Hey guys, I had a couple of emails asking me about Gold.
This is what I think how Gold will move in the coming weeks/months.
1. Do not go long unless 1045 is challenged, price is moving nicely on a falling channel, no buying unless it reaches a key support zone.
2. Bullish shark completes at 1045, it could go slightly lower towards 1000 (XA 113) before...
This is the daily chart of FB.
FB fundamentally is a stock I personally follow.
The stock has gone from $20 to more than $100 in 2016.
Year on year, the revenue and profits have been rising and I am also a paying customer, spending more and more on ads with them than any other platforms.
This is definitely a stock which can continue to grow strongly for many...
Hey guys, this is another setup on my radar.
To buy GBPJPY off this bat pattern at 142.90.
This is a nice setup as it is aligned the the trend and bought at a nice support zone.
Will monitor for divergence and RSI OS conditions before entry.
EP: 142.90
SL: 142.10(80)
TP: 145 (210)
Hey guys, my theme for the week is still on commodities strength.
I will look to go long on NZDUSD when it completes the Gartley pattern on H4.
The entry zone is around 0.7010- 0.7015 with stop loss placed at 0.6940.
Will watch for RSI divergence and OS condition before my entry.
Will be targeting 0.73 on this setup.
Hi guys, this is a counter trend trade on CADCHF.
I just went short on this.
Price is at h4 resistance zone.
RSI bamm setup complete on H1 timeframe, target key support area for profit taking.
EP:0.7576
SL: 0.7630(54)
TP: 0.7370 (208)
Good luck to those who are following me on this trade.
Hi traders, just sharing one of the pair I will be monitoring very closely for this week.
I see a potential bullish bat on USDCAD.
This is gonna be a great setup because of the following reasons.
1. Aligned with uptrend
2. Entry price is very close to extreme of parallel channel
3. Aligns with previous resistance turn support area
How I will execute this...
Hey guys, this is what I think about Gold next week.
The trend remains bearish until it is broken.
I see a nice structure resistance at 1183 which coincides with a ABCD pattern completion.
My take is to continue shorting Gold with stop loss around 1200.
Conservative TP will be at last week's low around 1160.
EP: 1183
SL: 1200(17)
TP: 1160 (23)
Hey traders, I am spending my weekend browsing across different instruments.
The recent HOT commodity that everyone is talking about is oil.
This is how I see oil based on Harmonic analysis.
1. Price is bouncing off the lows on the daily channel
2. AB=CD patterns completes around $68
3. I am very bullish on OIL and I expect most commodity linked currencies to...
Hey traders, especially those who follow gold.
I am planning to short Gold this week.
This is on an ABCD pattern completing around 1205.
The entry level also coincides with the top of the channel.
This is about a 1:2 risk to reward trade.
Will monitor for rsi divergence and candlestick weakness before entry.
EP: 1205
SL: 1222 (17)
TP: 1172 (33)
Hey traders, sorry for the late update as I was pretty busy over the weekends to update here.
This week, I expect the USD to do some correction.
If the EURUSD goes up to 1.0750, this is where I will be interested to short it.
I will look out for RSI divergence and a rejection candlestick before I go short.
EP: 1.0750
SL: 1.0780 (30)
TP: 1.0570 (180)
Hey traders, my last post on RSI had alot of subscribers asking me questions.
This post will be about the RSI bamm again.
Take a look at the H4 chart of USDCHF.
Configure your RSI, 14 days, 30 oversold , 70 overbought.
You can see that there is a M structure that completed at the overbought area of the RSI.
This usually means that the trend has not ended and...
Hey traders, just an update on EURUSD this week.
On the daily chart, I am sure many traders spotted this Deep Gartley (AB=CD pattern completed beyond 78.6)
These are the reasons I will not go long on this pattern.
1. Put in the parallel channel, it is in the middle of nowhere
2. RSI no divergence
3. PRZ bashed through without hesitation
What's next?
As...
This is a currency pair that I hold close to my heart.
As someone who travels to Shenzhen china almost monthly, I am pretty interested to put what I learn into good use to gain an advantage in life.
I change SGD to CNH every single month.
Keeping this post short, I am expecting SGDCNH to go down to 4.7 before rebounding.
For those of you who are planning to...
Hey guys, after an uneventful 2 weeks, I am hoping next week the market sets us up with some quality harmonic patterns.
The top of my list for next week is gold, where I see a bullish bat completing with a few other key criteria.
1. RSI Bamm present, W structure at oversold, retest the 50 lvl and now back at oversold
2. Bullish bat completes at channel...
Election is over!
For the upcoming few days, I am waiting for NZDUSD to hit 0.7550 before going short on this bat pattern.
Be patient.
Wait for RSI divergence/Overbought status around this zone before going short.
Do not use a pending order.
Good luck and good trading everyone!
Hey guys, the US election is over.
Time for the markets to move more swiftly now.
I am looking at AUDNZD for next week.
I see a bearish shark completing at the top of a daily range around 1.0750 - 1.0760.
I will be monitoring for divergence and RSI overbought condition around that zone before I go short.
Ideally, price should reject that zone, come down and...
Hey traders, this is my updated view on EURAUD.
Last week, I posted a bearish shark which completes at 1.46.
Over the weekend, I re-analyzed my charts and realized that a better shark completes around 1.4790 instead.
This better chart aligns much nicer with the H4 equal distance channel (Parallel channel).
We will be in for a volatile week ahead with the US...
Hey guys, it has been a tough start for me in Nov, got hit by 2 losses so far.
Today, US election will be over in a few hours time, hopefully trading gets smoother after election.
Over the weekend, I talked about selling EURAUD around 1.4790, price still has ways to go before that happens.
Right now, we are actually close to a potential long before the longer...
