The support and resistance levels are pivot bands and adaptive. Updates will be made about the idea. You can use supports for profit realization and resistances for stoploss according to your leverage and risk . NOTE: My ideas made only as a result of some predictions, do not agree completely. Just consider it as an idea between your opinions.
4H Chart Explanation: - Price is on a Micro Ascending Channel. - Bearish Divergence on MACD. - If price breaks the Channel, it has potential to move down towards the Middle Support Zone first and, then, towards the Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
gold short today the level was previously drawn on my other posted trade of gold few days back reaction came as expected 23 SEP 19
Gold finally broke out from the 3 week consolidation as it gained $28 in the week ending back above $1500 comfortably as geopolitical tensions continued to bite. Adding to the stockpile of tensions was a fresh spat between U.S and China on trade issues which fueled the last day rally again creating insecurity during the weekend. Negative surprises continue to pop...
The price is moving in a trend channel. The price also rejected the 1530-1545 zone. Gold needs to break the blue zone and come back for a retest. From there a buy position can be entered. For an agressive trading-style pullbacks from the upper channel to the lower channel can also be tradet. Target is around 1800.
Watch 1485 important support region Whilst 1508 and 152x remain as resistant region I DO NOT opt out price to retest back the resistant region again to complete the near perfect H&S formation prior melting down below 148x Plus we are having Saudi OIL tension now, i do expect some pull back on tomorrows Monday opening. Traders/Investors are always advised...
XAUUSD just approach the uptrend support line, long opportunity! First target ~ retest 1555 resistance
Gold remained in consolidation while yet again posting negative returns in another $40 week as geopolitical tensions eased but only to make a startling comeback in the weekend which should ensure sustained bullishness. Another reason for gold to remain directionless is the upcoming Fed decision over interest rate on 18th which will play the catalyst for further...
ICEUS:CTZ2019 Bullish pulse and net breakout of the middle peak of the double bottom created on the December futures on cotton. It has a very good potential in terms of risk reward and we know the volatility of commodities. The general objective is always to try to reach at least 300% of the allocated on at least 4 trades out of 10 and never expose yourself too...
NYMEX:NGF2020 Futures are instruments that we regularly trade both on individual futures and on a combination of futures via a spread. On all commodities we monitor the charts and set our alerts for possible breakouts. In this case we are in trailing stop on the January futures of Natural Gas and we moved already our stop loss becoming stop profit with at least...
The weekly resistance Zone has been rejected. We can also see a a red candle on the daily chart with a big spike, which rejected the Zone once again. SL will be above the spike of the candle mentioned before and TP will be at 40€, which is located in the lower zone.
Gold remained in consolidation as it registered another 52 week high but failed to capitalize on the gains ending with cuts of $16 for the week. The downfall from the highs was attributed to easing of trade tensions between U.S and China as they confirmed resumption of talks in October along with better than expected data which allayed recessionary fears to some...
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TRADE IDEA: Gold is looking great, playing out perfectly to my analysis from last week. We saw a retest at the blue line *618 fib level* and now it’s continuing down to the low of the green line!
Commodities peaking my interest this week, we've got a textbook bat pattern on the 4h chart for Natural Gas that's in the final stages of the CD leg. The measurements for a valid bat pattern are detailed below. XA Retracement: 0.382 - 0.50 AB Retracement: 0.382 - 0.886 BC Projection: 1.618 - 2.618 XA Retracement: 0.886 There's a butterfly pattern on the 1h...
Highly respected resistance level has been obey this position is now live i have sold now and i have a buy limit order which is via the graph Entry - as soon as possible SL - 1556.51 TP - 1522.75 (slightly early exit to avoid major support level) Buy limit (for later) Entry - 1521.80 SL - 1515.5 TP - 1538.2
On the market open and if the level 1527.00 (Potental pos #1 being a sell limit order) is respected i expect a sharp reversal to 1522.8 if breached due to normal fluctuation or gapping Potential Pos #2 must be ignored unless there's a candle that surpasses the 1527 level and closes above it and then the buy limit should be opened if respected i expect gold to goto...
.LOGspread wheat vs corn 08:09 03-Sep-19 I spread trade WHEAT versus CORN. I follow more or less - Keith Schap – The Complete Guide to Spread Trading The guy who spreads and makes a little every day is the one who walks away with the big money. –A veteran trader, quoted in Futures Every time i enter a trade in WHEAT i enter a trade in CORN with the same...