Hello traders in this article i will try to explain what is a GOOD trade and how i am trading EURUSD! I shared this trade with some of my very good customers and friends and i am happy they listened. The trade which i am long time now,on EURUSD since we break the 61.8% Fibonacci retracement level with a gap up of the impulsive downward move of the 2016-11-09 and...
Lately we have seen a lot of catalysts as far as WTI Crude Oil but less and unreasonable volatility than expected. We had: 1.O.P.E.C enlargement deal. 2.Libya's and Nigeria's supply growth. 3.Arab nations cut ties with Qatar. 4.US increase Oil production 10 months straight with new cheaper drilling methods. 5.Summer rally seems to have an effect on inventories...
Lately the AUDUSD has been ultra bullish with non-stop rally but... TECHICAL OBSERVATIONS 1.We have RSI entering 80's area signaling an overbought market. 2.We have also Stochastics in overbought area. 3.We notice also Fibonacci confluence as we are at the 1.414 Fibonacci extension from the last swing. 4.We approaching great weekly resistance and psycological...
After having small profits from first target of bearish Shark pattern(Blue) now we have a possible bullish Cypher pattern on GBPUSD 4H timeframe(yellow). As we can see the over-extended market is ready for a correction.Of course we are not expecting so deep correction immediately but a multiple wave correction,plus pattern is not yet valid. We can easily short...
Hello traders,after having a solid month on fores,stocks and commodities let's talk about Gold. Gold after reaching it's top for the previous move and creating a reversal double top formation as we have warned you,now it's creating a pennant-triangle pattern which we believe it's continuation formation for this Gold's move. It's was more than obvious that gold...
Hello traders,as we can see we have a nice oppurtinity to involve on a long trade on USDCAD on daily frame. TECHNICAL POINTS 1.As we can see we have a bullish Shark pattern completion soon. 2.We have bullish RSI divergence as price makes lower lows but RSI not. 3.Stochastics are in oversold levels. 4.200EMA has a slightly positive slope which is favoring long...
It was about time to see some correction to one of the most profitable sector since 2016 and technology sector is already started a correction. When it is going to stop we will see,but for sure not yet. Google just got a record fine of 2,7$ billions from EU,Apple dissapoints with recent sales on I-phone and innovation and technology sector down it goes after...
Hello traders,we have a counter trade for you as we have already an excellent bearish gartley pattern on daily chart. Due to my work office i couldn't post this trade earlier despite i have already taken it. But as it looks from the Stochastics we will propably have another re-test and another chance to involve in this trade,despite that it offers a good...
Hello traders, we have a nice trade oppurtunity at USDJPY on 4H chart. TECHNICALLY POINTS 1.As we see at the chart we have a bearish Shark pattern completion. 2.We also have bearish RAI divergence. 3.Stochastics are in overbought level. 4.200EMA have a descending slope so shorts trades are favoring. 5.We broke important trendline and we haven't seen a retest...
As i tried to warn the Gold's bulls about this ''fake rally'' at my previous article now it's good time to start to search for a reversal area. Gold as most metals are still in a bear market.From the long-term view on gold we can undesrtand that after the 5 wave structure of the 5 Elliott waves we can are in a A-B-C correction waves as mentioned in previous...
Carnival corporation has been in a huge rally but lately we can see some signs of fatigue that we cannot ignore. TECHNICALLY OBSEEVATIONS 1.CCL stock seems to respect well the 1,618 Fibonacci extension as you can see it moves at those levels after every pulback.(I didn't do it for every pull back to keep the chart clean but you can try it,it works almost for...
As we see at the chart we have a bearish Cypher pattern at the daily chart. 200EMA currently flat without favoring shorts or longs positions but we have a very well repsected trend line(blue line). TECHNICAL POINTS We can enter the trade waiting a nice entry reason such as double top or a re-test of the descending trend line with bearish RSI divergence. Or you...
It's been a tricky trading 10 day period for those who they were trading gold.We had a lot of catalysts which we can say up to this point that they haven't moved the safe haven asset of gold as expected. TECHNICALLY Gold validated again the ascending channel and we can see that is well respected also. Gold is currenlty in consolidation mode forming a rising...
As we can see we have a lot on USDJPY daily timeframe to watch out. The Trump trade as people like to call it due to it's sensitivity to political facts,as people tend to dump US dollar and buy Japanese Yien in times of crisis and turbulence as safe haven asset and vice versa. So let's get to the point: TECHNICALLY As we notice price is trying to establish the...
Record expansion in Australlia continues after data showed that australian economy grew by 0,3% the first quarter.Meanwhile AUD/USD is trading at 0,7550. Although it's rally,we can see that the australian dollar is ready for a ''digestive'' pull back after that rally forming a bearish advance pattern and goinh towards a resistance area. As we see at the chart we...
As we correctly predict the rising triangle broke upwards and hit the projected targets as mention at the previous article attached below. The question is what Gold 1.05% is going to do now? The current price action is bullish but with bearish signs. First of all the triangle did not broke with high volume .Second sign is the RSI divergence that it is obvious....
We have almost a completion of a bearish gartley pattern on daily chart of Australlian dollar at 1,27% Fibonacci extension of AB leg of the formation. If we take into consideration our view on Gold which is bearish and highly correlated with AUD we might seeing the completion of a bearish Gartley pattern and we won't have the oppurtinity to see the bearish...
Very good entry on this last counter leg bounce of silver. A lot of traders ask me now what? Now the current trend line on hourly chart has lust broken.You can wait for a re-test of the trend line nad short it. Keep in mind that fundamentals stay unchanged supporting a price near 15$/OZ area. TECHNICALLY 1.WE CAN SEE THE 61,8% FIB RETRACEMENT OF THE INITIAL...