Fides_Trading

Fides_Trading

US30 is currently in bullish consolidation zone. We can see the price is continuing to make highs in the medium but has found resistance at 42830 with support at 41800... This is a narrow range from which to trade and entries can be blurry at times due to the fast paced nature of the market once these levels are hit... I am looking to take further long...

Fides_Trading

Gold is currently sitting upon a major support level at $3290... Price still trading above the 50 SMA confirming the bullish market directionality and is currently in the sweet spot on the RSI between 45-55 indicating the retracement is nearing its completion upon the 4 hour chart... Awaiting a Long entry on the 1hour/15min timeframe per price action signal

Fides_Trading

Looking at the 1 hour timeframe, EURJPY is currently ranging which we can capitalize on We have a resistance level at 129.500 which has been tested multiple time and price hits and moves down to 128.800 at the support level We currently have a bearish engulfing coming off at the 129.500 resistance level and can short it to 128.800 SL: 129.600 TP: 128.800 RR = 8.83

Fides_Trading

Looking at the weekly timeframe, we can see that gold made a deep retracement starting in August 2020 and has create a potential long term bullish flag pattern Gold currently has encountered resistance at 1690 which is the 0.618 Fibonacci level according to last Higher Low which the bullish trend since very much intact. This point also happens to be a...

Fides_Trading

Current retracement on the weekly timeframe, looking for a potential long opportunity around 1.35650-1.37000 which is in confluence with the Fibonacci levels of 0.50-0.618 which coincides with levels of significance around 1.36500 where we could identify entry opportunites within this zone. RSI was overbought on the daily so a deep retracement was expected before...

Fides_Trading

Weekly Timeframe shows that Higher Low levels of 1.16100 have not been breached thus the Bullish trend may still be intact and what we are seeing is a major correction. Granted there is a break in the major trendline however current bearish momentum is unsustainable without a major pullback which we can capitalize on. Of course, momentum is on the side of the...

Fides_Trading

Overall break of Bullish trendline within the 4-hour timeframe places EURJPY in a bearish structure however the HL at 124.300 has not been breached yet. Thus will be looking at a long entry at 124.300 with a R:R of 3.2 towards 125.400 where i would take partial profits via scaling. Should the bullish momentum hold past 125.400, Will be well positioned to ride the...

Fides_Trading

After the rally of the USD following the minutes from the meeting on Wednesday, we have a bearish structure forming on gold resulting in a clear head and shoulders formation moving towards the 1880.00 level This strength is the USD is extended to other USD pairs and is support by the technical analysis shown in the DXY SL:1955.00 TP: 1880.00 R:R : 2.04 currently

Fides_Trading

Gold is breaking new highs, currently on a retracement Fibonacci retracement places the potential entry point at 1965.00 (70,2 fibo zone) which we can see is a highly liquid zone from which the bulls can gain enough strength for a strong impulse move to take place While it is sitting on a potential support zone, more liquidity is needed for a strong push to...

Fides_Trading

Currently on a retracement to the 1800.00 level which will provide an entry for participates to catch the move to the upside should a signal be provided on the 1 hour/30min chart SL: 1795.00 TP: 1820.00 (Conservative exit)

Fides_Trading

Looking at the 4 hour chart, we can see the market has broken the trend line and moved up to retest the 10700.00 level The RSI shows the the trend is in overbought conditions Will be looking for a short opportunity on the 1 hour timeframe with a stop loss at 10735.00 and a take profit at 10350.00

Fides_Trading

Weekly charts indicate Bearish momentum as the primary trend Daily charts show that USDJPY has been trading in a bearish triangle range for the past few weeks 4 hours charts shows this triangle pattern has been broken thus indicating continuation of the bearish momentum Will be looking for a sell opportunity after a correction wave presents itself SL:...

Fides_Trading

The Daily and Weekly charts show that Gold has been running at all time highs. On the 4 hour chart, 17/04 showed a break in the daily trendline indicating bearish momentum, the trend moved up again creating a double top formation on the 24/04 With possible double top forming, We awaiting a sell signal SL: 1740.00 TP: 1570.00