Olu

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About me I am a community pharmacist living in the UK. Married with 2 children. I love sci-fi and music I like to keep things simple. For me the simpler the chart the better. I generally trade the 4h upwards timeframes.
Joined UK
Markets Allocation
51 % forex 23 % commodities 4 % indices 22 % other
Top Mentioned Symbols
DXY 9% | 55 EURGBP 5% | 36 USDCAD 4% | 29 NZDUSD 4% | 29
Olu Olu DXY, 240, Long ,
DXY: DXY: Some Upside Might Be Due From Here
38 0 3
DXY, 240 Long
DXY: Some Upside Might Be Due From Here

Comments on the chart

Olu Olu GBPUSD, D, Short ,
GBPUSD: GbpUsd: Bearishness Prevails
68 0 3
GBPUSD, D Short
GbpUsd: Bearishness Prevails

Comments on the chart

Olu Olu GBPUSD, 60, Short ,
GBPUSD: GbpUsd: Intraday Chart Is Looking Lower
51 0 1
GBPUSD, 60 Short
GbpUsd: Intraday Chart Is Looking Lower

Comments on the chart

Olu Olu DXY, 240, Long ,
DXY: DXY: Support?
37 0 2
DXY, 240 Long
DXY: Support?

Comments on the chart

Olu Olu AUDUSD, 240, Short ,
AUDUSD: AudUsd: I Am Looking Lower
41 0 1
AUDUSD, 240 Short
AudUsd: I Am Looking Lower

Comments on the chart.

Olu Olu GPRO, D, Short ,
GPRO: GoPro Might B Going Nowhere But Down
61 0 3
GPRO, D Short
GoPro Might B Going Nowhere But Down

Comments on the chart

Olu Olu QRRF2018, D, Long ,
QRRF2018: Rough Rice: Upmove Coming Soon
9 0 1
QRRF2018, D Long
Rough Rice: Upmove Coming Soon

Comments on the chart. Please note that the 5 wave upmove is just on the chart to show what I am expecting after the current downdraft is over. It is best to get long after a bottom is confirmed for reduced risk

Olu Olu DXY, D, Long ,
DXY: Bullish DXY
35 0 5
DXY, D Long
Bullish DXY

Comments on the chart. By the way I believe there is an even bigger trade in the making when this upmove is done. According to EW DXY could then fall to 87!. One step at a time though

Olu Olu GBPUSD, D, Short ,
GBPUSD: GbpUsd: Looking Lower
41 0 1
GBPUSD, D Short
GbpUsd: Looking Lower

Comments on the chart. Would not like to see a breakout to the upside. That would mean this idea is more than toast

Olu Olu SUGARUSD, D, Short ,
SUGARUSD: Will Sugar Lose Its Taste From Here?
29 2 3
SUGARUSD, D Short
Will Sugar Lose Its Taste From Here?

Comments on the chart. The market has a way of faking a breakout and then turning tail and going the other way. So I am checking this one out

Olu Olu WHTUSD, D, Short ,
WHTUSD: Wheat: Might Be Heading For $4  Round Figure
38 0 5
WHTUSD, D Short
Wheat: Might Be Heading For $4 Round Figure

Comments on the chart. A break of 422.50 on this chart, the low of the last bullish candle should help this idea a lot

Olu Olu USDJPY, W, Short ,
USDJPY: UsdJpy At A Crirical Juncture Right Now
70 0 3
USDJPY, W Short
UsdJpy At A Crirical Juncture Right Now

Comments on the chart. I am leaning more to the downside but will take whatever is given to me by the market

Olu Olu EURGBP, D, Short ,
EURGBP: EurGbp: More Downside Might Be In Store
37 0 4
EURGBP, D Short
EurGbp: More Downside Might Be In Store

For some reason the Text tool on the chart is misbehaving so I have to put my reasons down here instead of on the chart Fundamentally it is hard to publish this trade idea in the light of UK's Brexit issues. But right now there at TA justifications. Double Top Price moving below last week's low Strong downmove and a retracement that did not take out the previous ...

Olu Olu XAUUSD, 240, Long ,
XAUUSD: Gold: Sporting A Bullish Wolfe Wave
69 0 3
XAUUSD, 240 Long
Gold: Sporting A Bullish Wolfe Wave

Comments on the chart. Long term I believe gold is going towards 1200 I think the downmove will start from much higher

Olu Olu DXY, D, Short ,
DXY: DXY: Price May Be Going Down Now
58 1 3
DXY, D Short
DXY: Price May Be Going Down Now

comments on the chart. Price has been in an entrenched downtrend and this move up, which might be in the final stages of exhaustion, can be considered as a retracement. So we'll see...

Olu Olu DXY, D, Short ,
DXY: DXY: Lokking For More Downside Based On EW
95 11 3
DXY, D Short
DXY: Lokking For More Downside Based On EW

Comments on the chart. This means that if the idea plays out, the majors will appreciate against the $ in various degrees.

Olu Olu EURUSD, D,
EURUSD: EurUsd: Sporting A Forming H&S Pattern
124 2 6
EURUSD, D
EurUsd: Sporting A Forming H&S Pattern

Comments on the chart

Olu Olu USDJPY, W, Short ,
USDJPY: UsdJpy: Bearish Reversal Pattern On Chart
70 0 4
USDJPY, W Short
UsdJpy: Bearish Reversal Pattern On Chart

Normally the UsdJpy rises with rising stock markets. However price is having difficulty rallying to new highs on this weekly chart. Is it a sign of things to come? Is risk aversion slowly seeping into the markets? Only time will tell. We as technical traders must be prepared for when there is a 'tell' in the charts as to what price is going to do

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