FXBanker

FXBanker

The chart speaks for itself

FXBanker

I foresee a huge short. Reasons for the short are obvious on the chart

FXBanker

The recent test of the 51 area signaled the biggest net short position by producers in a very long time. The sold in anticipation of higher prices but now the market topped and needs to correct before we see a big push to the $60 that Saudi Arabia wish to reach soon. I will be placing a limit at the 48 area and sell to $40 - $35 range, That is the area where...

FXBanker Updated 

Metal broke out of its long term but re-entered and looks to be continuing. The more things change, the more they stay the same.

FXBanker

inverted H&S and Ascending triangle

FXBanker Updated 

Bull flag forming on NG1! daily chart. Price consolidated in that pattern between 2 weekly zones and when it finally broke, bull momentum slowed and profit taking occurred. I expect a retest on the upper channel before a charge to the 3.0 level. This is one of those text book flag-retest setup Opportunities to swing trade this commodity have been far and...

FXBanker Updated 

Price has been in a downwards trend since about AUG 2015, Brexit broke the trend Line and It came to retest. Bounced twice on the major support and seemed to send a double bottom buy signal but approached the trend line it had just recently tested. 1 of 2 things will happen, 1. Price will break the line and make a run for the 1.9055 area (Completing the...

FXBanker Updated 

Price on this pair has been on a long term downward trend ultimately leading to that massive Brexit drop in June. Since then we see price consolidating in a symmetrical triangle near the weekly 111 area. I have developed multiple scenarios for this pair. 1. In my opinion it could still retest the 4h support (Pink Line) before making a charge to the 118 area....

FXBanker Updated 

Dragon approaching a weekly resistance. Just like GN a line had been on both sides been respected and bull power seemed to ease of on friday suggesting maybe its overbought and a short term retrace is on the cards. I will be monitoring the action around the trendline and should price fail to break it throughout the week a short position back to support could be...

FXBanker Updated 

GU showing signs of a medium term downtrend. Previous downtrend seemed to be broken but im getting a different picture (atleast for a short term) . Look at higher time frames and it looks like a Triangle settling so the down move might be contained in that. Nevertheless I will wait for retest or enter aggressive with a small position.

FXBanker Updated 

AU has been stuck in a consolidation on H1 and lower frames but Long term sell opportunity.... Previous uptrend was broken with friday (26th) close... I have a sell Limit at the blue area but an agressive sell can also be warranted. 1st Target is the conservative 0.75398 area but I will move my stop there and let it run