mytw0cents

mytw0cents

SILVER Following the daily breakout, I see an instant position at 4hr tf. (green) to ride the trend Breakout at $24.868 on a monthly could provide a nice opportunity to buy silver dips. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe...

mytw0cents

After failing to stay above the 156.076 level on a monthly candle, the GBPJPY fell and targeting 149.226 level. With a tight stoploss, a rejection of 154.008 at 4hr TF seems to be an early opportunity to ride the trend. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my...

mytw0cents

someone use to say commodities or consumables - they r consistently in demand. therefore buy @ demand is the safest means of trading them Last week, oil was going higher, peaking at $85.39 before falling to $78.28 before finishing the week at $81.34. As far as I can tell, the price has already tested the demand zone at $79.12. I see a short opportunity if the...

mytw0cents Updated 

hi traders Last week, the gold price began to rise from 1759.956 and ended the week at 1792.525, which was below the weekly high after failure to close the previous high of 1808.660 So, for the coming week, the plan is to re-enter a short position at 1801.060 or 1796.494, with a target of 1764.235. In sideways counting, a daily breakthrough level of 1764.235...

mytw0cents

When it comes to gold, Yes, shorting is still preferred. Crushing gold on August 9th, though, leaves long wick a little puzzled. So I'd like to see if gold can close as a bear candle at the end of the month. However, for the time being, a two-position high-low level is my preferred level for short-term long-term trading. Please check my previous gold trade...

mytw0cents

Silver managed to breakout of a week of sideways trading last week, ending the week high at 24.87150. However, on the weekly chart, silver has already made a new bottom, and the current rise is probably a short-term retest of the previous weekly high 24.87150 So, if there is a rejection at level 22.72450 and a breakout at 23.59300, I see a chance to short-term...

mytw0cents Updated 

I'm shorting after price rejected on a daily basis. sl $76.5 targeting $69 ❤️Please, support this idea with like and comment!❤️

mytw0cents Updated 

hi traders and followers.. i wish u all the best in your trading so this is my trade plan for this week. For those who are unfamiliar with the trade plan and structure, please see my earlier post. Last week, the xauusd settled at a lower price of 1737.840, and it has now broken through to a new lower low.. As a result, any market retracement is an opportunity...

mytw0cents Updated 

hi traders and followers.. i wish u all the best in your trading so this is my trade plan for this week. For those who are unfamiliar with the trade plan and structure, please see my earlier post. Oil is trading higher after breaking over previous barrier and setting a new high on the daily TF. we had 2 open position long for oil started $67.63 and again...

mytw0cents

hi traders and followers.. i wish u all the best in your trading so this is my trade plan for this week. For those who are unfamiliar with the trade plan and structure, please see my earlier post. as for silver.. Silver is trading sideways and showing rejection at $23.14 after last week's breakout to a new low on the daily chart. again same with gold.. any...

mytw0cents Updated 

In terms of silver, the levels 22.52272 and 21.85045 are critical... a break below these levels might send silver even down. 21.00096 Because silver has two levels to break out of, I strongly advise waiting for the 22.52272 breakout and a pullback to the Lower High LH level before resuming shorts. or a rejection at level 22.19300 before attempting to oppose the...

mytw0cents Updated 

The GBPJPY has had a strong run, rejecting both the weekly resistance levels of 152.864 and 152.553. GBPJPY, on the other hand, is trading sideways on a weekly basis. With two daily rejections so far, 151.455 appears to be a significant resistance level, and a breakthrough level of 150.567 is confirmation to sell at 151.455. or I take a chance on a 151.455...

mytw0cents Updated 

Last week's price breakout on weekly support at 1789.690 was followed by a retest of 1806.023 and a further dip 1745 If the daily close falls below 1750.740, I'll be seeking to counter the trend at 1739.890 until 1764.235 or 1780.670 before resuming shorting. target 1680 or 1660 My trading strategy isn't intended to be used as a signal service. It's a process...

mytw0cents Updated 

Last week, oil failed to break through the $67.63 support level and rallied back, retesting the trendline. So the trade plan for next week is to hold the buy position from the previous week and see if oil can break over the trendline. (Please review the prior trade idea to get a better picture of what I'm talking about.) Breakout of the trendline might push oil...

mytw0cents Updated 

I believe we have a pattern for a cup and handle. aftter a pullback at 61.8 price manage to breakout 149.473 level on 20 Aug targeting 145.7 My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all

mytw0cents Updated 

The fundamentals of silver are essentially identical to those of gold. The RSI in the 4 hour timeframe is overbought, but there is still more to go daily. a pullback to $24 could be a favourable time to buy silver.

mytw0cents Updated 

as for oil i like to see a breakout below $67 before jump into the market.. any failed a breakout $67 its time to long on oil My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all

mytw0cents Updated 

Gold has risen in three weeks due to a weaker dollar. CPI data for the US was released on September 14th, and the earlier CPI data was 0.5 percent. We may see a sideways market in gold this week. I see a pullback around 1808 and 1800 as an opportunity to go long gold before the US CPI data is out. My trading strategy isn't intended to be used as a signal...