Olajireolapoju

Olajireolapoju

Hi Guys, The reason why most traders loos traders lose more than wining, in my opinion are as follow: 1. Inability to see the bigger picture buy focusing on lower timeframe that has too much noise level. It is usually easy to get a better directional bias from the higher time frame than focusing so much on what the market is doing on the lower time frame that...

Olajireolapoju

I am very bearish on Gold at the moment with the bearish momentum I am currently seeing in the market. 2266 is the consequent encroachment of the fair value gap created on the weekly. this is why i will never attempt a buy until I see how price reacts to that price level. Would there be a break of a rejection for sell continuation? if it breaks then over next...

Olajireolapoju Updated 

Hi Traders, With the very strong Bullish candle observed yesterday on USDCAD, this pair may be heading toward the High of November 2023 at around 1.3900.

Olajireolapoju

I am expecting Gold correction any moment from now if the divergence I am seeing in 4HR timeframe continues to hold. In addition, I see a strong rejection of $2,395 but if this gets followed by a bearish engulfing candle with a daily bearish candle and weekly strong rejection, then I would be looking to ride a sell next week. Patience is key. Be patient

Olajireolapoju

From the technical perspective, Gold may fall any moment from now as the Psychological resistance of $2,300 has been respected. However, I would like to be patient to see a bodily close below $2,146, to validate my opinion for the sell idea. I would really like to see a restest of $2028 - $2040 to watch out for any possible sign of bullishness before joining the...

Olajireolapoju Updated 

If the inverted Fair Value Gap Doesn't hold. Gold may sell to $2,144-$2,148 Support Zone.

Olajireolapoju

I will wait for all the news to be out for today. There is a higher probability to but from the inverted FVG.

Olajireolapoju Updated 

Dear Traders, Without making technical analysis complicated, I have been riding Gold buy from the 2019 zone, and with the bullish break-out on the flag confirmation, I will continue to ride this trade till 2057 in the first instance and if I see any sign of bullish continuation I will continue to trail profit till 2087

Olajireolapoju

I have shown 3 good reasons why I feel BTC may continue to sell to $32k zone on my chart

Olajireolapoju

Dear Traders, Buying BTC aggressively right now appears to be a very dangerous adventure as there are quite a lot of fundamentals driving these pairs from the SEC approval to investors' sentiments. One thing I know for sure is that Institutional investors would always want to buy at a discount/fair value and ride any asset to a premium. For me, Considering the...

Olajireolapoju Updated 

Dear Traders, I believe very strongly that whatever happens on Gold at this week's market open is a major manipulation of the market. I was expecting a slight spike above the previous All-Time-High, then a correction to the 18xx one before any major move to the upside. As you can see price finds its way back into the channel I marked out and has been...

Olajireolapoju

Dear Traders, Looking at the weekly chart, it is still very obvious that BTC is still Bullish. As you can see, there are 3 scenarios that may play out going by what I can see and as shown in my mark-up. I see scenarios 1 & 2 more probable unless we see a weekly closure below the trend-line. Trad carefully and apply proper risk management

Olajireolapoju

If BTC closes above FWB:48K with strong BODY on the monthly, then, the BEARS may finally lose the battle... and maybe we may be heading to $100k this time. I am not trading this pair on a margin basis. I am going to be waiting for the right price action to follow. Trade carefully...

Olajireolapoju Updated 

Dear Traders, From a monthly perspective... Gold may be about to make another ALL-TIME-HIGH (ATH) as the metal has been bullish from a daily perspective since October 2022. if we break and see a bodily closure above 2050, then we should get prepared for ATH.

Olajireolapoju

if we see a comfortable bodily candle close above 1977, then we may see 1920-1922 zone on Gold

Olajireolapoju Updated 

Hello Traders... Because fundamentals are not in favor of GU, I had to look at a much Higher time frame for this pair and this is what I am able to come up with. I feel that the bears may have another party in the long run but I am going to watch out for the 1.26842 zone for some bearish pattern to help me follow them. I see the possibility of the retest of...

Olajireolapoju

Dear Trader, Whilst I see a rising wedge in the 4HR time frame for which price action is sell.. I strongly believe that sellers need to be very careful here as I see Gold likely to touch the top of the up channel before any major reaction. Gold is very likely to take out the previous ATH going by the bullish momentum we have seen so far and this calls for a...

Olajireolapoju

GU may still have unfinished business with the bears and my first attempt at a buy will be as indicated on my daily signal as shown unless I see Bullish break above the trend line whilst paying attention to the possibility of the bears still pushing price to the orange zone