GOLD vs USD/JPY: some correlationsHi Guys
as alaways please find below the "correlated" moves on USD/JPY but in the opposite direction:
For potential opportunities please also view the related ideas linked below.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Forex-gold
GOLD - 2 opportunitiesAn interesting situation is there.
The price is under mirror level(resistance) and on H1 chart we have a Head and Shoulders figure.
2 options
1. We're going to breakout the resistance and go up througt correction
2. We're going to breakout the TL and shoulders line. If we do that we go to 1305 level as i expected in previous gold analysis
Be patience, follow the right MM and RM.
Trading levels 2/5/19It looks like the bulls are running out of steam, I think a correction is due, the first place that i would keep in mind to take some longs is YL 6873, there is some support from previous structure, as well as S1, the next place for longs would be around the 6800 level, we have some support levels as well as the 50 FIbo as well.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels 1/29/19I hope you guys had a great day in the market, as i mentioned yesterday, i was expecting a correction but tuhi looks more like a change of short term trend, especially since the reaction to the drop was very slow. Tomorrow i will be looking to take some shorts around the 50% level 6730 we also have R1 around the same area, i also like the 61.8 level. To the downside if we break the 648 level i will be willing to buy around the 660 level, where there is support from previous structure as well as S3.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels 1/28/19I hope you guys had a good weekend, so the market is pushing higher, i will expect a correction, if that is the case there is a nice level around the 6720 area to take some longs, and if the market keeps pushing higher, the first level that i will look to short is around the 6825 where there is some resistance from previous structure, as well as R1 and very close is YH, if that fails the 6880-6890is going to be my nest area to start looking for some short setups.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 1/25/19The market is in consolidation mode, i will wait for the market to make a move to either side before taking any trades, at this point is very hard to predict what the market will do next, however, i will be looking for some scalping opportunities.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels 1/23/19What a drop in the markets, the NQ stopped right at the support level, if we can get a rally, the R1 - YH zone is going to be a good place to start some short positions, and if the market keeps moving lower i will be looking at S2 as a place to take some longs.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels 1/18/19As i mentioned yesterday 616 was a good place to start some longs, it worked out great, too bad it was in the premarket hours. Moving forward tomorrow we have 760 to 772 as a resistance area, if we break that we might see 800 or even higher, if that's the case i would like to take a short position at R2 around 823, in the other hand if the market drops i would be looking to the 50-61.8 area to start some longs.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels 1/17/19The market keeps pushing higher, therefore we are looking to buy the dips if possible, price is above the ascending trendline, and it has some support around 640 which it would be a nice place to take some long positions, and if price keeps dropping 616 is also a good place.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 1/15/2019We are in a consolidation period, a break of 6640 on the upside or 6530 on the downside might change things around. The other indices are pushing higher, therefore, we might see a move to the upside tomorrow.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 01/09/2019I hope you guys had a great day in the markets, not much has changed for tomorrow, we still have the 61.8 fib on top of us, which could lead to a small correction, for now buyers are in control in the short term horizon, therefore, its safe to buy the dips.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 01/08/2019So yesterday i was expecting a rejection from the 50% level area, too bad it happened in the overnight market. Moving forward I can see that the market is pushing higher, i will expect a correction, but if the market keeps pushing higher i will be looking to take some shorts at the 61% fib level, which in this case is really close to R3. In the other hand, 6400 would be a nice place to start some longs, there is some previous structure support plus YL.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 01/07/2019I wish you guys a happy new year, I hope you were able to enjoy your holidays with friends and family. Coming back to the charts I see the 4H chart coming to a previous structure at 6480, also we have the 50 fib level around 6494, this might be a nice zone to start some short, and if the market starts moving lower i like S1 (6296) to start thinking on taking some longs.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels 12/20/2018what a day, Fed days are usually slow with no volatility, but today was quite the opposite, a lot of volume in the morning and after the announcement. Moving forward i will expect a correction, currently, we are at the completion of an AB -CD pattern at 6288 and also we are at the bottom of the descending channel.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.