Looking to short the pair on rejection on the daily from the yellow zone. That zone represents the weekly tenkan and the fact that the bulls were not strong enough to break through it last week even after the stellar 28 Sept candle means we might be headed south.
In line with the bullish sentiment we have on the dollar we are looking to short the rally we are currently having in gold. The signal will come from a good daily rejection from the yellow zone. That zone (1950-70) is important not only because it is a weekly tenkan area but it is where we saw massive sellers 3 weeks ago and they might still be there to defend...
We are bullish dollar from the momentum that drove us into the end of last month. We needed to take some steam off and our 1st potential long was 6 October daily candle which was a Kijun bounce. That one did not work out and we will be looking for a 2nd long this coming week as a bounce from that yellow zone. So we wait for a satisfactory blue candle this week and...
Its a good start to the week for PRX on the weekly. We seem to bouncing off the weekly kijun which is sloped upwards. If this continues we should have enough momentum to reach the weekly tenkan around 163208 zone, which is our target. The lagging span is free to move as well which is a good for our hypothesis. We entered the trade on the daily after a convincing...
Jumping in on completion of the M-Formation here. WIde stop loss to give it room to move.
Looks like we just almost tested kijun and next target should be 1300 zone.....bearish
That yellow zone happens to be where the monthly kijun runs across and is therefore an area of strong resistance. I expect price to be repelled up from here to around 1.5600 to 1.5700 zone. So il get in with two small positions and target both 1.56 and 1.57 . We should have some sort of head and shoulders thereafter if this thesis is correct. Entry: 2 small...
So we are having some bullish price action starting in Gold and we have a short on it so prudence required. I am not closing the trade but rather put it on breakeven.
We have had a parabolic month shown clearly on the weekly with 2 very strong blue candles. We broke through the resistance zone of 1.3500 area and have not tested it since. I was therefore looking for a short play to test that zone and Friday daily close seems to have given a good signal. The daily closed with a long wick which when i go the H4 (entry timeframe)...
Yes that's wat my crystal ball is saying..kkkk. . . the crystal ball of technical analysis that is! We broke the yellow zone which was a good support before. After the break last weeks weekly candle seemed to be testing it. Notice how that also coincides with the Weekly kijun. So essentially it was impulse down,pullback and now we expect another impulse down....to...
We reached a major support level (the whole yellow zone) that we last tested in 2011. This is significant and i expect some buyers here to push price up to the 1.2000 zone, which happens to be the Daily Kijun zone. The entry is done on the H4 after we had a breakout of that blue zone and then a retest of it. Entry: one position @ 1.14778 SL: ...
Gotta love Take Profits. . . .it hit my TP just before going parabolic in opposite direction. RR-2.97
We broke the 0.8500 (yellow zone) to the downside,we then tested it with failure and again the path of least resistance is down. Entry: 1 position @ 0.8457 SL: 0.8528 TP: 0.8255 RR: 2.97 Manage your risk appropriately!
Lets get in on continuation of downside. Price couldnt pierce the cloud so i expect it to go the path of less resistance which in this case is down. Entry: 1 position @ 1528.20 SL 1555.28 TP 1452 RR 2.6
Naspers closed chapter for now. Now il wait for the bullish recovery trade. . . that's for April:) TP1-3.25R TP2-4.08R Those good RRs are compensating my losing trades i.e WTI,Nat gas et all. . . . w'l see how we close the month.
We had very good bullish sentiment and a strong daily candle. This is coming from the backdrop of a very strong support zone (yellow zone) that price interacted with and made a double bottom on the H4,usually a good reversal signal. Price then went parabolic on Friday and we got a beautiful 'W' formation on H4. I expect price to come down and test the neckline...
We could be headed for a good 1 or 2 weeks for natural gas. Last weeks weekly candle had strength and volume. If we zoom down on daily we broke through that yellow zone which was a resistance. The last day of the week we tested the same zone,now as support and bounced. Im taking this on close of that candle and targeting the weekly kijun zone (blue zone). Entry:...