opentrader08

opentrader08

Hello Traders, From a technical perspective it makes sense to sell oil at these levels for a retracement towards the red line, witch is perfectly aligned with the Fib Retracement. This is a trade only for people that have buying power and can afford to risk. RSI also overbought witch calls for a correction. After that retracement (if or when it comes), there is...

opentrader08

As far as I see the crypto market as of now, we have 3 major accumulation zones near by and I intend to take advantage of this drop by buying more at those levels. This is how I see thighs in a long term perspective. For trading short term those levels are as well good buying zones with at least $1500 take profits. Good luck and stay safe out there .

opentrader08

Hello Traders, This is my first update of 2021. I chose eurusd, because i find it very interesting at this moment. When everyone says a bigger correction is due and dollar should get stronger, I see it a little different. I see dollar continuing to suffer in 2021. So my setup on eurusd is to accumulate long positions with each and every drop of the price. First...

opentrader08

Hello Traders, I come with an update on my EURAUD trades. For more info check out my previous posts on euraud I am bullish on this pair. And now since it broke the resistance (blue zone) I have a long position until the yellow zone. My guess is that we will see the price ranging for some time in between the 2 zones so each time it approaches the resistance zone i...

opentrader08

Hello Traders !!! After the latest analyze that I posted on EURAUD was extremely successful and took more than 400 points out of the market, I believe it is time for a new update. At this stage everything is bearish on the currency pair however I believe thighs will change. After EURAUD reaching 1.68 I was expecting a retracement around 1.6580 (previous...

opentrader08

Hello Traders. Hope you are doing well out there. As I look at gold, i see that it respects very well the Fibonacci levels (as you can see it on the chart) and that makes me believe that if the 50% level holds and gold closes above $1877 then we will see price advancing towards $1920 where the next Fibonacci level is. In extension we can see gold also above $1960...

opentrader08

Hello Traders. Hope you are doing good. Yesterday I had the chance to close all 3 of my buying positions on profit and now I am waiting for a good entry price. This is how I see the setup on it. Correcting around 1.6350 zone and from there I will buy with long term target of 1.36 or even 1.37 depending on the price action at that time. Hope this helps you with...

opentrader08

Hello Traders. Hope you are doing well. As I see EURUSD at this stage the bullishness can continue in the context that the FED will announce tonight that the curent fiscal policies are here to stay as long as it is needed . Also hedge funds are betting on a weaker dolar, so for this one I will go along with the "big players". This is a short term trade and I...

opentrader08

Hello traders. Hope you are doing well!!! As i see, oil is trying to break down this resistance zone. SELL only if the resistance is broken with take profit at the first blue line. And after that expect a small rebound and then sell for the second target on this chart. But I will come with an update at that moment. AGAIN -- SELL only if the resistance is...

opentrader08

Hello Traders. Hope you are doing well Gold is consolidation above the structure line and after yesterday's break above 2000$ at the exact level I predicted ($2015) I believe that price action is getting ready for another push to the next structure level, $2033 I entered another buy on gold with a target at $2033, but paying careful attention to yesterday's...

opentrader08 Updated 

Hello Traders. Hope you are doing well In my opinion Gold is in full consolidation phase and has upside presure with the 6 month trade review between US and China has been postpone. I entered into a trade with a take profit at $2015 but i will be watching to see what the price does around the blue horizontal line. If the price passes there with ease then I will...

opentrader08

Hello Traders! Hope you are doing well. After my previous trades on this pair were a great succes, the pair started showing some interesting moves. I am already into a buy trade from 1.6514 with take profit at 1.67 thinking that the pair will go directly above the weekly resistance that I drew on the chart. So now there are high chances for the price to retrace...

opentrader08

Hello Traders. Hope you are doing well. IF you guys so my idea yesterday and took advantage of it, congratulation. Now, what i would like to see is a retracement of at least 50-60 points from the 1.64 level so I can enter again in a long with target of 1.6550. If that happens it will be a 200 points trade. Good luck out there!! Share your thoughts in the...

opentrader08 Updated 

Hello Traders. Hope you are doing well. On EURAUD we have a setup that might be very profitable in the next few days. As I am seeing, the pair is bellow a trend line resistance and if it breaks that resistance it has potential for a move towards 1.64 even 1.6450. That is more than 150 pips for the trade. The other scenario, resistance holds and the Australian...

opentrader08

Hello Traders !!! Hope you are doing well I am listening live to the ECB press conference and one piece of information that traders apparently are ignoring for the moment is this direct quote from Lagarde : " Based on the current price of oil and the future one, we believe that inflation will decrease in the future" As we know, oil is the main driver of...

opentrader08

Hello Traders!!!! hope you are doing well In long term i believe that the pair will go higher but in order to do that it needs a retracement to gather liquidity and power. So i am short until the target and then according to price movements will go long from the 0.92 area with target in the 0.95-96 area. Let me know what you think about it. Let's grow...

opentrader08 Updated 

Hello Trader!!! hope you are doing well. EURAUD is was on my watch list for a long time now. Yesterday Melbourne returned to lock down for another 6 weeks. So I believe strongly that EURAUD will go up. First step is the 1.6550 area after that we can look towards 1.6750 and even 1.7160. Share your toughs and ideas on the chat so we can grow together. Best of luck!!!

opentrader08

Hello Traders!!! Hope you are doing well. As I am seeing gold at this stage is trying to consolidate above 1800 levels. The last time at this levels was in 2011 when the price was coming down from the maximum and never got passed these levels again, so it is a strong resistance. On short term you can trade this channel by selling from the top with 10-15 dollars...