ElGore18

ElGore18

Trade idea Continue longer term GBPUSD downside with diverging macroeconomic data's and central bank policy. Entering trade if USD CPI comes in higher to support USD strength. Fundamentals GBP - The BoE has cut rates from the high of 5.25% to the current rate of 4.75% with more MPC members voting for a cut than anticipated. Inflation is holding around the...

ElGore18

Possible area of interest on EURCHF. 30min trendline and channel confirmed by 200ema and bearish profile shapes/POC locations. fib retracement aligning with trendline and low volume node as possible turning point. Will keep an eye on the reaction and possible triggers closer to the time. Eurozone marco data continues to come in lower promoting the continuation...

ElGore18

Long position in USDCHF range. 4hr ADX below 30 indicating a lack of directional strength, clear support and resistance level above and below range. Price has entered the support level with OBV divergence and a stochastics cross. Possible entry through the resistance breakout

ElGore18

Possible level to go short off on WTI Crude oil. Price coming back up into a trendline, resistance level (previous swing low), and low volume cave with the 200 ema acting as resistance and confirming trend. Also have yesterdays volume profile closing as a b shape with POC at lows and lower than pervious day. OBV is creating bearish divergence within this zone on...

ElGore18

Short on silver, breakout through channel and H&S price pattern.

ElGore18

Possible long entry if price holds above level of support after breaking out from higher and lower TF falling wedge patterns

ElGore18

Possible long entry if price holds above level of support after breaking out from higher and lower TF falling wedge patterns

ElGore18

Waiting for a confirmed continuation long on Nvidia. Correction is unlikely to be sustained without clear fundamental drivers especially with FED rate cuts around the corner. Looking towards key fib levels aligning with support. Either 38.2% at support level or 61.8% at $100 round number. Wait for clear break of structure to upside in the way of either counter...

ElGore18

Short term long position on gold to fill low volume cave and market profile single prints after price has rejects trendline and broken short term HH

ElGore18

Short oil off 4hr resistance and breakout through 1hr counter trendline, head and shoulders with RSI divergence

ElGore18

Possible long on Gold to fill previous session low volume cave and single prints above. Entry on breakout of double bottom price pattern.

ElGore18

Clear 4hr uptrend with 50% fib retracement. 30min counter trend channel, possible bounce to the upside off the channel and fib retracement

ElGore18 Updated 

Long USDCAD: Rejection off range low, breakout through countertrend line and head and shoulder. Going in line with current fundamental biases for higher rates for longer from the FED and rate cuts this week from the BoC. Keep in mind there is lots of high impact data this week for both the CAD and USD, weekly options expiries might be the safer choice around...

ElGore18 Updated 

Intra day long on EURUSD, Support zone with fib retracement in 30min uptrend. Wait for 15:00 US jobs data and use a trigger to enter trade if data comes out in favour of trade (weaker jobs data)

ElGore18

Continued downside on corn amid supply issues. Nice clear technical downtrend with volume profiles confirming direction with P-shape and POC at lows of days indicating price acceptance continues to move lower. Price rejecting off previous swing low, 50% fib retracement with EMA confirming trend. Possible entry on break through counter trendline and target at...

ElGore18

Candle stick patterns. Mostly reversal with the exception of a Marabozu

ElGore18

How to Identify an uptrend, downtrend and trendlines with channels

ElGore18

Late breakout from daily head and shoulders. Current entry, break of 4hr support level with SL behind 4hr resistance. Target at H&S MPO or next daily support Going inline with Oil Inventories higher and Rig Count higher