Nice triangle formation we have here. In line with our bigger picture analysis for this pair we take the bullish breakout on the H1.
I would prefer gold goes up to the green zone 1st before i take the short. That way it would have more impetus for the down move. The green zone is a weekly tenkan level as well as the daily SSB. So for now we wait,if it goes ballistic and goes down then we miss the trade and its fair and fine...opportunities are endless:)
We violently broke through the daily SSB on 7 November indicating the bears are here to stay. However this weaned down the past two days and we should expect a test of this SSB break with price getting more orders to propel it further down. So we wait for a test of that level and the 1st reversal sign we get preferably around the 1480 area we short it. The lagging...
So we took our 1st target with a strong breakout on 13 November. That breakout was tested with a rejection the next day and on Friday price seemed to be gathering bearish momentum just beneath the daily tenkan. So we dnt anticipate price to go back our entry zone so we take risk off the trade and put it to breakeven whilst we wait for the 2nd target.
The green rectangle was an area of the resistance once and got broken and tested once. Price seems to be testing it again and we got an engulfing candle on the daily,the weekly gave us a good pin bar. We take the long trade targeting the monthly kijun but we stop over the weekly SSB level. Entry: 82.254 SL: 81.498 TP1: 83.341 (weekly ssb zone ) TP2:84.503 (...
The area shaded green was a good resistance for the most part of October and towards the month end we had a strong thrust of momentum that broke out of this zone. We then had a test of this zone which ended in a good green candle,a good sign of rejection and enough for us to take a trade for continuation of the upward movement. The lagging span literally bounced...
We broke tenkan on 11 November,went back to test it with rejection which is good. So we are now headed for the next price magnet which is the daily Kijun. The lagging is free to move down with no obstacles. Entry: 2.582 SL: 2.645 TP: 2.483 Risk management is all there is to it. Live to trade another day!
We have been waiting for a valid signal to short PSG for almost 3 weeks now (see attached analysis) and we seem to have gotten it now. The market is about 30mins from closing so unless a black swan event happens from now till then we should be having a close below daily tenkan. The bullish run could be finally over now. Notice the past 3 months including Nov, on...
I made the analysis on BTC that the market was screaming SELL SELL SELL..(see attachement). . .if you have not gotten in yet,here is your chance on H1. We broke out of the blue shaded zone and we are testing it now with rejection i am sure. . . .get in here. See full analysis on attachment!
The break of the tenkan on the Daily shows we have lost the positive momentum we had generated at the end of October. In fact the momentum was so high at that period that we created a big gap, the close of which is the basis of our trade.Price just couldn't go past the SSA on both the weekly and the monthly creating this slowdown in momentum we intend to...
Price has been flirting with the edge of that daily SSB since 4 November. Everytime the bears tried to take it down it just kept coming back at it forming a longish ascending triangle. Price wants to higher (see my big picture analysis on black gold attached) and we are likely to see a good breakout anytime now. The lagging is also close to the Kijun and whatever...
This is a test of the kijun break on the daily. The analysis is similar to the Gold analysis and i have attached it. Entry: 2 position after rejection from blue shaded area (1727-1728) SL: slightly above tenkan 1761 TP1: 1637 TP2: 1570
The double top you see on the daily was caused by two barriers on the monthly namely the monthly tenkan and the monthly cloud. Price just could not penetrate through these barriers and was rejected. We know when price tries to do something twice and fails it goes the path of least resistance and in this case that's down. Yesterday price was battling with the...
We had a head and shoulders formation completing end of last Month,with a higher high and lower high shoulder. Since then we have been waiting for a reasonable break of the neckline and we just might get that today. Price has been under tenkan(which itself is under kijun,good for a short) and more importantly our lagging span is under price,all ingredients for a...
The GBPUSD technical story is look like a tale from a classic Technical Analysis book. We broke through the monthly tenkan level (blue rectangle) with a powerful thrust on the daily from 11-15 October. We kept going up till we got to the high on 21 October. We then dipped and came up again but this time the bulls were just not strong enough and we made a lower...
The past two months saw a steady rise up to the monthly Kijun. Last month we got this level and made a wick on the monthly kijun,signalling rejection. This wick was represented by numerous wicks on the daily from 14 October to around 24 October. The bearish candle that followed on the 25th of October showed the bears mean serious business as this thrust through...