USOIL has a broken channel on the recent high position.
We would love to price of oil to retest the highest high again or break it through if there is any foundamental issues to push it happen.
On the left 4h chart, usoil probably going to have a flat five-wave corrective wave to go.
So you shoul be careful the bottom 3 or 5 position where could probably a good...
While USD/BRL short term indicators giving clear signal of correction to downside, Coffee touches its horizontal support. Trading at dirt cheap price and taking support, price seems to explode upside for quick trade opportunity. Brazilian real seems to get strength after falling as low as 4.12 against USD yesterday, which will push coffee prices up. Technically...
After breaking through the Trendline Resistance last week, XAUUSD is now at a Pullback stage.
So, traders can look for BUY entries at the SUPPORT ZONE(Blue rectangle) between 1266-1272 with TP at 1290 and 1302 respectively.
SL should be placed below 1264.
XAUUSD is approaching our first support at 1266.86 (horizontal swing low support, 61.8% Fibonacci extension , 50% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 1302.26(horizontal swing low support, , 61.8% Fibonacci retracement, 100% Fibonacci extension ). Stochastic is also approaching...
XAGUSD is approaching our first support at 14.36 (horizontal swing low support, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 14.98(horizontal swing high resistance, ,38.2% Fibonacci retracement, 100% Fibonacci extension ). Stochastic is also approaching support....
Buy above. Stop loss at. Take profit at.
Reason for the trading strategy (technically):
HSI is approaching its support at 27240.6 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 30197.0(61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3)...
XAUUSD just got our 1st tp hit, 140 pips profit.
This is its 5th wave on daily chart which has not finished yet.
The harmonic could send it down to lower position like 1212 as long as you could hold a short trade that long .
We are now waiting for our next target with half size and 0 risk.
Good luck to all you guys!
LESS IS MORE!
Pattern: 1D Head and Shoulders.
Signal: Bullish as the price has touched the Support of the neckline. Potential rebound towards the Resistance but tight trade due to the bearish momentum.
Target: 870.00 (top of the neckline and symmetrical Resistance).
We've pulled back quite a lot...tons of bad news has come out...we entered oversold territory and we're now consolidating for a move up. Across the market are long entries with great R/R profiles. Indices are finding support on 200 MAs, volume nodes, cloud tops, etc and now the market no longer cares about the bad news. When bad news is good news...shorts better...
Gold seems to be realising a perfect H&S with a perfect horizontal neckline at the stronget support of 1266 $.
If it will be, it will show a triple bottom, so I'm a bit cautious on this; Gold infact is showing a particular downtrend which could lead at the blue TL at 1255.
Very volatile moment. Be carefull.
GL you all
**** Only ideas/opinion, NOT...