Hi Folks: Self explanatory chart. Target achieved. 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: From the technical point of view it looks like we gonna go down to test, once again, the support trendline. Fundamentally speaking I think gold is under a lot of pressure due to inflation worries worldwide and its hike rate policies in the main markets USA, EU, England... I feel more confident holding shorts at this...
Hi Folks: The idea was good half way and then it went down. Currently we are again at an important support area, intersection of few channels so let's see what happens from here. Fundamentally speaking it should be going down as USD is performing good and soon there will be rate hikes so let's see. If you are uncertain just hedge, deep breath and wait for...
Hi Folks: Here's an update of this pair. Both descending channels are so far fully respected on both side and therefore we could have some correction before hitting the target. Sometimes, when we are close to a target it makes a strong breakout so mind both scenarios in your trades and congratulations for those who followed this idea till the end. Cheers ...
Hi Folks: Here's my self explanatory view on this pair. EUR failed to bounce at 1.0503 area and kept falling. We will have some supports but most probably we will end up to the 1.0315 area. I would be surprised to have a reversal in the middle of "nowhere" without hitting the next support area. Let's see how this plays out. I am scalping and taking ONLY LONG...
Hi Folks: Here's my updated view on this pair. I am currently off positions and waiting a confirmation to go long. The green horizontal line comes from the previous low and should act as a strong support. Next support area is located at 1.1118 so if we do not bounce sharply at 1.11683 we could have a surprise and find the reversal just a bit lower. So make sure...
Hi Folks: Here's my view on this pair. We are currently trading inside a descending channel that could lead to a target of 152. If you look at the big picture you will see that this inner channel is trading inside a long term ascending channel and we are approaching a strong support trendline. Cheers. FX:GBPJPY...
Hi Folks: After the joint release of SPR of USA, Japan, South Korea, India and China, price went up instead of down, defying the market logic. The results of the SPR will be seen in the market in the coming weeks, not right away, so we could have one last attempt to go above 80$ and then oil will plummet hardly. This possible inverted HS pattern could be key for...
Hi Folks: Here's my self explanatory view on this pair. Possible retest of the previous low. 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: Business as usual here. Target remains unchanged. 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: I just closed the remaining SHORTS from 1.20ish area and now just waiting for a reversal confirmation to go long. I would not be surprised to see it even further down to 1.07 but after this rally I think some correction is needed in order to continue going down. My two cents and congrats to all those who followec successfully this...
Hi Folks: Here's one risky idea for those avid short sellers like me. I believe price should correct sharplhy after the announcement of SPR with some other countries to fight oil prices back as they are hurting massively global economies. OPEC+ may counter act reducing their quotas even more so that could be the beginning of a new oil war that will end up badly...
Hi Folks: Today I have a risky mood so I am following the channels and open longs at current levels. Next support is at 1777 area more or less, so that would be the place for a SL (or partial hedge). This idea is quite risky as fundamentals are against a high gold price at the moment, but worth to try with some small positions. We are sitting right at the...
Hi Folks: Here's a risky idea for the avid short sellers. Just a small position to give it a try. My idea is double up at the top of the channel in the event of a failure to bring the breakeven exit closer. If it goes well then target will be at the black arrow area more or less. You have to adjust it a bit based on your trading system and margin...
Hi Folks: Here's my view on the BRENT OIL. Rumors are saying that tomorrow will have a massive release of oil from SPR coming from USA, JAPAN and CHINA mainly to control the heavy inflation due to OPEC+ unwilling to open taps. This will end up very bad for everyone. World leaders seem to be fed up about the quota manipulation that are sending prices higher and...
Hi Folks: Long time I have not updated my view on this pair. Self explanatory. Target still a bit far but let's be patient. 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 my view on GOLD. We have achieved the target in one single session, something that I was not expecting to be honest but it came very welcome :) I have drawn a couple of undefined descending channels to monitor. Remember that we still trading inside an ascending channel and therefore we are approaching as well the bottom of this channel....
Hi Folks: Here's my updated view on this pair. Today we have had another surprising rally on the USD (DXY). Here's my weekly timeframe view: We are almost there, about to hit my target since the short call at 1.20. Cheers ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That...