ChilimBalam

ChilimBalam

Wait for confirmation to enter this setup

ChilimBalam

Levels, levels, levels

ChilimBalam

As we are seeing the USD is gaining more strength, I suggest the price of the precious metal will fall to 1400

ChilimBalam

Short un CNY

ChilimBalam

Look at the double top pattern, opened position at 18.8100 SL already in break even

ChilimBalam

Long on ausse based on double bottom formation and actual retracement to fibo level .618

ChilimBalam

For this I would like to look for a retracement to 75.50 area which is located at .618 long term fibo, SL area located at 76.15 .

ChilimBalam

Using wolfe waves we can determine further downside movement, wait for retracement to .6930-.6950 to open position. Good luck!

ChilimBalam

Watch for this fibo .618 important area inside consolidation zone, I recommend to wait for confirmation to go long.

ChilimBalam Updated 

Check on this chart how the price is following the downtrend after completing its natural retracement at .50 fibo level. Remember keep it simple guys!

ChilimBalam

The price is in a good range to accumulate positions against peso, check this areas for long opportunities 18.8890- 19.0750

ChilimBalam Updated 

Wait for the price to make a double top to enter on this short, it will be great!!!

ChilimBalam

With these I expect at least a pullback of 90pips... put my SL really close as it might brake that resistance/support zone.

ChilimBalam

Go basic, look at fibo levels and divergence in RSI indicating a possible pullback... let's see if the odds are in our favor. Remember to protect your position with SL.

ChilimBalam Updated 

Based basically in Fibo retracements and extension I decided to enter short, It may not get to 18.96- 18.99 but lets see If the last/ future macro events help the peso to gain some strenght.

ChilimBalam Updated 

It's been a while since my last post, but here we are back again in the game :) Using the same simple techniques as always (fibo retracements and extensions) the price of gold has reached a value of $1495 close to .50 fibo area... right to open a short and trying to reach $1445 area to close this position.

ChilimBalam

There is a divergence in RSI that is giving long signal, protect your capital setting SL

ChilimBalam Updated 

As almost all my trades, this one is based in Fibonacci extension and retracement....