Cangaceiro

Cangaceiro

Not much has changed, keep up with Fibonacci golden retracement zone 50% & 61%. Fundamentals playing a big part here. Anyone that rode (A) Leg on the wave did the right thing, over 500 pips there. We are reaching a strong resistance now with signs of rejection. I’ll be looking forward to another discount on gold near the golden zone again ( or lower if possible...

Cangaceiro

Hello everyone, check the comments to see the chart I made on September 9th, I been busy with other projects. So I did not have time to post it. Not much has changed if you haven’t yet read my previous analysis, please do so for the bigger picture. Waiting for a good dip discount target price is 1920 zone or better( the lower the discount the better for us) These...

Cangaceiro Updated 

Not much has changed, If you missed the last decent entries on the 50/61% levels of the Fibonacci, I would suggest to be patient and wait.The current positions are only good for scalping in my honest opinion. As we know this formation can be broken either way, and its overdue for a decent pullback for OANDA:XAUUSD . We got as low as 1860s. That was an...

Cangaceiro Updated 

Will it break resistance? We are inside the the trendline channel (yellow line) we can see strong resistance and price rejection from previous attempts of breaking. I won't be surprised if we break downwards again at this resistance marked with red line and Pivot Standard. Last decent entries here once again were at 50/61% levels of the Fibonacci at around...

Cangaceiro

BITSTAMP:ETHUSD Had a successful break from the channel,as you can see the Elliot Corrective wave breaking out. Facing small resistance now and retracing back from Fibonacci 50/61% zone, closely watching this. I would suggest to secure positions now and do not FOMO in. Buy only on pullbacks so I secured positions on 370s. If things go south, and there is clear...

Cangaceiro Updated 

Hit the like/ follow button to motivate me to continue; last time we hit 500+ Pips First scenario: Update on this, I circled the possible price rejection scenario that can lead into a sale. Second scenario is a buy position from pullback zone near 50% on Fibonacci. Third scenario would be if prices break resistance and continue to uptrend, keep in mind for a...

Cangaceiro

Hit that like/follow to motivate me to continue. Not much has changed since last update, if you were tracking this set up you would notice 50% golden retracement zone was respected. Meanwhile buying on dips and exiting until a better long term buy position. Probably won’t see it until elections or Covid vaccine, I’d like to see 1700s again. Fundamentals...

Cangaceiro

Hi friends hit the like/follow button to motivate me to continue. Check my previous ideas to keep up to date. We went over USDJPY and EURUSD that have move similar, now USDCHF is the pair they’re opposite trend. Now this is not always 100% due to volatility and Fundamentals impact. We can observe the inverted cup and handle was respected, also we can see how the...

Cangaceiro

Hi again, hit that like/follow button to motivate me. As we can see EURUSD is in a retracement phase(handle) confirmed downtrend. Testing support and resistance. Respecting Fibonacci golden retracement levels at 50/61%. By using confluence and pair correlation strategies, please refer to my linked USDJPY Idea to understand fully the resemblance here. This...

Cangaceiro

Hi friends, hit that like/follow to motivate me. My confirmations: Successful triangle break, Fibonacci levels, support and resistance, pivot standards, and confluence zones. With fundamentals driving crypto this week definitely pushed Ethereum to these highs. But for how much longer? Lets watch and be ready for either scenario with confirmations. Check my...

Cangaceiro

OANDA:USDJPY Hit the like/follow button to show support my friends. This is just am update, please read the full analysis. If you’re following along check my full analysis I’ll link it to this one, the handle is respecting the downtrend as you see it hit the 38% of the Fibonacci retracement level. Lets see if this will aim for resistance or will give a...

Cangaceiro

Hello again don’t forget to hit the like/follow button to show support and motivate me to continue and check my previous ideas. Cup & Handle- the handle and highlighted price rejection from Resistance key level, show possible downtrend to Fibonacci retracement levels .This downtrend can take from days to weeks before moving up, so patience. Once that pullback...

Cangaceiro

If you're following along you will see that I have continued my Correlation research, hit the follow and like button to show support Following the topic of Correlation here is a visual of what is going on lately, this along a few Forex pairs is a great way to compare and contrast the full list of correlation. Also US Oil and DXY I didn't add those on this chart...

Cangaceiro Updated 

Made this quick analysis on the current situation as we explore correlation regarding all the ideas I have shared. Using this as a guide in combination of other tools and strategies for confirmation. Focus on fundamentals to forecast market direction as well. This is for educational purposes and not financial advice.

Cangaceiro

OANDA:XAUUSD Triangle break on Gold successfully, Still following along for a better pullback buy entry meanwhile catching dips is rewarding. I only like to sell in general at price rejection, so I won't be looking for short term sales. The last sell zone I was comfortable with a sale position was between 2075-2065 Price rejections. So as of now, I am just...

Cangaceiro

OANDA:XAGUSD Update on Silver as it slowly and silently follows gold which also made a jump to 2050.

Cangaceiro

COINBASE:BTCUSD If you followed my last idea you'd have sold at price rejection w/ confirmation and also looked for pullback buy zone, leave a like and happy trading. You might ask why the Neutral outlook? Well because you can get paid both ways following the market trend, sell at price rejection with confirmation and buy on pull back buy zone. Don't be greedy...

Cangaceiro

Based on correlation with gold this is a possible scenario. If DXY continues to climb, be ready for a pullback for both pairs (gold&btc) only sell on price rejection. But like everything wait for confirmation either way and you will be fine. To me it doesn’t matter which any pair goes, if you are trading with them you’re going to be ok.