Zoen_Trieste

Zoen_Trieste

Apple went for the measured move after extended pullback consolidation. Achieving measured moves is usually followed by another round of pullback consolidation . Though the trend is up, short sellers can also make money as the price action shows a broad channel up. Though short selling in uptrends is a risky business, it seems reasonable to sell short around...

Zoen_Trieste Updated 

BTC/USD has been trading in a downtrend these last days. I am expecting another push down before buyers start accumulating around 1/3rd of its highest selling price. Entering short as close as possible to $8600 with stops above $8800 and looking for 2R/3R targets around $8000-$7600 seems reasonable.

Zoen_Trieste

A bigger picture on BTCUSD provides better understanding of price action and long-term direction . The third of highest selling price is clearly attracting demand and supporting price . The pair is forming a complex pullback pattern with 1/3 of the highest selling price as the bottom. This triangle's ABCD legs are formed already and currently the E leg down...

Zoen_Trieste

Gold is trading within a trading range these last couple of weeks. Currently sitting at the bottom of its trading range . A long trade here is justified in terms of past performance and market inertia factor . Stops are below breakout level and t argets are double the risk . Worth a try.

Zoen_Trieste

USOIL is going through an extended consolidation phase where some decent opportunities for both buyers and sellers are present. I expect aggressive sellers will take this down to 7056 where I am looking to initiate a pullback long position with stops below recent low of 7024 and targets around 7097 and 7154. This is 2R trade with lower probability than 60/40.

Zoen_Trieste

EUR/USD is currently warming up after a nice PB. Applying MM to this chart gives us targets of 1.24 and 1.2 with stops below PB low of 1.17. Nice RR but low probability. Worth a try.

Zoen_Trieste

We had a nice pullback in USOIL and price action now is clearly showing bullish trend continuation. Though this market seems overstretched, bulls are jumping on any chance they get to buy the dips. USOIL is seemingly going to test 7250 before any significant break.