VIP_Trading_Technologies

VIP_Trading_Technologies Updated 

Hi Folks: This is just a warning for all the bulls in oil as there could be an important gap down at opening with another massive correction on Monday. Fundamentals are worsening for bulls as the top oil consumers are planning to release oil from their Strategic Petroleum Reserves (SPR) to avoid massive inflation. On the other hand with have the worsening...

VIP_Trading_Technologies Updated 

Hi Folks: This is just a warning for all the bulls in oil as there could be an important gap down at opening with another massive correction on Monday. Fundamentals are worsening for bulls as the top oil consumers are planning to release oil from their Strategic Petroleum Reserves (SPR) to avoid massive inflation. On the other hand with have the worsening...

VIP_Trading_Technologies

Hi Folks: Here's an updated idea on this pair for your consideration. Channels respected so far from both ends therefore business as usual. Cheers. ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to continue charting for you.

VIP_Trading_Technologies

Hi Folks: Here's my view on the NATGAS. We are clearly moving inside a descending and fully respected channel so far and therefore we have to continue taking trades at the edges. Cold winter coming and that could send prices higher in line with the descending channel. Cheers ------------------------------------------------- Remember, if you liked this idea...

VIP_Trading_Technologies

Hi Folks: Here's an updated view on the GOLD. I think we are going to hit the aforementioned target of 1795-1805 area before any possible uptrend continuation. Fundamentally speaking seems that odds of rate hikes are increasing and we may see a big movement of funds from Gold to USD. Cheers ------------------------------------------------- Remember, if you...

VIP_Trading_Technologies

Hi Folks: The latest candle shows some important rejection from the bottom and could be an early signal of an approaching reversal area but since we have broken out a previous low that was acting as a support, we may continue downwards till 1.0315. At this point I am not certain from the Technical point of view but fundamentally speaking remember that CHF has...

VIP_Trading_Technologies

Hi Folks: Here's an updated view on this pair for your consideration. We are not far from my target area (black circle) and we are currently trading insider a couple of descending channels. Previous attempt bounce quite sharply from the support trendline but finally broken out and resumed the downtrend. Let's hit the target and see what happens once...

VIP_Trading_Technologies

Hi Folks: Here's an updated view on this pair after a couple of failed attempts to go up. The two circles below are the most probable targets for bears. Cheers FX:EURJPY ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to continue charting for you.

VIP_Trading_Technologies

Hi Folks: Target has been achieved but the question now is to decide for longs or remain with some short will a possible retest of previous lows (any of the two black lines). I tend to respect the channel so I will go for some longs and double positions in two more stakes at the previous lows. If the HS pattern shown plays its role it will continue further down...

VIP_Trading_Technologies

Hi Folks: Here's my view on this pair. We hit the previous low and bounced quite strongly from there. See the chart. We continue under bear's territory and having an engulfing bearish candle on the daily timeframe Need to reevaluate different possibilities. The black circle below is the area that will offer major support (intersection of...

VIP_Trading_Technologies Updated 

Hi Folks: Here's my view for this pair. At the moment of writing we are currently sitting on the black support line (previous low) and we could bounce from current levels BUT it doesn't look really powerful to bounce if you check the previous daily candles and their rejections from the top. Failing to bounce will lead the price to the orange area at 1.03 and...

VIP_Trading_Technologies

Hi Folks: This idea seems to be working pretty good. SL placed at cost already and if we close slightly above of the current price (at the time of writing) we will end up with an engulfing bullish candle. Cheers FX:EURJPY ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will...

VIP_Trading_Technologies

Hi Folks: Here's my view on the Brent Oil. The ascending channel (green) has been invalidated due to a break out and we bounced right at the support trendline of the descending channel (red), therefore we should consider taking trades at the edges of the channel. Cheers. TVC:UKOIL ------------------------------------------------- Remember, if you liked this...

VIP_Trading_Technologies Updated 

Hi Folks: Here's my view on the BRENT OIL. On the daily we have bounced on the EMA 50 level and target was almost achieved. Currently we are trading between two possible channels, one ascending (green) and the other descending (red). None have been broken yet. TVC:UKOIL Cheers ------------------------------------------------- Remember, if you liked this...

VIP_Trading_Technologies

Hi Folks: Previous idea failed. Latest daily candle was quite bearish but we are approaching an area that can provide a good support and a good attempt to bounce after this important pull back. I have redrawn a couple of descending channels that so far are respected and let's see which one will be the chosen one. At this point it seems appropriate to wait for a...

VIP_Trading_Technologies Updated 

Hi Folks: Here's an updated view on this pair. The previous idea failed and triggered protective hedge (partial) once the descending channel was broken. We are approaching EMA 200 on daily and we will probably bounce from there as we have had quite a fall already and indicators are showing oversold...

VIP_Trading_Technologies

Hi Folks: The current daily candle on this pair shows an important rejection from the bottom and therefore we could be close to a reversal or at least an upwards correction. The previous idea (with a slight adjustment) REMAINS valid and the target unchanged on the long term as long as we keep inside the descending channel . All the best. Cheers FX:EURUSD...

VIP_Trading_Technologies

Hi Folks: Here's my view on the USOIL (WTI). As you can see on the cart we are approaching to a previous candle low and a possible descending channel support trendline (see black arrow). Further down we have some alternative support areas (lower black arrow) before hitting the previous low at 75. So far we need to focus on both areas as the market seems to be...