What to expect from Gold: Structure ZoneRecently saw a nice pullback into the structure zone (blue rectangle). RSI went overbought on first move. Got a potential double top in this area where also the 50 % retracement lines up.
Additional confirmation would be RSI divergence.
OR: There is a chance we see a new high into the 61.8 retracement at the top of the blue box, so be prepared for both cases.
Follow your plan
Midterm
NZDUSD H4 Bearish Bias & I'm gonna trade according to the BiasResistance cabe found near the 0.7210 region and this zone play a role as my SND as well. Any chances that the market come to the blue box region, I would short with a stop near 0.7240. If the market close higher that 0.7240 with a strong upward shaved bar, my MT Bearish Bias would be negated.
XAUUSD MT Looking Sideways, Looking to Short near 1233.00 RegionXAUUSD been going sideways since beginning of the week, a strong rejection from 1240.00 region. SND & Support found near the 1215.00 region. A volatile sideways trend, thus, preferably to short near the top and targeting the 1215.00 region.
EURJPYThe past two weeks this pair has been fairly difficult to predict as on the daily time frame we still appear to be in a range. However what I have notice on he 2hr time frame , price seems to be in a up trend with high highs being created and higher lows. 122.000 seems to be a stalling point currently if we close above 122.000 on a 2hr candle , price may possible move up to the 123.400 area and create a new high , however caution is advised due to the way the markets have been acting the past couple weeks.
USDJPYMy bias currently mid term for this pair is short , after seeing the confluences highlighted in the chart above. Today we had a potential false break out on the 4hr chart , which also broke past my descending channel. If we see a strong bearish close on the 4hr chart & we are below 116.000 this pair can still be classed as bearish. The daily candle is also looking like its going to close like a shooting star. We still have trump speaking tomorrow which may cause uncertainty , price may spike to 116.000 , however target is set at 15.00
BAT PATTERN WITHIN TREND: POTENTIAL DOUBLE BOTTOM HIGH RRBullish Bat Pattern within Trend with potential double bottom
For further confirmation wait for close of 4 h candle and a potential double bottom. Stops below X. Targets are 38,2 % and 61,8 % retracements as shown on the chart.
TRADE YOUR PLAN!
Peace. Felix
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Bitcoin Ascending TriangleAfter the break of the yellow triangle to the upper side and above 5200 Yuan, we are stuck in a ascending triangle. We have a big resistance above the 5350 Yuan level. We have to break the 5450 Yuan level before we can go up higher in price. The next big support level is around 5100 Yuan. After a possible downward move the price should trend up on the turquoise trendline until it hit the 5350-5450 and break it to the up side with a target around 6000-6300 Yuan.
GARTLEY WITH GOOD RR ON USDJPY!!Currently see a retracement into previous structure which now should as support. Stops below X. Because we recently saw a new structure high I am shooting for advanced targets for my second position.
TRADE YOUR PLAN!
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Brent Oil AnalysisHello,
Based on graphics, here's a fresh, simple short-/mid-term analysis on Brent Oil .
1st target: Brent at USD 66/barrel (+32% if compared to October 1st quotation)
2nd target: Brent at USD 80/barrel (+60% if compared to October 1st quotation)
Note 1: Weekly-based
Note 2: Inverse Head-and-Shoulders
Note 3: maybe there will be consolidation between USD 61-66/barrel.
Hope it's useful for someone.
Best Regards from Brazil.
VXX breakout from curving downtrendIn July 2015 VXX broke out of a curving downtrend for a great return in about a week.
Now this past week it is continuing to replicate the same pattern held in 2015.
My thoughts are that it will drop to $12.80 and then spike to a possible $26.00 if it follows the downtrend drawn.
Good RR 3.6 on Daily chart for USDJPY TP above 105. SL at 99.87Buy limit order setup at 101.35-101.4. SL control at 99.87
With the daily chart, the downside traend has been de-accelerate with lower slope side way move from mid of June. This is concurrent with BOJ's policy.
Time cycle indicate the that the price is going to have some changes.
RSI and MACD give you a good idea of long term divergence which add the confidence to long USDJPY.
Policy wise, Boj will never give their experiment of Monetary policy. (At least with Abe still in charge. )
LONG POSITION ON IBEX 35 - SPANISH GOVERNMENT ABOUT TO FORMHERE WE HAVE THE IBEX 35 INDEX IN A VERY SIMILAR WAY TO SANTANDER BANK. ALSO CHECK MY LAST ANALISIS ON SANTANDER FOR A GOOD TRADE OPPORTUNITY.
IF THE GOVERNEMENT IS FINALLY FORMED BY POLITICAL PARTIES PP + CIUDADANOS THE BIG INVESTORS WILL COME BACK TO SPAIN AND INVEST THEIR MONEY AGAIN, THAT WILL MAKE THE IBEX 35 INDEX GO UNTIL THE CLOUDS.
THE OTHER IMPORTANT EVENT WILL BE THE FINAL DECISION ON BREXIT. IF UK STAYS IN EUROPE THE IBEX 35 AND THE IMPORTANT SPANISH BANKS WILL RAISE THEIR VALUE AT THE SAME TIME OF THE SPANISH INDEX.
MY CONCLUSION. I AM WAITING UNTIL THE HORIZONTAL LEVEL IS FINALLY BROKEN AND RETESTED AS YOU SEE IN MY ANALISIS. IF THAT HAPPENS THE BUY LIMIT ORDER WILL OPEN AND A LONG TRADE CAN BE MANAGED INTO A GREAT PROFIT UNTIL THE IBEX REACHES THE 10.000 REISITANCE AGAIN, THE POINT WHERE IT WAS BEFORE THE SPANISH ELECTIONS AND THE BREXIT.
LET ME KNOW WHAT YOU THINK!
CARLOS
DXY supportive to the bullish side (multi-scenario chart)Chart using ICT orderblocks. Would rather see DXY make a small retracement at 96.2 because it can then regain strength to make a higher high. Breaks are moments we need to closely monitor price action on a lower timeframe. Technically price should not trade into the orderblocks too far, since most of these barely have any wicks. In other words, we are going to allow movement into the wicks, but not too many pips into the body. If it does move into the body of the orderblocks, we'll assume price continues to the upside. If the reaction is too heavy and has too much momentum off of the bearish orderblocks we will see a consequent move or retracement as a likely probability.