Why I am getting very Cautious trading Long - Gold / Precious M
USDX has really fallen off a cliff this week & this lowering of the USD has been supportive of Gold & all at a time when Gold has been bided up a bit too much & making the Gold price overbought on the Stochastic's higher-time-frames.
With USDX and the Gold-price having an inverse relationship, my chart shows just how much the USD has been oversold this week on the important 4HR, Daily & Weekly Stochastics.
A strong cross-up on the 20 level could signal a rally in USDX soon, I tip it will rally next week if not before finding strength during late Thursday and Friday trading.
There is a tonne of economic news coming out today Thursday morning, will it be a mixed bag and what impact will have on the Gold price and USDX... We will know later.
Stochasticoscillator
$HIMS | Allocation | Market Exec |Technical Confluences:
- Price action is near the 50% Fibo retracement area
- Price action have bounced off the 200 MA (Red) and has a valid Resistance Trendline with an Interest Zone nearby
- Stochastics is inn Oversold conditions in the Daily & Weekly timeframes
- Elliot Wave 4 seems to be completing at the 50% Fibo line and aim for the 100% Fibo Extension line @ 29.51
Fundamental Confluences:
- Telemedicine with US being a focus market is great as healthcare issues seems to be increasing; demographics start to shift right
- The main health markets that they target are issues that many in the society prefer to remain anonymous about and telemedicine solves that for them
- One negative would be the high expenses they are spending on A&P budgets, a drag but overtime, we can see the impact of what they have been pushing all these while
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Putting NYSE:HIMS as part of my medical/health category of my portfolio.
Will start my first allocation now and look at adding more into it if price moves into 50% - 61% Fibo range (Interest Zone).
Remember, DYOR.
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
$CELH | Buy Potential D1 | Market Exec | Technical Confluences:
- Elliot wave may have completed Wave 4 and begin the Wave 5 move
- Price action is close to the 78% Fibo levels and a Demand zone (Yellow Zone) area.
- Stochastics are at Oversold levels on both Weekly & Daily timeframes (TF)
Fundamental Confluences:
- Earnings was positive with both domestic & international revenue increasing, EPS beat, EBITDA also up
- Slowly gaining market share in the Energy drinks segment
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I see these levels as good for me to being some allocation of my Portfolio into $CELH.
Blue Zones & Fibo Extension levels (in Blue) will be the starting point of some my TP levels.
Remember, DYOR.
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Bollinger Bands, Moving Averages, and Stochastic Oscillator* LIVE TRADING *
This is not a get rich quick scheme, if you have the time to study and practice this video it will give great insight on how price moves. Add the indicators to your chart and see if the 3 main signals create entry points for trades
3 Main Signals:
- Stochastic (settings) 14,3,3 with %K marked as RED and %D marked as GREEN (inversed from default)
- CM_Williams_Vix _Fix
- Bollinger Bands (default settings)
Extremely insightful example of how specific indicators correlate to create a trade setup. What the trade setup looks like and how you can practice it in real time. Time Frame Reference and how they mix. Calling out candlesticks as they populate.
Indicators (all indicators from Trading View indicator library):
- Stochastic (settings) 14,3,3 with %K marked as RED and %D marked as GREEN (inversed from default)
- CM_Williams_Vix _Fix
- Volume
- Bollinger Bands (default settings)
- TEMA - settings 9 EMA purple, 50 EMA yellow, 200 EMA black
- Divergence for many V3
GBPCAD |Short D1 | Market Exec |Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1 and H1 time-frame. H4 is also entering Overbought Conditions.
- Price action is close to last month's Resistance Trendline
- Price action is well into a Supply Zone area
- Targeting between the 50.0% - 61.8% Fibo retracement
Suggested Trade:
Entry @ Area of Interest 1.7180 - 1.7270
SL @ 0.1.7348
TP 1 @ 1.7002 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.6811
Risk-to-Reward @ Approx. 2.93 (Depending on Entry Level)
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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AUDNZD | Short H4 | Market Exe | Trade-Related TradeTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H1 & H4 time-frame
- Price action is close to a Supply Zone (Blue Area) & has Resistance Trendlines around
- Aiming for the 38.2% Fibo retracement to TP
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 1.0970 - 1.1010
SL @ 1.1060
TP 1 @ 1.0920 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.0838
Risk-to-Reward @ Approx. 2.04 (Depending on Entry Level)
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________________________________
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Any websites / brokers / applications suggested here are also provided as informational purpose only.
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SOLUSDT | Long H4 | Buy Limit | Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 & H1 time-frame to activate our trade idea
- Entry level will be a Demand Zone for Solana
- Price action is in a consolidation zone
- Targeting the 61.8% Fibo retracement after trade is activated
Suggested Trade:
Buy Limit @ 123.15
SL @ 110.24
TP 1 @ 143.74 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 169.42
Risk-to-Reward @ Approx. 3.26 (Depending on Entry Level)
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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NZDCAD | Short H4 | Market Exec | Pure Retracement PlayTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frame. D1 is also entering Overbought Conditions.
- Price action is close to last month's Resistance Trendline
- Price action is in a consolidation zone
- Targeting the 61.8% Fibo retracement
Suggested Trade:
Entry @ Area of Interest 0.8210 - 0.8230
SL @ 0.8244
TP 1 @ 0.8184 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8151
Risk-to-Reward @ Approx. 2.04 (Depending on Entry Level)
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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EURUSD | MT Long H4 |Overly OversoldPair: FX:EURUSD
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames
- Price action has some support trend-line holding it
- Horizontal trendline looks like a demand zone across the years
- Horizontal trendline (Red) is at the 1% Fib Extension Level
- Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level
Fundamental Confluences for Trade:
- EUR weakness has been mostly been pricing in the expectation that ECB will cut in June and diverge from the FED. Currently, priced in.
- Risk is further war escalation from the Israel-Iran tension
Suggested Trade:
Entry @ Area of Interest 1.0620 - 1.0650
SL @ 1.0589
TP 1 @ 1.0698 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.0758
Risk-to-Reward @ Approx. 2.44 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
USDCAD | Short H4 | Market Exe | Loonie to Ride the GreenbackTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H1 & H4 time-frame
- Price action is at a Supply Zone area
- Price action may reverse towards the ascending support Trendline
- Targeting the 38.2% Fibo retracement
Suggested Trade:
Entry @ Area of Interest 1.3760 - 1.3800
SL @ 1.3854
TP 1 @ 1.3697 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.3611
Risk-to-Reward @ Approx. 2.12 (Depending on Entry Level)
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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EURCHF | Short H1 | Market Exec | Taking a Safe Haven TradeTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 & D1 time-frame
- Price action is at a Consolidation/Supply area
- Price action may reverse towards the lower Consolidation/Demand area
Suggested Trade:
Entry @ Area of Interest 0.9815 -0.9835
SL @ 0.9879
TP 1 @ 0.9767 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.9707
Risk-to-Reward @ Approx. 2.00 (Depending on Entry Level)
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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EURGBP | MT Short H4 | Betting Against the EURPair: OANDA:EURGBP
Timeframe: H4 - Medium Term (MT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frames
- Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone)
- Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand zone.
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the FX:AUDNZD . Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 0.8590 - 0.8620
SL @ 0.8643
TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8522
Risk-to-Reward @ Approx. 2.22 (Depending on Entry Level)
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
EURGBP | Long H1 | Market Exe | Two Zones StoryTechnical Confluences for Trade:
- Stochastics are in Oversold Conditions on H1 & H4 time-frame
- Price is currently at a 78.6% Retracement level from Previous Low-High
- Price action should bounce between both Supply-Demand Zones
- Price is entering a Demand Zone (Yellow Zone)
- Aiming for the next Supply Zone (Blue Zone) at a 61.8% Fibo retracement & resistance from Trendlines
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 0.8540 - 0.8550
SL @ 0.8526
TP 1 @ 0.0.8580 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8606
Risk-to-Reward @ Approx. 2.63 (Depending on Entry Level)
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Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
USDJPY | MT Short H4 | Riding on BOJ InterventionPair: FX:USDJPY
Timeframe: H4 - Medium Term (MT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Price action may face some resistance from a previous support line
- Price is close to 61.8% Fib Extension Level
- Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level
Fundamental Confluences for Trade:
- Dividend repatriation season for Japan where MNCs bring back USD dividends and converts them to JPY
- These levels may see BOJ intervening to stop the Yen weakness
- Yield differential between USA and Japan cannot be denied and dovish BOJ doesn't help much; hence the weak JPY unless we see a firmer BOJ
- Further war escalation from the Israel-Iran tension may bring on risk-off moves and see the JPY strengthen
Suggested Trade:
Entry @ Area of Interest 154.00 - 155.15
SL @ 156.56
TP 1 @ 151.30 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 149.27
Risk-to-Reward @ Approx. 3.03 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
CHFJPY | MT Short H4 | The Battle of 2 Safe HavensPair: FX:CHFJPY
Timeframe: H4 - Medium Term (MT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Price action may face some resistance from a previous support line
- Price has retraced to 61.8% Fib Retracement Level
- Aiming for the lower Support trendline from the mid of 2023
Fundamental Confluences for Trade:
- SNB has been repeatedly concerned about a strong CHF while BOJ is concerned about a weak JPY
- These levels may see BOJ intervening to stop the Yen weakness and vice versa for SNB
- SNB is the first developed nation to start their cutting rate cycles and BOJ has just started hiking
Suggested Trade:
Entry @ Area of Interest 169.50 - 170.20
SL @ 170.84
TP 1 @ 168.68 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 167.18
Risk-to-Reward @ Approx. 2.31 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
USDCAD | LT Short D1 | Oil to power CAD StrengthPair: FX:USDCAD
Timeframe: D1 - Long Term (LT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Price action is at the top-end resistance of a parallel channel
- Horizontal trendline looks like a supply zone across few periods
- Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level
Fundamental Confluences for Trade:
- A strong oil story from ongoing geopolitical risks is a strong story for CAD's economy to remain their hold on interest rates while US's reflation story has been priced in by markets
- Risk is further war escalation from the Israel-Iran tension which continue the rush to safe-havens like USD or JPY.
Suggested Trade:
Entry @ Area of Interest 1.3750 - 1.3850
SL @ 1.3898
TP 1 @ 1.3640 (TP Half-Position & move SL to Entry level for B/Even once TP1 is achieved)
TP 2 @ 1.3567
Risk-to-Reward @ Approx. 2.08 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
AUDUSD | MT Long H4 | Middle of Parallel ChannelPair: FX:AUDUSD
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames
- Price action is now at the middle of a parallel channel
- Price is at 61.8% Fib Extension Level
- Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand zone.
Fundamental Confluences for Trade:
- Higher commodity prices is a positive for Australia economy
- Further war escalation from the Israel-Iran tension may bring on risk-off moves and affect this trade
Suggested Trade:
Entry @ Area of Interest 0.6390 - 0.6415
SL @ 0.6351
TP 1 @ 0.6448 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.6516
Risk-to-Reward @ Approx. 2.09 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
BTCUSD | MT Long H4 | Continuing The Run-Up?Pair: HTX:BTCUSDT
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on D1 and H1 time-frames
- Price action may face resistances from being at the bottom of a parallel channel, there is a support trendline going through and there is a demand zone area as shown with the horizontal trendline
- Price is close to 32.8% Fib retracement Level
- Targeting to trade this position between the Supply-Demand zones as shown with the Horizontal Trendlines
Fundamental Confluences for Trade:
- Market stabilization from geopolitcal risks and US's strong economic data is happening and may bring back risk appetite
- Fiscal dominance concern on the USD may see people try to buy BTC as a store of value (IMO, still not a store of value but as long as the market feels so, I'll go with it first)
- Further war escalation from the Israel-Iran tension may bring on risk-off moves and see the BTC fall
Suggested Trade:
Entry @ Area of Interest 61,500 - 63,500
SL @ 59,843
TP 1 @ 62,648 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 68,838
Risk-to-Reward @ Approx. 2.20 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
XRP | ST Long H1 | Chance to RallyPair: XRPUSDT
Timeframe: H1
Direction: Long
Technical Confluences for Trade:
- Stochastic momentum is neutral
- Price action supported by 100MA
- Price bounced off 61.8% Fib levels
Fundamental Confluences for Trade:
- XRP plans to launch US-denominated stablecoin to bridge the gap between Crypto & Fiat will help generate more uses & liquidity for the XRP Ledger blockchain
Suggested Trade:
Entry @ Area of Interest 0.6030 - 0.6100
SL @ 0.5856
TP 1 @ 0.6225 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.6405
Risk-to-Reward @ Approx. 1.72 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
BTC | MT Short H4|Consolidation Period Pair: BTCUSDT
Timeframe: H4
Direction: Short
Technical Confluences for Trade:
- Stochastic momentum is close to Overbought Conditions
- Price action close to few Horizontal and Resistance Trendlines
- Aiming for the 1st 23.6% Fibo Retracement
Fundamental Confluences for Trade:
- There is a large diversion between the positioning of Long-Term & Short-Term Participants in the futures space. A squeeze may happen.
Suggested Trade:
Entry @ Area of Interest 70,700 - 71,200
SL @ 72,685
TP 1 @ 68,600 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 65,700
Risk-to-Reward @ Approx. 3.19(Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
A Renko Trading Strategy with Multiple Indicators (update 2)Repeatable patterns. Something to watch on the 25 tick / 15 minute Renko chart for CL. This first image is late January. I’ve marked some areas of interest and where we could be in the pattern and something to watch.
This is from today’s price action.
Pay close attention to the action of the indicators between the two highlighted periods of time.
BITCOIN is still BULLISH. Because we are Embedded. I see people trying to short this market!
WRONG, WRONG, WRONG.
You should be
LONG, LONG, LONG.
Whilst the slow stochastic's are embedded - which they have been for 10 days now.
How do Slow Stokes embed? 3 continuous days with readings above 80 on the K&D line.
You now have a indicator that has flipped from overbought to a LOCKED 🔒 in trend.
(This also works in Bear moves with reading under 20)
We could see 55K easily by Friday a return. move to the upper Bollinger Band.
If at any point the stochastic's close under 80... they can regain their embedded status, the very next day ONLY.
Also losing the stochastic's doesn't mean to short, but simply take some chips off the table.






















