davidshinkel

davidshinkel Updated 

With another year of easing ahead, combined with more stimulus packages (money printer goes brrrrrr), I'm expecting USD to continue tanking in 2021 which should send Gold to the ~2300 level. From a technical level we see a nice exhaustion candle at these lows. This setup has nice risk/reward and looks like a probable move.

davidshinkel Updated 

Both respective colored boxes are the exact same size . Yields up, GBP down. Flows nicely with Brexit negotiations finishing.

davidshinkel Updated 

This is the most logical setup imo. Of course anything can happen, use proper risk management.

davidshinkel

Simple. If you know, you know!

davidshinkel Updated 

This trade is coming the weekly/daily analysis just observing PA on H4. Correlation to the bull flag on XAUUSD as of writing and overall confluence with USD weakness from a dovish Fed (easing has begun). Let's see how PA plays out.

davidshinkel Updated 

From a technical perspective, EURUSD has been in a major accumulation period and I don't believe we can go lower without a major correction first. We've seen virtually no correction since the trend change in April 2018. From a fundamental perspective, as of right now the Fed has a dovish tone on USD and is expected to cut rates sooner than later, meaning we'll...

davidshinkel Updated 

Well if you see my other recent trade ideas just posted (AUDUSD, EURUSD, and USDCHF) I'm expecting US Dollar weakness. There's a lot going on on my chart but I don't care it's what makes sense to me. Main focus is the major exhaustion candle formed last week. Also talks of the 4th rate hike not happening this year anymore could cause some trouble for USD. I'm only...

davidshinkel Updated 

Based on technicals and confirmation on daily and weekly charts I believe the most favorable scenario is downside. Targeting 75.00 zone.

davidshinkel Updated 

Price Action suggests this possible manipulation

davidshinkel Updated 

If the other 2 ideas I posted on DXY and EURUSD work, this pair would follow suit with this similar setup.

davidshinkel Updated 

I believe DXY is gaining bearish momentum. Many technical and fundamental indicators. This will pull USDCHF back down and push EURUSD up. Also just looking at USDCHF from a technical perspective alone, we are rejecting off of parity which has proven to be a major supply zone and we're seeing bearish continuation patterns. In my Telegram group I called EURUSD...

davidshinkel Updated 

Check my other post with USDCHF and DXY, this correlates to those, mainly stemming from DXY weakness (99% negative correlation). US Dollar is showing major signs of bull weakness which will drive EURUSD higher on a weak Dollar. These are my targets based on TA. I called this bottom in my group over a week ago when price broke the yearly low's (fake breakout). t.me

davidshinkel

Called the bottom in my Telegram group in late October. Easy Wyckoff Method spotted (accumulation, then spring). Now currently in the markup phase a re-accumulating for low-risk buys. From a standalone TA perspective this pair broke the major downtrend of this year and AUD itself is oversold. Expected price target is shown above. t.me

davidshinkel Updated 

1.1900 could be the next target for EURUSD. Still overall bearish but in the coming weeks could see another 200+ pip rally from the bulls.

davidshinkel

This 5th wave is a likely scenario. The first 2 impulse waves (1 & 3) measure about 830 pips. The current wave we are in (5) is likely to see a push of about the same 830 pips putting price at about 1.3400. We're able to get a 4.2 risk-reward on this trade. While we see upside on this pair we should see downside on Gold XAUUSD

davidshinkel Updated 

Textbook bear flag. Expecting support to break and further downside along with this and GBPJPY.

davidshinkel Updated 

NZDUSD is at a major supply zone and finding selling pressure (large bearish engulfing daily candle). If the mild USD strength continues expect this pair to continue dropping.

davidshinkel Updated 

A necessary correction looks inbound. TVC:DXY may retest low-mid 91 level before possibly moving lower. DYOA (do your own analysis) before entering any trade, and as always use proper risk management.