CFD
Gold Strategic Overview before new weekMy weekly views on gold are indicated on the presentation.
Even though the buy signal is coming, I think this is the only response buys for now.
The bull market continues on the main channel.
And in 2020, even though I expect higher peaks than 2019, I think that gold prices should fall slightly.
I expect gold prices to fall in the medium term.It is very important to have the position size to withstand this.
The USDJPY parity can give you the clue about when the due date will come.
This is because the correlation between the Japanese yen and gold price movements is very high in the weekly timeframe.
When we look at the gold / silver ratio, we see that the pair continues under the leadership of gold.
Here is a possibility Minor - trend line can be challenged.
Although I personally go over the net short position on a weekly basis, I am of the opinion that short positions will be opened on a daily basis.
Although it is a bit risky now, it is a good idea to follow it carefully and achieve the appropriate risk / reward ratio.
I wish success to all traders in the new week , regards.
GOLD, Short term Buy...The price formed a Support Line on H1-H2charts.
We can look for short term Buy entry in marked zone.
The target will be near the Mirror Level 1480.40.
Before to trade my ideas make your own analyze.
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DAX30 CFD range-bound between 13100-13300, with a bullish touchThe DAX30 CFD was range-bound again last week, and since we have a thin economic calendar this Monday, we have to see whether we get to see a serious attack of the DAX30 CFD to break out of its range.
The relevant levels can still be found around 13,100 points on the downside, and 13,300 points on the upside and, and this is where our focus will be.
While the short-term mode can be considered neutral, the longer time-frame picture can be seen bullish with a break out of the range above 13,300 points having an overall higher likelihood in our opinion.
Besides the technical side, the thin economic calendar in addition to market participants keep adding to their overall extended volatility short-position add up tour bullish bias.
Above 13,300 points, the first target can be found around 13,500 points, while in the event of a (surprise) breakout of the trading range on the downside, and a drop below 13,100 points, the next target can be found around 12,970 / 13,000 points.
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
WTI: Where To Sell???
October was phenomenally good for WTI oil trading.
My last target for the long trade is lying on 60 level.
Those who are looking for a short trade,
focus on 60 - 61 resistance area.
this area was respected multiple times by the market in the past
and, in my view, it is the safest zone to sell.
for now, it looks like bullish tendency will remain and buyers
will keep pushing the market to the resistance line of the rising channel.
the only minor resistance on their way will be 59.0,
we can expect a minor retracement from this level and continuation to the underlined zone.
NATURAL GAS : LONGIn my previous analysis, I said early for trade.
I think it can be tried now.
Because there is a negative appreciation of the pair independent of the general economy.
That's why I said in my previous opinion that the ascension could be very powerful.
Maybe this is the right time.
We should stay in the game, but taking a reasonable risk from our capital.
I think this risk is taken to this gain with small position size.
STOPLOSS : 2.253
TARGET : 3.61
GER 30, Waiting for the false breakout of Historical Level!I will open Sell position if the price will make a false breakout of Historical Level 13204.5.
Potential profit will be in 3...5 times bigger than risk.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
GOLD, Scalp Buy idea!!!I will open scalp long position in Buy Zone because:
1. The price dropped down more than 1 daily ATR,
2. Key level 1480.90,
3. Potential profit will be in 3...5 times bigger than risk.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
DAX30 CFD range-bound 12,800 and 13,000–will it break higher?After the FED cut by 25 basis points last Wednesday, along with stating that the US central bank will act in a more data-dependent way regarding future monetary policy decisions, the ISM Manufacturing PMI printed at 48.3 points for October, rising slightly from a decade-low of 47.8 points, but still missing market expectations of 48.9 points, keeping near-term recession fears in the US elevated and thus fuelling hopes of further rate cuts and liquidity injections from the FED.
The DAX30 CFD fell short of breaking 13,000 points, but since the economic calendar is quite thin today, the DAX30 CFD will mainly be driven by technical components. In this respect, the German index finds a clear advantage on the long side.
If we get to see an attack, a squeeze higher to 13,050/100 seems likely. Still, given rising fears around trade positions hardening again between the US and China, we wouldn’t be too optimistic and would take long-engagements in equities only with a reduced position size.
On the downside, the focus clearly lies on the region around 12,800 points.
A break lower makes a further drop as low as 12,600 points an option, a little more conservative bearish target can already be found around 12,650/670 points.
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NATGAS, Potential move to Support/Resistance Zone.The price is move to Support/Resistance Zone.
If you are looking for entry point, it's better to wait for the false breakout of that zone.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
WTI: Bullish Continuation
after a retracement from the resistance line of the channel,
bears are approaching a strong zone of demand. (54.0 - 55.0)
During this month the tendency remains bullish,
for this reason, I believe that we will see a bullish continuation to higher levels of structure.
Target levels are 56.3 & 58.0
stop should be strictly below the identified zone.
USOIL, can bounce from Support/Resistance Zone!The price is close to the Support/Resistance Zone.
We will have a good Buy entry after the false breakout of that zone.
Potential profit will be in 3...5 times bigger than risk.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!