mbarbar

mbarbar

As we can see we have both a Double top, as well as a reversed cup & handle pattern on the weekly chart. Both announce a bearish sentiment to the market for the coming months if correct. We can see gold retest 1680 level as it did 18/07, breaking that (very strong) support could cause the pair to depreciate to 1440-1446. I am personally opening a smaller lot,...

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We can see a perfect Fibonacci retracement playing out, that is if the 22/08 daily candlestick closes above the 38.2% level. If this goes through, we can expect gold to test 1807.92 level, and if it manages to break it, we can open a long position with TP at 1886. Purely technical, Jackson Hole today will significantly affect prices, trade safely! This is my...

mbarbar Updated 

Once again with my favourite strategy, we have spotted a potential appreciation of AUDCAD: • 3 MA's cross inside the bullish candlestick . • RSI crosses from under 50 to over 50 in the candlestick where the 3 MA's touch. • All while the Ichimoku convergence line crosses the base line during that candlestick . • Additionally, negative MACD decreasing, looking...

mbarbar Updated 

Thanks to the Jackson Hole symposium, we have a trend reversal for the EUR, let's break it down: • 3 MA's cross inside the bullish candlestick. • RSI crosses from under 50 to over 50 in the candlestick where the 3 MA's touch. • All while the Ichimoku convergence line crosses the base line in during that candlestick. • Additionally, MACD positive increase,...

mbarbar Updated 

Here we have our 3 Moving Averages inside the candlestick, with the Ichimoku convergence line crossing the base line, all while RSI goes from below 50 to over 50. This shows a bullish short-term trend since we are on the hourly chart. Personally opened a buy position at 1738.7, trade duration: 7-8 hours max. TP1: 1744 TP2: 1749.8 SL: 1734.85 This is my own...

mbarbar Updated 

If the 22/08 candlestick closes with the 3 MA's crossing in it, I will be looking to open a buy position on AUD/CAD. I will first wait for the 23/08 candlestick to close above 0.889. If we see this scenario happen, we can look at the pair from a bullish perspective, with the RSI crossing the 50 threshold, the candlestick closing above the ichimoku cloud, all...