OGFXTRADER

OGFXTRADER

It might be an early signal, but GJ is forming a solid bearish pattern by three musketeer candles (evening star). Potential downward movement at the end of the rising wedge pattern. Short entries after the pattern breakout for higher confirmation are recommended—Trade what you see, not what you think. -- *** If you like the idea, please don't be shy and...

OGFXTRADER

GJ has formed a bearish continuation pattern, although still too early to place any trade. It will remain on my watchlist for this week. Check level 150.470 for bearish confirmation. Today's UK Bank Holiday, we could expect less liquidity on the British pound and a market dominated by speculators. -- *** If you like the idea, please don't be shy and click on...

OGFXTRADER

The Fiber has been trading, forming a descendent channel since the beginning of the month. Currently persisting in breaking the resistance from the channel, showing seller rejection in the last seven hourly candles. Capped to move forward, we need further confirmation before getting bias. Bullish break out could bring the price close to the next handle around...

OGFXTRADER

Asian trading hours have witnessed some minor gains, with the UJ heading to test the 110 handle. A bullish confirmation above 110.350. However, at the intraday candles, a bearish continuation pattern has formed. The rising wedge might signal a short consolidation before the subsequent downward leg formation towards the 109.100 handle. Check on the daily...

OGFXTRADER

Bulls have raised the bullish flag in the realm of H1 candle, gaining positive traction, drawing a bullish continuation pattern signaling a potential upward momentum with the yellow metal. Check level above 1,790 handle for long entries, with targets at 1,830 (previous resistance level) and finally at 1,870 by main pole projection. Wait for confirmation, be...

OGFXTRADER

🇦🇺🇺🇸 The Aussie has printed a bearish continuation pattern. Recent breakout and retest of the structure might be signaling a potential downward movement. While the persistent upbeat mood remains in the US dollar together with covid concerns shadowing the Australian government, the Aussies bears could be lining up. Manage your risk, and wait for confirmations....

OGFXTRADER

As forecasted, the sellers' pressure continues to control the energy market. After the H&S reversal pattern, the market consolidates while shaping a bearish continuation flag that dropped the WTI price towards a major ascending trendline. Bulls are struggling to keep the price above the $67 handle. Complicated task as headlines about China mobility restrictions...

OGFXTRADER

✴️ Gold remains under the left foot, with sellers taking control since the opening of the Asian session. Yesterday's pullback towards the Fib level 5.0 registered the end of the correction. However, the bearish tone aiming at the 1,790 support level may be hindered, as investors expect a Dovish remark from the Federal Reserve governor Mr. Bowman later today. A...

OGFXTRADER

After trading above 110 handle and a couple of days in consolidation, the bulls have regained control—a clear H&S pattern for potential uptrend movement is formed. Remember today at 9:45 pm (HK local time +8GMT), a broader market risk sentiment with the release of "flash US PMI" might happen. Happy Friday, and don't forget to keep the risk tight. -- *** If you...

OGFXTRADER

In the real of the daily candles, the market closed last Friday with a Doji bar just above the psychological support at $71. The long-awaited OPEC+ meeting on Sunday, where their members agreed on gradually adding supply to the market, brought skepticism to the energy sector. Appealing projections about the global demand getting back to the pre-pandemic level...

OGFXTRADER

In the realm of daily candles, the price action has been clearly trading in a bullish pattern. The price reaching the ascending channel's support trendline opens clear opportunities for potential long entries above the 1.0932 handle, acting as a resistance level if the price manages to break above check into a smaller timeframe for entry confirmations. ...

OGFXTRADER

Bulls took control before the opening of the London session, taking the American benchmark to fresh grounds testing the $74.52 level. ON WEDNESDAY, the US energy market reported a drawdown of 6.7MM in their inventories, signaling a potential upward momentum. However, in the long run, we may potentially see a market correction after two months of a clear bullish...

OGFXTRADER

Today the market recorded a double bottom, signaling a pullback towards a critical level for a potential deep downward continuation. The bulls will find a descending trendline, golden Fibonacci level, and a supply zone at the critical level. An exciting battlefield where bears might gain control of the game and move the price action to the previous support zone....

OGFXTRADER

Although much analysis shows a bullish US dollar, the Ninja price action shows some fatigue getting close to a strong resistance level. Additional, checking on DXY daily candles yesterday, it closed with a solid bearish candle forming a tweezer top pattern, unable to break the 90.30 handle for a potential pullback confirmation. Let's wait for confirmation once...

OGFXTRADER

After the breakout of the ascending channel, the price is finding resistance on Fib golden level 0.618. Confirmation by candles is expected for a bearishness prospect before placing any trade. *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***

OGFXTRADER

After last week's NFP unexpected red results, the DXY remains under seller pressure- Barely holding on to the 90 handle. A breakout of that level could bring a strong bearish momentum that might get prices around 89.70 -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***

OGFXTRADER

The price has been trading in a consolidation channel since the first week of May. Finding rejection from the channel's support level the price might get in control of the bulls. Manage your risk properly, and keep in mind today's BOC (Bank of Canada)rate statement and WTI crude oil inventory. -- *** If you like the idea, please don't be shy and click on the...

OGFXTRADER

The price has reached strong support at 1.0932 handle, although under a sellers' control from a broader view, this level has kept the fort since May 11th preventing the price from visiting lower terrains. Wait for confirmation by candle before placing any entry. -- *** If you like the idea, please don't be shy and click on the like button; also, comments are...