VIP_Trading_Technologies

VIP_Trading_Technologies

Triple bottom at 1677 has proven to be one of the key supports for gold. I was expecting gold to hit somewhere around 1870 before the fall (missed by 30 bucks), but current US data and comments from FED changed abruptly gold's trajectory. It seems that possible inverted HS pattern is invalidated at this point and therefore we just need to follow the descending...

VIP_Trading_Technologies

Will the resistance trendline of the descending channel stop the recovery? is the right shoulder going to complete the HS pattern? I always tend to respect channels so unless we trade off the limits and gain some more steam I would probably bet on a correction. If we break out the channel then we will go for a double top at least and probably will head to new...

VIP_Trading_Technologies

Charts don't lie! Just follow them, trace lines, channels, support and resistance levels and you will have pretty much all the data to have a successful trade. While others were saying price will go down, I proved that channel will act as a support and will bounce from there. So far long from 1.0720 are proving to be very healthy and lucrative. Cheers.

VIP_Trading_Technologies

I have adjusted the descending channel and that's another possibility to take seriously into account. In any case the uptrend to 46.5k seems quite sure and then we will see once there if the steam remains intact to hit a new all time high or at least a double top, or if bears take control again and make the HS pattern to fulfill its mission to 17k. All the best...

VIP_Trading_Technologies

we are still moving inside a descending channel in spite of the bull's efforts to regain the 70s. I remain bearish with the same target in sight. Bears need to break below current levels to go all the way to the next support around 62.5$ Bulls need to consolidate above 72$ and break above the descending channel to head higher, something that looks quite tough...

VIP_Trading_Technologies

On the daily timeframe we have few candles trading off limits (decending channel) and therefore we could see a new impulse to new all time high. On the weekly timeframe we are trading slightly off the limits but would not be enough (yet) to consider it a break out. The possible HS pattern may not happen unless it starts to pullback, otherwise we need to assume...

VIP_Trading_Technologies

I was expecting a rally since I opened longs at 29.90 but I think it's time now for some correction. I ran the rally but I did miss the inverted pattern that would have made me more confident on the run. Let's see where the correction leads us but somewhere between 32,50 to 32,60 would be ideal. Cheers

VIP_Trading_Technologies

After hitting our previous target it went straight up and most probably will hit the resistance trendline and will reverse forming the right shoulder. If that is confirmed then we will head to 139.7xx area.

VIP_Trading_Technologies

So far it is following the drawn path with quite an accurate move. Today's data helped a lot to confirm the reversal and now we are heading to 1.1704 and breaking below it will open a new amount of trading opportunities for bears.

VIP_Trading_Technologies

Interesting area: top of the resistance trendline vs correction time. My bet is for a breakout and to start climbing again to the blue resistance 0.95573

VIP_Trading_Technologies

Just few pips away to retest the previous high and then a correction to 32.60 area. Rode this rally from 29.90 :)

VIP_Trading_Technologies

Time to fly from here? If so we will have great weeks ahead with plenty of reversals in most pairs, commodities, etc.

VIP_Trading_Technologies

As forecasted weeks ago, the price went up to the resistance line and corrected. Price will resume its uptrend after this double bottom at mid 89. Great opportunity for swing traders. Grab your greenbacks and hold'em for long. Massive profits ahead.

VIP_Trading_Technologies

Self explanatory idea. In the previous push we miss the target by some pips and now it is pulling back again. Let's see if it bounces at the support trendline and follows our drawn path

VIP_Trading_Technologies

Another great call on this pair. Just few pips away to hit an important resistance level.

VIP_Trading_Technologies

So far so good. HS pattern still in play. It is taking some amount of time but we will get there in due time.

VIP_Trading_Technologies

It looks like price is heading to 105-104 (see black circle with yellow background). Certainty of 65% vs 35%.

VIP_Trading_Technologies

After locking in profits at 1.20350 we went long with a target at 1.1295x. So far it is getting there very slowly. SL at cost so no worries whatsoever. Cheers.