PeNuel2020

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) REJECTION AT KEY RESISTANCE The upper area marked with green rectangle is a key resistance zone from history. When tested, price often reacts to it and needs to break it upside to keep rising. Currently price has tested it 2ce and has been rejected. SUPPLY ZONE The upper area...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEY RESISTANCE LEVEL/ TREND LINE RESISTANCE The price region of @152 is a key resistance level that can not be overlooked. Price has retraced to that point and now is rejected. This is a good R:R setup. Also, there appears to be a fake-out (marked with a square). There need for...

PeNuel2020 Updated 

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) BULLISH PINBAR On Wk1, this is what is formed as a rejection candlestick from key support area and likely to close above another key support (above @133). Hence, we can start to think bullish for this week. NEW HH AND HL FORMING On H4, we can clearly see how price action is...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) ASCENDING CHANNEL STILL INTACT - UPTREND STILL INTACT As you can see, @1.25 is a psychological level that will be respected. As long as the channel is not broken downside, stay bullish. FOMC AND FEDS RATE DECISION This is the news that will generate the much volatility needed on...

PeNuel2020 Updated 

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) NEW HH AND HL FORMING On H4, we can clearly see how price action is carving new HH and HL. All we need is a breakout of the immediate resistance and proper retest of it, preferably above @110.50 and that is what we can see currently. So, we're good to go on a buy. MARKET GAPS...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEY RESISTANCE LEVEL REACH The price region of @88 is a key resistance level that can not be overlooked. Price has retraced to that point and now is rejected. This level also is the 50% Fibonacci retracement level from the recent swing and low on Wk1 time frame. This is a good...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEY RESISTANCE LEVEL REACH The price region of @152 is a key resistance level that can not be overlooked. Price has retraced to that point and now is rejected. This is a good R:R setup. Always remember that nothing is fixed. So, stay very safe and observe all your trading plan...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) BULLISH PINBAR On Wk1, this is what is formed as a rejection candlestick from key support area and likely to close above another key support (above @133). Hence, we can start to think bullish for this week. INVERSE HEAD-AND-SHOULDERS PATTERN On H4, we can clearly see how there...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) BULLISH PINBAR On Wk1, this is what is formed as a rejection candlestick from key support area and likely to close above another key support (above @84). Hence, we can start to think bullish for next week. CYPHER/SHARK PATTERN On H1/H4, this is a typical pattern that I often...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) BULLISH PINBAR On Wk1, this is what is formed as a rejection candlestick from key support area and likely to close above another key support (above @77). Hence, we can start to think bullish for next week. CYPHER PATTERN On H1/H4, this is a typical pattern that I often like to...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) BULLISH PINBAR On Wk1, this is what is formed as a rejection candlestick from key support area and likely to close above another key support (above @81). Hence, we can start to think bullish for next week. SHARK PATTERN On H1/H4, this is a typical pattern that I often like...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) ACTIVE DESCENDING CHANNEL This is an active descending channel and we can go short from this channel top resistance as the price action around here is good, with low risk and high reward, provided it comes through. But always remember, nothing is fixed in this market. So, do your...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) BROKEN FALLING WEDGE Just follow you heart and what you choose. Low risk and high reward the setup is! DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for educational purposes only and they are my personal views on these assets....

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) I'm holding a buy position above @1800-1810 for these reasons: The multi-months channel is broken out again upside for a second time in the last couple of weeks; The overall bias on Wk1 chart is very bullish above @1800, as I analyzed earlier in previous post; A rejection...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) BROKEN AND RETESTED DESCENDING CHANNEL All you just need is to see if the trade does agree based on your risk and money management and trading plan and psychology, and with your analysis and all. Stay safe! DISCLAIMER: Please note that this is not an investment advice for...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) BROKEN FALLING WEDGE All you just need is to see the retest and the trade it based on your risk and money management and trading plan and psychology, if it agrees with your analysis and all. Stay safe! DISCLAIMER: Please note that this is not an investment advice for anybody to...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) BROKEN FALLING WEDGE All you just need is to see the retest and the trade it based on your risk and money management and trading plan and psychology, if it agrees with your analysis and all. Stay safe! DISCLAIMER: Please note that this is not an investment advice for anybody to...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) BROKEN FALLING WEDGE All you just need is to see the retest and the trade it based on your risk and money management and trading plan and psychology, if it agrees with your analysis and all. Stay safe! DISCLAIMER: Please note that this is not an investment advice for anybody to...