Gold selling pressure is growing on H4, but this is not a period to join bears to short the metal as this is a corrective wave. Expected earlier was a bullish wedge but turned out that the market is building up a regular flat. This could "degenerate" into a Zig-zag structure. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
USDCHF is most likely to be going through a complex corrective structure. With an uptrend a-b-c structure completed mid-2019, another corrective structure has also emerged on weekly chart. This time around it's a downtrend. Wave pattern a- and b- have been observed, what's left now to complete is the c- part. According to Elliot wave, c-pattern likely to have a 5...
Gold seems to start building a bullish wedge on H4. Now expecting the price to re-test its recent swing high before being rejected. If the rejection occurs, then the precious metal most likely will test the lower channel of the wedge before making another upward movement. However, all these might change if there is escalation of on-going US/Canada/Ukraine vs Iran...
With sentiments turned bullish on H4, AUDUSD is set for another uptrend. Expecting the pair to revert to its mean (profit taken) before starting the rally N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
As an update to our Jan 5 post on EURUSD titled "EURUSD-Likely-To-Find-Buffer-At-1-10977", actually, the currency pair actually found the buffer at that level. Now the H4 sentiments has turned bullish while Daily is still bearish. As a result, we are expecting price to re-test the low at 1.10817 EXCEPT the US/Canada/Ukraine vs Iran is escalated - in that case, EUR...
We earlier identified potential opportunity in USDJPY short trade since 04/01/2020. Now price has rallied to a sell zone, we await to see weakness in the pair to take the short trade. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
BTCUSD literally following the price projection lines drawn in the post dated 24/12/2019. It's just about price cycling, and...
Fibre's fall most likely to find a buffer at 1.10977 or the trendline starting from December. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
After a gap-up, Royal Bank of Scotland zoomed into extreme optimism and immediately met with bears that dragged the stock price down. Now the stock is reverting to its mean which makes it even more attractive to buy at a discount. A gap-filled will be a first step before bulls make their presence felt on the stock price. N.B - Let emotions and sentiments work for...
Glencore more likely to have found an intermediate bottom. A re-test of a support at 230 may likely take the stock price upward... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Shell's stock price is now bullish. In a couple of weeks, the price could rally up to 2391 and possibly pullback to re-test the weekly support to commence another uptrend to above 2500 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
JD Sports stock price is preparing for a pullback on the weekly. With the price got rejected at extreme optimism, more bears are being invited to drag the price downward N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Gold is now close to the first hurdle identified in our previous post (see below), and with the metal ending the week in marubozu candlestick and couple US vs Iran on-going threat, gold is most likely to be bullish next week overcoming the first hurdle in the process. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
As observed on the weekly, Loonie is now trying to find support on H4 in order to commence a short term uptrend. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
After breakdown from the bearish wedge, USDJPY is poised for more bearish moves. If it attempt to re-test the lower channel, there will be more selling pressure to meet the pair. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
USDCAD has been on weekly corrections since Dec 2018. Now that price is on the lower channel, will there be a reversal? Now waiting for a weekly reversal candle N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Major trend is still down, however, EURAUD sentiments seems to have shifted to bullish on H4 and with support found at 1.5977, the currency pair could have a short term rally. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With gold price rejected at a high optimism level, there is high tendency that price will decline. However, this will be another opportunity to buy gold at a bargain price. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades