Zoen_Trieste

Zoen_Trieste

The price has clearly found support around 1.1540 and is now already at median line of this inside set. Another push towards the MLH is expected. 1R target is reached.

Zoen_Trieste

Gold broke out of longterm supply line and is forming a triangle pattern. The rising demand line of the triangle formation increases the chances of some demand being attracted at this point. If there is a failure here, the broken supply line retest scenario becomes more apparent. Buying 1240s with stops below 1200 and looking for 2R-3R targets seems reasonable at...

Zoen_Trieste Updated 

USOIL bears are entering around 0.618 retracement level and potentially could take this down to 0.382. That would be 2x1 Gann line and demand is expected to step in around this level. In order to secure some ticks to reverse long at 0.382 (around 6700-6750), a .5R short setup from here seems reasonable. Buy stops are around 1R levels.

Zoen_Trieste

BTCUSD has been going through an extended pullback pattern. The minor trend remains down and the time for breakout or pullback failure is drawing near. The supply line currently sits around the level $6700, failure to breakout around this area will potentially mean that BTCUSD is going much lower to find demand. The spring daily candle around previous lows is an...

Zoen_Trieste

USOIL bears couldn't hold below key support level around previous high of $66.66. Failure test is pretty much evident at this point but there's still a shimmering light of hope for bears. Oil bulls have already taken back 61.8% of the correction range, if supply fails to turn the tides around here, bears' stop buy orders will add on to the upward extension and the...

Zoen_Trieste

Currently USOIL is testing upper MLH of inside fork as well as the lower 0.5 of regular fork based on pivots that were formed later. An inflow of supply at this level is expected. Selling short 6635 with 1.8*ATR stops and looking for 2R-3R targets below is the plan.

Zoen_Trieste

Gold is moving towards 1295, the 0.618 retracement of recent gap and .236 fib extension resistance of previous bear leg. The established trend remains bearish and lower lows and lower highs are evident on 240 graph. Higher TFs show that there is a potential for support as continuation of bigger bullish move on weekly might attract demand so staying alert for a...

Zoen_Trieste Updated 

USOIL is seemingly done painting a pullback pattern. It reached 0.618 retracement level of previous bear leg, as well the 0.236 fib extension is pointing to the same level. If this market continues with the recent downtrend, these two levels should attract supply and a break to previous lows can potentially occur. The inside fork's MLH on bear impulse move pivots...

Zoen_Trieste Updated 

EURUSD is going to be pretty volatile today.., there are some fundamental news that will mess with the technical players like myself. Seems like a good chance to catch a limit buy around 1.1675 with stop sells below 1.1590 and 2-3R limit sells.

Zoen_Trieste Updated 

EURUSD is gaining bearish momentum after hitting the 0.618 fib retracement of last bear leg and reaching the upper MLH of inside fork based on the entire bear move since its peaking. The market at this point normalised the oversold condition and the 4H 150 MA is reached, making it a perfect spot for trend continuation players to step in. Selling 1.1790 with...

Zoen_Trieste Updated 

CLQ18 is approaching resistance zone and can potentially head back to 6550 at least. This lower TF setup is based on Gann fan 1x1 line potentially attracting supply as well an inside fork centerline being tested currently. Stop buys should be above 6650 and 2R target around 6550.

Zoen_Trieste

USOIL rebounded from a second leg down from its top. The minor trend still remains down but a mean reversion pullback formation is taking place. Higher TFs show a great entry level for swing buyers. Being almost at the 150 day moving average and the overextended state of this market being normalised, it is probable that some demand will be attracted here. The...

Zoen_Trieste Updated 

USOIL has been in a steady downtrend these days. Going long here is a risky business but looking at the PA could work out fine. Strict risk management is of utmost importance. The Median Line of this inside for is considered as a 1.5R target. As well, the price is retreating after reaching 100% fib extension of the previous swing down. The same pivots are used for...

Zoen_Trieste Updated 

Gold wants higher but bears are giving a good fight here. The minor trend is down and 0.236 of fib extension of the last leg down is clearly showing signs of resistance around the level of 1310. This long set up is essentially a counter trend setup which is not recommended usually but given the current circumstance, it might work out fine. Failing around this...

Zoen_Trieste

My previous USOIL trade setup failed dramatically. Losing trades are regarded as a business expenditure once risk management is set up properly. It seems USOIL is going through the long-awaited pullback to bring this market back to normal state form being way too overextended. I anticipate bears will try to take this down to around 6750 where they will potentially...

Zoen_Trieste Updated 

GS seems to be attracting demand recently. The trend down is losing momentum and it might just be the time to enter an anti set up here for a modest 1.5-2R target. Though sellers can enter this market any time, it seems more probable that bulls will take this higher to the Warning Line.

Zoen_Trieste

Gold broke its trading range to the downside but bears are seemingly not capable of taking it lower. Taking long positions at this stage is justified with tight stops under recent low of 1282 . The R:R could be better on this trade but that's one of the drawbacks when traders wait for a breakout of the trading range as a confirmation to enter the market. There...

Zoen_Trieste Updated 

There's a constant inflow of demand for USOIL. Dips are being bought by trend continuation players without hesitation and the overextended state of this market is not scaring bulls away. Given the HHs and HLs , it seems reasonable to buy around 7150 with tight stops under recent lows around 7120 . Lower probability set up with decent R:R.