Hey friends Take a look at usdjpy . Today is last day of the month. Yen is testing breakout level of this multi year cup and handle pattern. I am watching the monthly close. Yen crosses can go lot higher and spx500 can follow too. Keep an eye out as this will be key for gold as well. I will post detailed chart after month end. Thank you for the read.
Hey guys Fantastic day today. I posted yesterday about silver and it took off. FCX took off as well.I am everying RIG but i want to see this week's close. I will wait till friday and pull the trigger just before close if it looks good. I will do a post later on it as well. So, far it's going good. I am not a day trader by any means and i have no intentions in...
Hello all Silver took off. I been long EDR from 3.10sh. Weekly macd is crossed up and daily is simply bullish. I am holding it till my system says so. Only trading it on monthly-weekly now. Let' see is spot silver can catch up. That will be my next trade. Even grandmas are short silver and positioning is extreme. Just wanted to share. Thank you and take care..
Hey guys Just sharing daily chart of eurusd. Look at chikou and macd. Price is above TK as well.I am long with stop in place. We'll see how it plays out. Audusd is at key resistance and should decide within a day or so if it is bullish or bearish. SPX at key level too. Patience needed for now. Good luck out there.
Hey guys Just a quick chart. Look at correlation chart of ujsdjpy and gold lately. I am not a big fan of correlations but this chart has been in sync from a while now. I am wondering if ujsdjpy bottomed , which will confirm my bias to upside as I posted few days ago and gold tanks and prove everyone wrong- especially the head and shoulder gurus.Time will tell but...
Hey guys I am just patiently waiting on silver breakout. Look at monthly chart. Macd lines are too close and no momentum to downside. It's sideways forever and if you zoom out, it is a massive massive cup and handle formation pattern. Look at future kumo . We may see a cross in coming months. Weekly is just hovering around kijun with a trendline in play as well....
Hey guys I am watching aussie here at weekly kijun. It's in a distribution set up from a while now . Kijun is dead flat . Daily momentum to the downside seem to be dying. I am moving sl lower on remaining position and took some off at weekly kijun. Let's see what happens here. Thank you.
Hey guys I been expecting a pullback in yields from couple of weeks now. Looks like we are there. Monthly chart of tnx is meeting trendline after break out. Weekly macd is about to cross down and we can retest the breakout level or go sideways for a while for now.Ichimoku is bullish on both time frames. Keep an eye on daily chart or lower if you want to play...
Hey guys I am adding retail sector to my watchlist. I still like this chart. Monthly macd crossed up and price currently finding support at kijun. I will be looking at weekly chart and will jump in once i get proper long signal. There is so much noise out there -forex, cryptos, stocks and bonds and yadi yada yada. People are yelling and screaming about crash and...
Hello all Hope you guys are having a fantastic weekend. Take a look at FCX and see if it is bearish. I overlayed it with AUDUSD. FCX is testing weekly kijun and major breakout level. I'll go long on any reversal signal here. Keep a close eye on audusd. I am watching both. AUDUSD is also on weekly cloud bottom. A breakout here, will be bearish but if it holds,...
Hello traders This was a nice trending trade to the downside. I am long now. USDJPY is bottoming imo and much higher prices can be seen in the future. No confirmation yet and daily is just a counter long set up. I have proper pos sizing in place and let's see how this one goes. I may be wrong too. I am open to all possibilities. Gold still struggling at 1350...
Hey guys I don't trade crosses often but this pair is getting interesting. I am not posting detailed analysis on this. It is coming out of multi week consolidation and looking bearish.macd is crossing down near zero line, chikou is below price and price is below TK and next support is 0.84. Very good RR here. Good short candidate on close below this level. Just...
Hey guys Let's take a look at USDMXN. This week is going pretty good so far. Monthly macd is crossed down and price is below kijun. Weekly is below kijun and 2 months of consolidation. There is weak TK cross. Daily looks like head and shoulder and currently testing neckline. macd is crossed down and chikou is below price. I am looking for bottom range to be...
Hey guys Just a quick note before Fomc. Monthly looks like price is consolidating above TK with macd crossed up.Weekly kijun is holding so far and chikou in the past candles. Weekly kijun sen is flat and is a key level on this chart.Macd is crossed down though. Daily looks like a cup and handle pattern. price is in cloud but grinding lower with macd momentum...
Good trading week. I have not closed any position yet as you guys know i don't trade lower time frames. Some good opportunities came this week. Let's take a look at jazz which i bought today. Monthly is nice chart with kijun sen holding firmly. Macd is above zero but trying to cross up but won't be confirmed till the end of the month. Weekly is again bullish...
Hey guys I have a request from someone for gold. Let's take a look. Monthly: Price is in cloud and Tenkan is flat while Kijun is pointing higher. Chikou is above price and macd is crossed up. It is neutral with bullish bias. Weekly: Price is above cloud and Kijun and macd is neutral.Chikou is in price. Daily: Price is in cloud and below Kijun. Chikou is in...
Weekly Mac-d is crossed up and at price at cloud top. Daily is bullish and at resistance. Breakout here can bring a nice move higher. I highlighted the key levels on the chart.
This pair is consolidating nicely above flat kumo after breakout. Can see higher prices in coming weeks. Keep an eye on it for longs!!!