Hello Dear friends,
We just saw this high risk/reward opportunity for Gold.
After consolidating for a while, our team think that the bears will take the price over. But you can never know 100% what the market does, that is why we keep our risk-management strict.
Trade well and always protect capital!
Have a good week!
Looking at the 4 hour chart, you are noticing that the second wave of the price is broken and the downtrend is ended and probably this will result in a bullish move.
Pro-traders always think in probabilities,keep your risk small. Decent trade with a good risk/reward
If you take a look on the 4 hour chart of the S&P 1.14% , you are noticing that the price was in a huge uptrend.But this uptrend was ended when the price broke the 2887 level (second of the uptrend). Divergence was also present.
How I traded the market crash --> I had put a sell limit at the 2887 level with a stoploss at the 2902 level. Price tested the 2887...
If you take a look on the 4 hour chart of the S&P, you are noticing that the price is in a huge uptrend.But this uptrend was ended when the price broke the 2887 level (second of the uptrend). Divergence was also present.
How I traded the market crash --> I had put a sell limit at the 2887 level with a stoploss at the 2902 level. Price tested the 2887 level and...
If we look on the price chart of Gold, Its clearly visible that weekly support levels of 1236$ are reached, this gives counter-trend traders like myself the chance for a long opportunity
Several indications why gold probably will reverse on this key level
1.Strong weekly support.
2.Divergence on the daily chart, 12-hour chart and on the 8-hour chart.
Here we see a price analysis of Platinum and Uranium on the weekly chart.
Both the commodities took major losses in the recent weeks and according to my chart study and fundamentals overview, this downtrend will continue.
If we look at the Uranium weekly chart, the downtrend will continue until the strong weekly/monthly support levels (11.88 Dollar area). In...
A break through the 0.74 dollar area means that the downtrend in ripple is over!!!!!
The price is now going towards the 1.25 dollar levels.
the price can have a bullish move to the 1.25 dollar levels in 2 ways
- a bullish move from the current market price
-Retest of the 0.74 dollar area and the bulls can take control of the price again
My view over Bitcoin in the long term
A break above the 9160 dollar level will mean that de downtrend is over and will activate a bullish trend in Bitcoin
There will be a bullish move at least to the 1184 dollar levels and break above this level will bring bitcoin to the 20.000 dollar level
Several reason why CAD/JPY is going to reverse
-Price is on strong weekly support levels
- Divergence is formed on the daily/4 hour and on the 1 hour chart
-Higher high higher close candle is formed on the 1 hour chart
Trade carefully with a maximum of 3% risk of your capital!
Several reason why AUD/CAD is going to reverse
- Price tested daily trendline
-RSI divergence is formed on the 1 hour chart
- An higher high higher close candle was formed on the 4 hour and 1 hour chart.
Reason why EUR/JPY reversed earlier this week
-Price was in a bullish trend
- It came back into previous resistance what acted as support
- RSI divergence was formed on the 1 hour chart
- An Bullish confirmation candle was formed on the 1 hour chart
Several reason why CHF/JPY is going to reverse
- Price is on strong weekly/daily resistance levels
- RSI Divergence on the 1 hour chart
- Lower low lower close candle is formed on the 1 hour chart
Trade carefully with a maximum of 3% risk of your equity.
Bearish position rewarded our team heavily
Technical confluence is key
The reasons that we took this trade
- Previous Structure
-Price came in to 0.618 Fibonacci retracement levels
-A bearish bat formation completed at the same area
- An ABCD Pattern completed at the same area
After the price hit this level, it immediately became Bearish and our...
Profit targets are hit from the previous Oil analysis
Reason why I think Oil is going to Reverse
-Oil is at strong weekly resistance areas
-Doji candle+ Bearish confirmation candle has been formed on the daily chart
-RSI divergence has been formed on the daily chart
- RSI has been oversold on the daily and weekly.
Good luck Traders!
I am expecting an bullish reaction to weekly resistance at 62.50
This expectation is due to the hidden divergence that is present in the daily chart
And price broke previous resistance areas and at the pullback, it formed a bullish candlestick pattern.
An Bat pattern combined with an equal measured move in the 1299-1306 Dollar zone gives this trade a high probability.
Buy orders are activated.
First targets are set around 1323
Secondary targets are around 1336