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Zonetrading

XAG USD update - pay attention to 19.5 - 20 as a supplyHello traders & analysts, Here is out latest update for Silver . We are bullish and would like to share our out look for the next opportunities which can take place. COT data: 78,746 longs 65.6% 41,145 shorts 34.3% 46.5 24.3 for open interest Technically what has happened? Price was severely undervalued and silver is an important commodity to use for manufacturing sectors. Commodity currencies rely on this as an export factor e.g. CAD, AUD, MXN, ZAR , RUB, NZD. We had a great wedge pattern where we entered on a nice engulfing daily candle which broke to the upside. Price has hit a nice supply zone at 18.3-18.9 zone. The price in this area can reject and retrace which is an option we are looking for; however keep in mind the bullish structure, price has alot of upside potential. If price rejects, we will look for a nice clean break from the zone and hedge. Fundamentals: Coronavirus re-opening of industries and subsequent purchase power of retailers. Fear commodity but less attractive than Gold and platinum. Cheap metal but gains are very high and attractive China vs USA trade war Australia vs China mini trade war. Mexico has large coronavirus numbers but largest producer of silver . Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
FOREXCOM:XAGUSDLong
by LupaCapital
XAU to 1900 topHello traders & analysts: the ceiling target is 1900 - 1920* - 1920 is the full retracement back in 2011 the all time high for XAU We have already surpassed our 0.705 level. If looking at entries, await a pullback by using the Fibonacci level on the daily, 4 hour to align your levels. This will give key areas to buy from. during the channel or accumulation range - . Refer to this as the trading range - notice how the range shows indecisiveness on the daily timeframe very easily giving no clear direction. However within the range it is possible to get a great opportunity to find a 'low' buying price or get a strong 'sell position'. Now we have an impulsive swing - fear is causing this due to COVID 19 - first or second wave stimulus package - free money printing creating an infinite supply of debt Pairs to watch for correlation DXY GBP JPY USD JPY Do your own research before entering - Gold moves different to many other pairs. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
FOREXCOM:XAUUSDLong
by LupaCapital
GBP NZD currently shortLong term we will update with our long bias, however the sells are still looking to test the weekly and monthly zone this week. Technicals: Downtrend - rejection of monthly supply Daily in a weekly and monthly zone - demand could be a potential swap zone as the zone underneath is a setup for a strong fresh touch of demand. However, the GBP is weak, so is the NZD over 13AVG weeks GBP NZD AVG weekly COT Report, Non commercials: Short: 43,607 Long 31,477 Previous week report: Short 29,654 62% Long 48,170 38% NZD USD Short: 11,705 67 % Long: 24,107 33% Short: 16,174 50% Long:16,189 50% Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted. Trade what you see, this is purely our Bias. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. Many thanks for your support to our existing and new followers. Take care out there. Thanks, Team Lupa.
Short
by LupaCapital
USDCAD IDEA...USDCAD, as we're in an overall downtrend, and now the market managed to make an H&S on strong resistance, we might see a possible drop from now, but the pair could fluctuate around the current zone! Let's be patient! Right now we have two option to open a trade right now or to wait for the market to reach a better price. Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
by tyleralee
GA long update - officially longLong activated as per previous - Waited for the double bottom to occur. technical fresh touch of the demand after a long rally down drop base drop scenario on previous touch - strong engulfing candles to the upside, similar pattern here bearish technical - was oversized head and shoulders Long term - Aussie will lose momentum with a risk off scenario If you like our work and updates - Leave a comment and like. Good luck and enjoy the trade. If you like our swing trade work, please leave a like and or comment. Thanks, Lupa
Long
by LupaCapital
A zone is a zone until it has been cut throughAlways have a plan and stick to it: - A zone is a zone until it has been nullified - Don't chase trades, you only end up increasing your risk Here on $EURAUD I managed to bag a bunch of pips on playing zones, but initially lost out because I moved my stop too early on my second lot (corrected this on later trades to allow my trades to run to targets), and didn't re-enter because initially the zone had been used (once again corrected this on later trades to allow me to profit from it)
by traderkace
SiFi4X Trade Setup While I am still bearish on the USDJPY I can see a short-term scenario where this pops up to test 108.00 again. Buy stop coming out of the 107.00 SiFi4X Zone will be there just in case. Losing this 107.00 zone though is a long road down with the first stop at 106.00 (the next psychological zone). It hasn’t been there in a little over a month. This is a set it and forget it setup. Right now it is settling in the zone and will test one side or the other. Buy and Sell stops set to explode away from this level. My MT4 EA will manage the trade and move my stops to break even and lock in profits at various levels. I don’t see it staying in this box long once it begins to move.
Short
by sifi4x