Olajireolapoju

Olajireolapoju

From the daily chat, 2890 is major support but I see a scalping opportunity to 3,130 from 2,945 on the 4HR time frame. I am going to take a long one and find a re-entry opportunity with fib from 2890 and scalp for a hundred pips profits from 2946.

Olajireolapoju

We really need to see a closure below 1775 for further downward continuation.

Olajireolapoju Updated 

BTC convincing closure above 45k on the weekly and daily timeframe is a good confirmation for me. Another major resistance broken and retested for continuation upwards

Olajireolapoju

If you check my last post on BTC, you would recall I mentioned I would like to see price break out the red channel back into the white channel. The breakout of the red channel has actually happened taken us very close to 50k which may actually happen soon. we may then see some retracements testing the breakout point to take us to the 60k area. but let's keep our...

Olajireolapoju

Hello Traders, There is a fair amount of probability that this is a new good entry for US30 to 35,000 resistance.

Olajireolapoju

Hello Traders I really need to see BTC break out of the green channel back into the white channel and bounce off the uptrend line before I can be comfortable that bitcoin will continue to buy. If you look at the 4HR chart, you will see that a downtrend is being formed but let's wait to see if the break of the white channel is a fake break, otherwise, we should...

Olajireolapoju

For as long as this channel remains unbroken, we may be heading to a retest of 35,600 before the weekly candle closes and may extend till Monday. A closure below the channel invalidates this idea

Olajireolapoju Updated 

As we can see, Gold is still respecting the downtrend-line within the triangle. Let's see how far down we can go, There are 2 major supports that needs to be broken before we can arrive at the expected 1760 destination (1780 & 1773). Trade with caution and proper risk management. Happy trading

Olajireolapoju

XRP just clearly bounced off the downtrend line. $1.35 resistance may be tested soon

Olajireolapoju

A break out above 1795 will invalidate my short bais. Still watching

Olajireolapoju

Gold trying to decide. It is better to secure entry and wait to see the new direction. Better to be safe than sorry

Olajireolapoju

Wow!!! Gold has really blessed the patient and the fearless today, Market closed below 1782. I expect gold to keep respecting the trend line till we get to TP2 @ 1773. I hope people trading are moving have moved stop loss to significant profit. We should see some reversals at market hope. so we need to be careful not to enter trades on moving candles!!!!! Please...

Olajireolapoju

Just saw the impact of FOMC Minutes on the trade. This trade still appears valid. Was taken out in Tiny Stop Profit but got the opportunity to re-enter at 1788 and back in risk-free trade. Watching this closely as I expect XAU to retest daily support @ $1770. Let's see how this plays out. Happy trading

Olajireolapoju

My target Final take profit for Gold is 1760... we would see a retracement back to 1780 after TP 2. TP1 is already done for me and we have taken out one position out of three. Let's see how far this idea can get

Olajireolapoju

Closure of the current 4HR Candle below the green horizontal line may take us to $1,770 - $1,772 area and if broken, we would get to $1,760 to and take off to retest. $1,831

Olajireolapoju Updated 

My bias for BTC is still bullish but with a lot of caution. I will be waiting for BTC to retest weekly levels at 45,380 to take a buy decision with 300 pips SL and continue to monitor $43,021 cloely for any sign of a downtrend.

Olajireolapoju

Gold is currently on weekly support. This is a make or break zone from my perspective

Olajireolapoju

BTC has been respecting the red channel very well on the uptrend and may touch 50k anytime soon. I am still watching. Please like my idea if it makes sense to you. Trade carefully!!!!!!