CHRIS_TriTrading

CHRIS_TriTrading

I have been Bullish on the #usd for quite some some time. Recent Economic data out of Canada was not great and market had to price a lot of that in. I now however feel that a correction/pullback is on the cards. I will start looking for shorts once we reach the supply zone and we have candles with long wicks to the top i.e Evening start formations. Trade...

CHRIS_TriTrading

The green trendline is a long term trendline which has formed over multiple weeks. I will await for the MACD to cut for longs and the short terms EMA's to cross for long aswell. Currently I will be monitoring the 4hr and daily candle closes for any information showing seller exhaustion. Trade safe. Connect with me on Instagram @Chrisdicks_TriTrading Join...

CHRIS_TriTrading

Living in South Africa in recent years has been a challenge not just mentally but emotionally with all the negativity going around. None the less, I love South Africa and remain optimistic. From the charts, the current development of price action seems that we won't be breaking through ATH's anytime soon. If the sideways chop from 2015 up to 2017 is anything...

CHRIS_TriTrading

From the start of the year, #eurusd has struggled to gain any real traction and this multi-week Head and shoulders pattern has been playing out. #eurusd Formed a textbook Head & Shoulders pattern. I do believe there are some liquidity voids and orders sitting in the lower regions as per the chart. The COT data from January the 28th shows us that Asset Managers...

CHRIS_TriTrading

With Non-Farm Payrolls and Average Hourly Earnings coming out in a few hours these are my observations. #eurusd Formed a textbook Head & Shoulders pattern. I do believe there are some liquidity voids and orders sitting in the lower regions as per the chart. The COT data from January the 28th shows us that Asset Managers are still net Long, but adding short...

CHRIS_TriTrading

OANDA:XAUUSD has broken out of the minor triangle. I will await for a possible retest of the broken trendline. Also the Major LT trendline in green can provide major support for OANDA:XAUUSD . Trade tensions boosted the Yellow metal the past Friday. This week will provide a clear picture of where we are heading.

CHRIS_TriTrading

Gold has broken out of this minor triangle. While gold is above $1492 I retain my bullish stance. Chart is quite clear.

CHRIS_TriTrading

The underlying support of the triangle is still a very strong support. I do not think we are going down yet. One more push from the Euro to the previous highs and then I foresee a Major trend reversal with the Dollar rallying from middle May onwards. We can also see anice hammer on the daily forming. So I do feel we see EUR strength for the rest of the week. Don't...