Just wait, there is no thing to do instantly with FCPO1! It is really just in a trading range we are looking in next days for an opportunity.
Palm Oil market has been ranging for the past few weeks: Reasons behind as below: 1. Rising in new COVID-19 cases in Europe (- export demand= price drop) 2. Weakness in Crude Oil and Soybean Oil (- demand= price drop) 3. Weather concerns (- supply = price up) 4. Labor shortage (- supply = price up) 5. RM weakening (+ demand = price up) Technical View: 1. Strong...
We expect a decrease in PALM and there are 3 reasons for this; The first of these is that we believe that Shoulder-Head-Shoulder formation occurs in PALM. The second reason is that the 70.10.10 Stochastic Indicator intersects from above. The last reason is the large Negative Mismatch on RSI. As a result, we expect the prices to decline to 2500 levels in...
Hey guys, We are still analyzing EURJPY. I shared a Daily view on this pair and it is linked to this one here. You can see it attached below. The flag we are willing to trade could be an almost perfect 5 wave structure as you see in this chart. Now it is all about being patient. In the next flag formation we will enter the trade. As you see we did a short term...
Hey Guys, Pretty much like EURUSD. We have a corrective structure converging and it is definitely going to brake uptrend. There is still a possibility of a last move down but my trade is the buy. If it brakes structure and makes a flag...good time to buy! Carlos
Hey Traders, I brought this idea to my mates in the team. We are going to get a breakout in EURUSD I have been monitoring this corrective structure since the end of December, and it looks like a Leading Diagonal, could break into a slow downtrend move, I don't think it will be a sharp move. Gold seems to be dropping from the corrective structure it's broken...
Hey guys, Here's a perfect chance to make some pips on a short position. 5th wave extension turned into an ending diagonal. I expect one more move up at least in the structure and then a brakeout downtrend until the support level aligned with the end of 4th wave. Carlos
Hey folks, I wanted to share this idea on GBPUSD. After a sharp impulse I am sure we had an ABC correction and a new impulse is going to develop. Target is the -0.27 of the fibo. Trade the breakout and you can get a nice 170 pip profit. Carlos
Hey Traders, As simply as this. We are gonna trade the breakout of this flag. But we are already in the trade from way below. I would not miss it! Carlos
Hey Guys, We are in the begining of the C wave from an Elliott Impulse. As simple as this. B wave is over with the break of the main trendline and now we have a clear flag. Sell the breakout! Carlos
Hi people, I put this idea on the table. I have analyzed this pair for a month already and as you see I drew a channel on the way to -D- If market broke the structure I would have had then a simple ABC correction and I would sell the next flag to get profits downtrend. Now we have broken that channel up and it's broken the trend from -C- to -D- I expect the...
Hey Guys! I saw this very interesting. The Weekly correction has been broken uptrend by this last impulse. Now it's making a correction in the shape of a flag so we have a buy set up! Simply buy the breakout! Carlos
Hey Traders, Long time no post, happy new year and happy holidays! I am back with a few analysis from my holidays, one is this trade, EURJPY. In my team we traded the flag down, we managed to get a 116 pip trade done. This flag is finally reached 0.786 of the fibo so I am sure it will try to brake it. The ongoing brake maybe a Throw-Over so we have to wait,...
Hey folks, Here's a move I have been analyzing since Novimber 2016. And now all the patterns indicate the start of the new impulse. ABC correction almost done. C wave is a perfect 5 wave impulse down and the fifth wave is an ending diagonal. The main correction is even an ending diagonal; however, we are looking into the small timeframes for those. I will...
Hey guys, Here's the other analysis I have been studying. GBPUSD We have broken the daily ABCDE triangle, you can look at my past analysis linked to this idea. Now we have a new downtrend impulse so we want to look for a sell. We may have an expanded flat already over at the 0.382 Fibo and then we can trade the next flag or we could still have a zigzag...
Hi Folks, One more analysis. I really have my hopes into this trade, working with a buy limit order. We have a past eliott motive wave (12345) followed by a perfect ABC ZigZag correction since it is formed by two "threes" and a "five". At the end by -C- point we have a small extended flat followed by a downtrend channel consolidation. My final prediciton is...
Hi again people, This an updated analysis I did a month ago. You can check it out in the link here of related ideas. I expected the market to do a move up to form -X-. Following Fibo rules I estimated the location of -X- following a downtrend line as a main guideline of the Daily corrective structure. We are now looking for a brake down from -X- and then get in...
Hi Guys, Long time since the last post. It's christmass so I have been spending some time with my family. Here's something I have analyzed for the last 2 weeks. Daily Expanding Diagonal, weakness of the downtrend. So I expect a brakeout of the structure, if it goes down to bottom trendline I will manage a trade from there and then hold it after the brakeout. Carlos