Chieftain600

Chieftain600 Apr 22, 2024

The market has been cascading since last week and fulfilling all our analyses. On the weekly timeframe, we see that the market closed with a long BEARISH candle and broke the upward trendline with a full candle body. This week, it has opened with a BULLISH candle indicating that there will be some market manipulation and retracement generally. However, there is...

Chieftain600 Apr 19, 2024

The market fulfilled our analysis but did not get to the target area because the BULLS could not push it beyond the previous resistance area. Courtesy of the previous economic news, the price fell back down towards the support level thus creating a double bottom. I think the market might get back and possibly break the resistance level. NB: This is not a...

Chieftain600 Apr 19, 2024

The market perfectly fulfilled our analysis and drove downwards with more thanks to the economic news of yesterday. The market is currently in a brief retracement to the minor zone where we expect a good signal for a SELL position around 17370. On the weekly TF we can see a huge BEARISH candle while on the daily, there is a long-tailed candle indicating a brief...

Chieftain600 Apr 18, 2024

The market has been ranging for a long while and it broke out with a full BEARISH candle. On the monthly timeframe, we can see a doji candlestick indicating a possible change in trend. And on the weekly and daily we can also see huge rejections still indicating a possible move to the downside. My target will be to short the market around the 17663 area after its...

Chieftain600 Apr 18, 2024

The price got to the weekly support and rebounded from there. Currently, on the daily timeframe, a BULLISH engulfing candle from yesterday indicates a Bullish continuation. My target is the previous monthly timeframe support zone before the market continues it's Bearish Trend. NB: This is not a financial advice. Use wise risk management. If you found this useful,...

Chieftain600 Apr 17, 2024

The market reached the weekly timeframe zone and began to range so as to gather momentum for a further bearish move. On the daily timeframe, price action formed a Bullish TWEEZER TOP indicating a brief pull to the upward-side possibly for the market to grab topside liquidity. On the 4hrs timeframe, we have a doji candle indicating a change in market...

Chieftain600 Apr 16, 2024

The price perfectly fulfilled my analysis. The market kept pushing downward after a brief retracement and on the daily timeframe, the bears are still showing a strong sign of dominance thereby leading to the market to keep crashing to the indicated target area. With just one important economic news today, we expect the price action to respect analysis and get to...

Chieftain600 Apr 15, 2024

After series of impulse movements as a result of Global economic news, the market broke below the monthly zone and is currently in a retracement phase. On a weekly and daily timeframe, there is a bearish engulfing signaling that the bears still dominate the market. In order to execute a trade, my target will be the 0.59685 region and expect the market to conclude...

Chieftain600 Mar 18, 2024

The market is currently trading in a descending triangle formation both on the 1hr timeframe and 4hrs timeframe indicating a possible trend reversal. While on the daily timeframe, the market is trading in what seems like a range. My goal is to SHORT the market once it gets to the resistance of 2170 zone and expect a support at 2145 zone and possibly expect a...

Chieftain600 Mar 16, 2024

The market fulfilled my last idea of retracement. Using the Fibonacci retracement tool, price action has gotten to the 0.60 area signifying a possible LONG position. We can also see rejections from the support zone indicating that the BEARS are gradually loosing steam and the market getting ready for a further move upwards since we are generally in an...

Chieftain600 Mar 14, 2024

The price action perfectly fulfils my last idea. After the brief retracement from the resistance, it fell to the 0.50 Fibonacci zone. This signals a potential bullish movement because generally, the pair is in an uptrend. This is best suited for swing traders. Use Wise Risk Management..

Chieftain600 Mar 11, 2024

The price action formed a Head and Shoulder Pattern indicating a bearish retracement before it continues upwards since it is generally in an uptrend. I am expecting to LONG at the minor zone and hold till above the resistance. Use Wise Risk Management

Chieftain600 Mar 11, 2024

After the impulse move to the resistance above, the price couldn't break to the upside and so a retracement started. From the indication, it will have to retrace to the 0.50 Fibonacci zone and then move upward to continue the uptrend. So there is a potential LONG position. However, given the HIGH ECONOMIC NEWS (CPI) that will be available tomorrow, i would be very...

Chieftain600 Mar 11, 2024

With the current war in Ukraine, the Bitcoin pump and the forthcoming halving, there is a lot of pressure on the safe-haven asset as the dollar is highly affected. Gold has gotten to an all-time high and shows signs of Bullish exhaustion which might start a Bearish Signal. But with the current economic situation, Gold might just have a Bearish correction to 2100...

Chieftain600 Mar 11, 2024

The Audcad is obviously gaining traction upwards. After the impulse bullish move the previous week, it is currently going through some corrections and since it got to the monthly resistance, it tested by also rejecting on it. I expect it to retrace downward a bit and then continue its bullish drive upwards. Use wise Risk Management.

Chieftain600 Mar 11, 2024

The currency broke above the resistance but quickly rejected off it thereby giving a long rejection weak. Usually after a bullish pump of that sort, there has to be a correction. The best point of entry for a Long position would be around 0.65939 especially since we are in an upward trend. Remember, the trend is your friend. Use wise Risk Management.