FUNTRADER-Vera

FUNTRADER-Vera

Hello traders, GOLD has made such a long leg up and break through weekly EMA support and now it is still moving above those EMAS. Last Friday NFP help GOLD reach 2000 again. But soon after NY session start, it show weakness of pushing price higher. This could give sellers signs that price could pull down for a correction after a strong wave from 1811 to 2003....

FUNTRADER-Vera

Hello traders, GOLD has broken the uptrend channel and moving beneath the pressure line on this 4H chart. Will this be a new leg down to test fibo 382? GOOD LUCK!! LESS IS MORE!

FUNTRADER-Vera Updated 

Hello traders, Lets review this weekly outlook first. This week, we were expecting weekly trend to be continued. And it is continuing with a fice-wave trend here. Check this right chart first, you can see that I am assuming wave 2 is still ongoing with lower 5 WAVES( RED). Oil could eventually hit last high and breakthrough to make a new high next...

FUNTRADER-Vera Updated 

Hello traders, In this week weekly outlook, I am waiting for a signal to buy again. Now it is time. On 4h chart, in this Asia morning, Tokyo session just starts. Gold's price action all running above EMAS with all small bullish body candlesticks. Usually, in a situation of a geopolitical trend, trend has very strong momentums to move one side. We just...

FUNTRADER-Vera

Hello traders, GOLD has risen 100 dollars last week. This makes a very strong bullish candlestick on this weekly chart. I would prefer to see this is the end of bearish trend for gold. And right now, we should only wait for new entry signal to long gold. With the support 2 level marker out on this chart. What will make this plan invalid is that another strong...

FUNTRADER-Vera

Hello traders, I have all my targets hit last week. Please go back to check these ideas. What is happening in the Middle East has very huge influence on OIL. What is going to happen in the next few weeks will also influence the trend and the strength of trend on OIL. On this weekly chart, I would say it is very possible for USOIL to make a new leg up to very...

FUNTRADER-Vera Updated 

Hello traders, USOIL did not make our buying plan a successful one yesterday. It turned down after making ABC (blue) sideways price action after being rejected from Resistance 1. The new ABC (red) is where we are waiting for a buying signal to buy today. Fundamentally, usoil should not on a bearish trend. So we are waiting for signal with RSI div AND price...

FUNTRADER-Vera Updated 

Hello traders, Gold is really on a strong trend that every time it retests EMS, it got support and it rise up again. CPI later before Newyork session. Will price be pushed again after fluctuations with CPI? Please remember to check with your EMAS on this plan for new signal to open buy again. WILL SEE! GOOD LUCK ON THIS PLAN TO BUY. LESS IS MORE!

FUNTRADER-Vera Updated 

Hello traders, If you check news in the weekend, you should know what is happening in the Middle East. And that is also why usoil make a such jump in this Asia Monday morning. Now price has reached fibo 382, will the London session and Newyork session to push price up more to fibo 618? Lets see and make a plan on it. GOOD LUCK!! LESS IS MORE!

FUNTRADER-Vera Updated 

Hello traders, This Wed and Thurs will have US PPI AND CPI. Just trade with care before that. On this 4H chart, GOLD is pulling down for correction. But it is still on a bull trend on daily chart. And down to B position, it is where to look for a new entry signal to long again. Hopefully, will test FIBO 500, WEEKLY Resistance zone ON this chart. GOOD...

FUNTRADER-Vera

Hello traders, GOLD made a big move in the last 2 weeks. This is not good for weekly trend. Why? Let's check it on the right weekly chart first. In the new downtrend channel, price could pull back to retest the upper channel before new long leg down. Down to support 3, gold could make another $160 from 1880 to1620. Take a look at the 4H chart on the left. This...

FUNTRADER-Vera

Hello traders, USOIL made a strong leg down to SUPPORT 1 in my long vacation. What a strong bearish trend on both charts in this idea. Now what is the next plan for next week? Let's go through it step by step. First of all, let's review it on 4H chart. This new bearish trend start from 94.99, almost 95 on the last trading day of Sep. There was sign for that....

FUNTRADER-Vera

Hello traders, GOLD has reach the FIBO ext 2.27 POSITION of last wave A. This is a position only usually hit on a strong trend like this bearish trend for GOLD. This is a not a position to open sell for your own account safe. But you could try if you prefer to trade on a smaller timeframe chart. Now we are checking Fibo 382 position for BC wave to pull back...

FUNTRADER-Vera

Hello traders, See there are two pattens on this 4H USOIL chart. One is the RED ABC wave was expected down to break low of last week. The other one is the Cypher Pattern to drop from D position. None of these patterns really happened. USOIL just retest the low of last week and start to rise from there without any stop. Now it is sideways in a small range in...

FUNTRADER-Vera Updated 

Hello traders, USOIL seems hard to push for a new high before a correction. Check the weekly outlook, it is going to reach the low of last week. Breaking through it will make it possible to reach the bottom FIBO ext 1.414-1.618 position where we were expecting with little chance. GOOD LUCK ON LOOKING FOR ENTRY TO SELL. LESS IS MORE!

FUNTRADER-Vera Updated 

Hello traders, The weekly trend line seems still hard to break through for gold. Now gold it turning to the easier way to move. The new ABC wave is the lower level ABC (GREEN) . And fibo ext 1.414-1.618 of the Red higher level ABC wave is the selling target zone. GOOD LUCK ! LESS IS MORE!

FUNTRADER-Vera

Hello traders, USOIL is still on a very strong bullish trend on weekly chart even though it finished a little bearish candlestick last week. This is the first bearish signal in last 4 weeks. But this may not be a signal for reversal. The red arrow is the plan for a weekly correction which it is not easy to say it would happen in a very high possibility. In...

FUNTRADER-Vera

Hello traders, Check out last weekly outlook of Gold first. Still, Gold is running beneath the weekly trend line but a small bullish body candlestick. It is saying that gold is still struggling in a small range. Down to the weekly support could help making a retest of the support level. And more possible for gold to break through the squeezing triangle to...