VIP_Trading_Technologies

VIP_Trading_Technologies

Price went right at the black resistance line and pulled back strongly. With an apparent reversal on the USD we could expect a sharp correction in OIL. For those countries who depend highly on oil imports (i.e: Europe, China, India, etc) a stronger dollar makes oil more expensive. Should you have been following this chart and you SOLD at the top, I would suggest...

VIP_Trading_Technologies

Let's see how this long term idea plays out. So far it has been quite accurate and some of the reference EMA's are about to cross each other leading to a correction at least to a 1.3220 area. Then will need to reevaluate the continuation. Cheers.

VIP_Trading_Technologies

I'm glad to share a new possible scenario in play, for your consideration: Head and Shoulder pattern. Currently we could be developing the HEAD that could lead to a correction towards 60-62 area, followed by a new leg up to form the RIGHT SHOULDER and then another important correction down to 54-57 area. Only time will prove this idea more or less accurate. At...

VIP_Trading_Technologies

In this pair I am currently taking a pause because I am not certain of which direction will continue. We are trading BELOW the reference EMA's on the Weekly timeframe and therefore we are in a bearish area. But on the other hand we have a clear ascending channel that it is about to reach one of its support trendlines and that indicates a reversal. From the...

VIP_Trading_Technologies

What is Bitcoin? Who backs this digital cryptocurrency? What could happen if other countries join China and ban the mining and use of Cryptos? Why hackers and black market uses mainly Bitcoin? (untraceable) A crazy idea of what could happen should more countries (i.e: G-7) decide to ban BTC for the high mining costs as China did recently. Never traded a single...

VIP_Trading_Technologies

Price seems to be heading to 72.70 target. OPEC+ had suffered massive losses during pandemics and they want to recover those losses ASAP, so I do not think they will do much efforts to "balance" the market. Instead they want to balance their accounts and dividends to be paid. This may backfire them by lowering global demand but let's see what would be their next...

VIP_Trading_Technologies

So far so good and it looks like it will continue this way.

VIP_Trading_Technologies

Possible retest to high of the day and above area seems very likely to happen after new bullish EIA/API data. I'm still waiting a clear signal to short oil. So far price seems pretty stable and well controlled for big hedge funds. Weaker USD also helps to sustain prices at current levels. Just waiting the trigger to change most of the paris and instruments that...

VIP_Trading_Technologies

It is not a very nice or clear Head and Shoulder pattern yet but so far it looks like dumping is not over yet. 10-17k should be the target for bears. Once there we will see if there will be new mood or will be the beginning of the end... Never traded a single BTC nor I will, but I like to share charts about the phenomenon.

VIP_Trading_Technologies

I'm not fond of high oil prices (my cars still runs with petrol) but the OPEC Cartel has managed to screw US Shale and bring prices very high to compensate for their previous losses. I would not be surprise to see oil prices hovering 76 to 80 bucks very soon but I hope they will start increasing output, otherwise we may start switching to electric cars :p

VIP_Trading_Technologies

It was long overdue and finally it happened and I was IN to enjoy the rally from 1906 to LOD (1866). Green EMA acted as a support. Candle suggests bear party is not over yet.

VIP_Trading_Technologies

So far so good. HS pattern in play.

VIP_Trading_Technologies

Potential buying area at current levels. Don't miss out this opportunity for a nice rally.

VIP_Trading_Technologies

About to trade over the reference EMA's leading to a possible nice run 1.800 level

VIP_Trading_Technologies

Developping a possible HS pattern (the head part now).

VIP_Trading_Technologies

HS pattern in play.

VIP_Trading_Technologies

Few weeks ago I published this idea that seems to be valid so far. Let's see from now onwards what will happen.

VIP_Trading_Technologies

Looking at the weekly timeframe all looks like mid 72 and 76 are the next targets before a possible correction to mid 50's.