Hi Folks: Saved by the bell after readjusting the SL and it worked flawlessly so far. I am considering to call it off from here as from the fundamental point of view I see the USD picking up again very soon and it may reverse anytime after hitting few more pips up. Just lock in the profits and look for clearer indicators/signals. STAY SAFE....
Hi Folks: Last call proved to be very profitable and seems that channel is being respected so far. I am not sure what the big money plans to do with Omicron threat and the current Lybia output decrease of 200kbpd so let's see the opening for more clues. As long as the channel and fundamentals remain unchanged, my target will remain unchanged as well. The oil...
Hi Folks: You decide whether we are having a CH or inverted HS pattern in play. In any case both imply a slight correction and a bullish outcome unless we cross below the black line. I have no open positions on this pair so I am just sharing as someone asked my advice. STAY SAFE. Cheers. ------------------------------------------------- Remember, if you liked...
Hi Folks: If you remember the previous chart on this play I have pointed out two possible scenarios depending on the channels being respected and we finally broke the descending channel after being unable to retest previous low. So basically the idea of going long was a great success for those who have followed it. STAY SAFE....
Hi Folks: A while ago I was forecasting higher chances of breaking up than going down and so far it was a good call. Unless something unexpected happens it all points that we are going to retest previous high and test the resitance trendline of the sideways channel (blueish colour). STAY SAFE....
Hi Folks: Just waiting patiently to hit the target to start opening longs in different stakes to a possible 1.02 level. STAY SAFE. Cheers. ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to continue charting for you.
Hi Folks: Assuming we hit the top again, we could be droping following the current descending channel. I am basically in a bear mood because of the covid cases worldwide, but long term we may go above 100 next summer. So basically I am expecting some sort of important correction and then another big rally to new highs never seen in the past few years due to the...
Hi Folks: Just an update of the former idea. Target remains unchanged STAY SAFE. Cheers. ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to continue charting for you.
Hi Folks: Nothing new here. Impatiently waiting to hit the target. At the moment we still trading inside the ascending channel so remember to take the trades at the edges to be profitable. STAY SAFE. Cheers ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to...
Hi Folks: Ascending channel was fully respected so far. We just hit the resistance trendline and therefore we could be correcting soon. We may have a new retest but I believe the Omicron effect will cause some important correction in the near term after the Xmas driving season is over. STAY SAFE....
Hi Folks: Here's an idea of what could happen in 2022. I have many reasons to believe that stocks will crasy massively and Covid/Omicron or any other variant is not the main reason. Stocks are insanely high and with possible interest rate hikes in the coming year people will move money off to other safe treasuries. 29k area means quite a lot of sense to me, but...
Hi Folks: After a break up of the previous descending channel and comparing with the USOIL, it all points to a possible reversal at this area after the Xmas rally. Fundamentally speaking it made not much sense with my knowledge but that's the way oil surprises us constantanly. In spite of the rally my POV and target remains unchanged (64 followed by 60). STAY...
Hi Folks: Here's an updated view on the USOIL. Triple top and down? Well, that's my thinking after the impressive recovery. Possible HS pattern in play as well, Currently developing right shoulder. STAY SAFE. Cheers. ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will...
Hi Folks: Accumulation area with a bearish outcome from the Technical point of view and fundamentals. STAY SAFE. Cheers ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to continue charting for you.
Hi Foilks: Here's an updated view on this pair. I am just following the channel, taking trades at the edges. A cup and holder pattern seems quite possible as well. STAY SAFE. Cheers ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to continue charting for you.
Hi Folks: Here's an updated view on this pair. We are trading in a clear descending channel and at the same time respecting a falling wedge. I am expecting a reversal in the area of 1.03 to 1.02 and planning a heavy strategy. Leave your comments. STAY SAFE. Cheers. ------------------------------------------------- Remember, if you liked this idea don't...
Hi Folks: Here's an updated view on the BRENT (UK)OIL symbol. We hit the resistance trendline of the descending channel and therefore we should be correcting towards the next support are at 71ish. Omicron seems to be ruining everyone's Xmas and cancelling many flights and events worldwide so oil demand should be reflected pretty soon in the next release of...
Hi Folks: I am considering an exception in the USOIL and taking shorts only because the BRENT oil has hit a resistance level and since they are correlated we may consider a good oportunity to short at current levels. Target remains unchanged at the moment. STAY SAFE. Cheers ------------------------------------------------- Remember, if you liked this idea...