raymond09shao

raymond09shao

Gold is back on 1870... still as resistance level, it attempted to break this level for a several times now, which makes the likelihood of it succeeding extremely high. I personally short this security around 1864 hoping to walk out at around 1826 - 1829, during a possible retracement towards this levels. Your upcoming goal next week is monitor the Gold chart to...

raymond09shao

BTC chart showing nice entry possibility, head and shoulders on a key level(support) forming up. Wait for price to make a positive move towards the neckline. Possibly it will, it has made a nice support on a 23% Fibonacci retracement level. Long, might be the next move towards the highest high(supply) on a Daily timeframe. Good luck🏌️‍♂️

raymond09shao

Chart patterns are strong if well applied, take a double bottom on the chart, it could have basically occurred any where, for instance around the support zone and in the middle of the range or a trend. Same goes for the other chart patterns as the descending triangle and the head shoulders. Price action is how price reacts at a certain level, especially on the...

raymond09shao

Short season for the EURUSD pair. Been on a supply phase for a long while, and will not stop any time soon, on a double top, for traders who are looking for a get in, also on a resistance level which is just more confirmation.

raymond09shao

There are two types of phases in the markets, trends and accumulations. The most money is at the accumulation phase, this is the beginning of every trend, we accumulate before we trend. Its only at the accumulation phase you would determine the momentum of the market. Most information out there says avoid ranging/consolidating markemarkets, I say thats where the...

raymond09shao Updated 

As much as gold is currently bullish, for intraday trading its highly wise to wait for a full correction move and ride the impulse on the resistance level, only if there there are validating signals.🔥

raymond09shao

Price will most probably pullback to the resistance level. Wait for a perfect trade set up(reversal patterns) and dive in for good returns. We already in a bearish flag, a reversal pattern plus a break out is a catalyst.

raymond09shao

A possible up coming head and shoulders, for a perfect trade set and dive, at around 22.400

raymond09shao

Early days of February Silver seemed to have hard times to make huge moves like it often does, my assumption is, it will at some point break the local trend line with a major bullish momentum, so the best thing to do is to wait for silver to reach that one level it has been failing to close bellow and get in a long position right there, you will most probably be...

raymond09shao

Gold will most probably continue to fall until it hits the local support, and I assume by the early days of this up coming week it should have. So a smart trader would look to get in a long position at a convenient timing.