NakedTrading4U

NakedTrading4U Updated 

GBP/USD swing has played out almost as expected CABLE touched the 50 fib, dropped, then came back up and tested the next fib zone at 68 Price action rejected nicely at this point followed by very nice bearish momentum CURENTLY, IT APPEARS AS IF GBPUSD IS RETESTING THE TREND INTENSITY AND SHOULD NOT BE RETESTING AS DEEP Target is painted by our FIB...

NakedTrading4U Updated 

USDJPY seems to be losing some STEAM on this current uptrend, which is to be expected as we have gained some significant value and rather quickly since USDJPY hit its bottom around the 128 area. Multiple tests of the upper channel trend line, and a consolidation of the price action give clues to the next move. A retracement and retest of the BOTTOM CHANNEL...

NakedTrading4U

Our GOLD BEAR FLAG literally could not have played out any better. USD strength is being bolstered by multiple good data releases but that final rate hike and impending recession is on the horizon, gold eventually will be the best buy BUT Anyone who was not expecting this drop is realistically suffering from "Over-Analysis" as this example of a BEAR FLAG is so...

NakedTrading4U

GOLD CUP & HANDLE on the weekly tells the overall story. Gold is getting ready to make a bottom, Before new highs Right now we see a BEAR FLAG that was formed, with a BROKEN NECKLINE. This is a nice continuation and frames our overall trajectory for GOLD very nicely. Cup and Handle on the weekly is showing that a retest of a bottom will happen before a new top...

NakedTrading4U Updated 

USDJPY the famous carry trade is about to, carry trade. Trend reversal is basically all but confirmed, in the medium term, with USD being propped up by MASSSSIVEEEEE job data, along with the inverse Head & Shoulders that is being formed. Some bullish momentum should resume in this key support area.

NakedTrading4U

Historical data of gold shows that September has always been a very significant gain month for this particular commodity. Using this we can create some confluence and frame what is going on right now. From just a raw price action standpoint gold looks to have created a local bottom, with a nice double bottom formation, having the 2nd low being higher than the...