Current daily candle is a BEARISH sign, that could indicate a recovery in OIL and the CAD as well. Let's see.

VIP_Trading_Technologies

All the pairs with USD involved will be affected. Cheers

VIP_Trading_Technologies

I remain bearish on the pair with a target at 1.11, but next step is to clear the 1.1612 to gain downward speed. Cheers.