WTICOUSD is probably a good buy at the moment. Great RR, and with the stock market rallying for the last weeks, Oil has something to catch up on.
We will try to add and reduce risk, if the price moves as anticipated.
Gold has reached an ascending trend line. If it breaks that trend line, we will very likely experience GOLD reach the price of 1125 pr. OZ. That price is based on equally distant moves and last lows.
But remember this trade should only be executed in case it breaks the trend line.
The picture speaks for itself. This is a great opportunity to short EURGBP, but it has some obstacles on its way. Therefore we split the trade into three positions as shown on the picture.
As soon as the price goes 0,50% in profit, we move stop på BE for all our positions.
With a bearish trend, I will fade the short term trend and short GBPAUD. Move stop to B/E if price goes to 0.618 fibb.
If everything goes well, we will be able to push the trade more. Updates will occur.
There is an opportunity to buy GOLD if it breaks the descending line.
As shown on the chart, there is possibly an ABCD pattern that can make the price fall a bit before the possible rally.
Stop can be put under the last low, when entered. Target is at the 0.618 fib retracement. However, to get the most out of the trade, we need to see how it acts up there.
This chart shows time my prediction of when the next financial crisis will begin. The fibb-extension shows my prediction of when the market will turn.
I see one of two scenarios. Either the price will go halfway through its cycle and begin falling, or the price will complete its time cycle before it falls.
This is not a trade recommendation. However, it can be...