MonkeyTest

MonkeyTest Updated 

All right, I've been watching EURAUD ranging since the beginning of the month.. it seems like we are almost ready for a break move! Indeed, BBW is shrinking like a felted woolen sweater, which usually means some big move is about to show up. On the other hand, some gentle hint of divergence on both RSI and StochRSI tell us to put out the feelers, while StochRSI...

MonkeyTest Updated 

What's up folks! This week's Economic Calendar is shaking Gold price like a coconut tree! Gold has fallen back to the Fib. support around 1300, which seems to be holding.. I still have a bullish view on Gold in the longer term, so this could be a good chance to enter LONG. BUT - before blindly trusting my gut, let's have a look at some key facts! 1. There's...

MonkeyTest

Interesting symmetrical triangle with chance of inverse Head and Shoulders. In case of a breackout abovethe neckline, first target price could be Fibonacci resistance at 1.435. In case of a breackdown below the lower trendline, first target could be Fibonacci support around 1.385, then 1.345. Let's wait and see..

MonkeyTest

$BTC Falling wedge on 4h chart, approaching Fibonacci support. This could be a strong bullish setup if resistance at Fibonacci level is confirmed. Are we close to a breakout? Keep watching closely..

MonkeyTest

XAUUSD is approaching Fibonacci support around 1300. On daily chart, DXY is currently showing a hidden divengence which would serve as a confirmation of medium-term downward trend. In accordance with such view, Stochastic oscillator on DXY is within overbought area. Such a scenario seems to indicate the approaching opportunity for a LONG position on Gold, once...

MonkeyTest

Back to EURUSD.. Upward trend line on daily chart is providing support: because of recent pullback, this could be a good opportunity to enter a LONG trade. Risk/Reward ratio could be better, so I'd stay conservative on position size. This is my trade with EURUSD: Entered 10X @ 1.232 SL @ 1.219 (inside resistance area) Target @ 1.253 (below recent highs)

MonkeyTest Updated 

BTC looks to be moving inside a descending channel. On the other hand, a long-term trendline could provide strong support to price action. If current resistance holds, a compression area with a strong upside potential could be forming. To be watched closely..

MonkeyTest

USDJPY succesfully tested resistance at Fibonacci level around 106.38. RSI and Stoch RSI are both near oversold area. Recent signals by Stoch RSI have proved to be good entry points. DXY has been gaining strength: this could be a good short-term LONG opportunity. Enter: 10X @ 106.9 SL below Fibonacci support @ 105.94 (-0.9%, which is consistent with current ATR...

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CADJPY just tested trendline support, both RSI and Stoch RSI are within overbought area (confluence). Stoch RSI is giving a buy signal, while Bollinger Band Width (BBW) seems to have almost completed the ongoing expansion phase, thus indicating that price action might invert and turn upwards. Enter: LONG 10X @ 84.98 SL: below yellow support area (- 1.5% @...

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XLE (Developed Markets Energy Index) has recenly tested relative lows: support area withstanded the recent drawdown. Long-term Fibonacci retracement level seems to provide further support. This could be a good opportunity to enter a LONG trade, since support levels look strong enough and we have plenty of room above. Entered @ 68.35 Stop Loss: Fibonacci...

MonkeyTest Updated 

EURUSD is close to trendline support and long-term Fibonacci retracement level provides further support. Dollar Index (DXY) is showing weakness. This could be a good chance to enter a LONG trade, since we have room above. Stop Loss: Fibonacci support (about -1% @ 1.2166) Target price: three times our risk (+3% @ 1.2643)

MonkeyTest Updated 

Rising Wedge seems to be forming. Potential entry point below support, stop-loss above resistance. Target at major resistance level, around 11500 What's your opinion about it? Your comments are welcome!