Aggressive Market Outlook! Price Reaching Rejection Block and QML Level. Bearish Flat in Progress. Seasonal Tendency and Expected Hike in AUD by tomorrow from 3.35% to 3.60% will strengthen AUD in near future. Risk Disclaimer: Forex is only Suitable for those People Who Understand, and are Willing to Take on, the Financial and other Risks involved. Please Ensure...
Hey Everyone, After hitting our first target of 1857 yesterday our last target of 1863 on this setup was not hit today but instead News related volatility drove the price down. We were and are expecting swings due to Powell's two day testimony, which will trigger heavy volatility like today. We took out any longs from the top and will look to ride back up when...
3M Chart, Halliburton (HAL) : MACD : On October 1, 2021, the signals on pierced up from below the histogram and have been moving toward the surface since then. RSI : The signal bounced on January 20, 2020 at 32, steadily moving towards 60. PRICE : Has been steadily moving up after bouncing on $4.5, around the ATL (All Time Low) already tested twice the 200MA...
1M Chart, General Motors Company (GM) , on January, 2022, the signals on MACD pierced down from above the histogram and have been diving since, on February 2023 the signals are about to pierce up from below the histogram; The RSI signal bounced on June 2022 at 35, steadily moving towards 50; The price has been steadily moving up after bouncing on $30already...
1W Chart, DOGEUSD , on February 14, 2023, the signals on MACD has been diving below the histogram since NOV2021 and started moving to the surface on August 2022, making their first push to break the ice on October 2022, sending the RSI from below 40 to 60 and the price pumping from $0.05 to $0,15, piercing both 100 & 200 days MA signals; The RSI signal reached 63...
Hey Everyone, Our 1H chart setup is playing out with price hitting our retracement zone taking out both bearish targets. We are now also seeing EMA5 cross and lock below 1853 opening the swing range. This means we can easily see price challenge the remaining lower levels. This part of the setup is within the swing range, which means taking longs from support...
6M Chart, PFE , on February 6, 2023, the signals on MACD have been steadily moving NE, after piercing below the histogram on July 2012; On July 2021, reached its ATH (All Time High); The RSI signal bounced over 70 and is now facing SE to test the line of 50, after bouncing up from it on January 2020; The price has been steadily falling since the ATH, from $60 to...
Hey Everyone, The daily chart saw a rejection from the resistance zone driven by news into just above 1857 Goldturn support. However 1857 is not a strong weighted Goldturn and therefore if momentum continues we may see further move down to 1817, which is a stronger support level for a reaction in price. 1817 area is also inline with MA63, which may also provide...
we got the first sign of reversal once we broke from our bearish channel down below, and now we have a resistant to break around the 3.62$ in order to go to the first profit taking the 4.40$ then the second profit taking and sequeeze level if we broke it around the 5.60. howvere if we go rejected we going to fill the gap above our EMA.
Hey Everyone, As you can see our 1H chart is back in play as we find price playing between both structures with the retracement zone playing support again after riding back up from the swing range. We have FOMC today so extra caution in managing risk and range. FOMC PLAN Newbies should not trade FOMC, as too risky if you have not learnt how to manage...
Hey Everyone, It is truly amazing to see our chart idea play out and how effective our Goldturn ema5 cross and lock strategy is in measuring the momentum of price. Take for example todays 1918 cross and lock, which we highlighted on this chart, stating it will open the swing range down to 1901 for the swing. This was precise measurement, which allowed us to slow...
Hey Everyone, Please see our updated 1H chart Goldturn support and resistance levels and targets. As you can see price has been ranging between 1918 - 1946 and the retracement zone has been tested and respected more than once. When a support or resistance area is tested more than once, it usually strengthens that level further. We would need to see 1918 broken...
Hey Everyone, Another PIPTASTIC day for us waiting patiently for the price to retrace, as we rode up all the way into the resistance structure yesterday. Today we waited for the rejection back into the retracement range for a clean signal activation and take profit of 50 PIPS and trailing. We are also keeping in mind yesterdays breakout of the resistance...
Rising Wedge (Bearish) has formed on Dicks Sporting Goods. We have the price yet to break below the Wedge, which then the price will come down to the 1st target - $103.03 CONCERNS: The 7>21 (Bullish). RSI >50 (Bullish) Price is above 200MA... This is what I call a LOW probability trade because we have mixed signals of buying and selling. However, the chart...
Hey Everyone, Please see our 1H charts with updated Goldturn support and resistance levels and targets. We have also marked all the structured zones that will allow us to identify potential breakouts to the next zone and allow us to navigate this up and down level to level. We had EMA5 crossing above 1924 opening the upper levels, which one by one got hit....
Hey Everyone, This is the weekly chart we have been tracking and following for our long-term targets and as you can see this is playing out perfectly. As highlighted last week, we got the EMA5 cross and lock above 1858 with our next target of 1928 HIT last week. The weekly candle failed to close above this level , which may now follow with some retracement but...
Hey Everyone, This is our Monthly setup that we have been tracking and trading for the last 4 months and as you can see this has played out perfectly hitting all our Bull targets like we projected. Please review the last 4 months update on this chart so you will be able to see how well this played out. We are now at strong resistance zone and although there is...
This is a previous idea i posted.... This is how it played out, it was a lost but market played out how we planned for it. Losses are part of the process we learn from it and move on! How's your trading week going?