Pingens-Trading

Pingens-Trading

As a short-term swing trader, I continuously seek out reversal zones at critical levels. This pattern has been a familiar occurrence for me, especially with recent fundamental shifts such as geopolitical tensions and China's increased gold purchases. In light of these developments, I anticipate potential uptrends following each sudden decline in gold...

Pingens-Trading Updated 

This is another Day Trading Opportunity. GOLD Sell @ 1818.5 TP: 1810 SL: 1826 (if near then will move SL to 1831)

Pingens-Trading Updated 

Most likely Gold will hit 1923 region again before going down. This is a short term day trade. Buy @1915 TP1:1919 (Close 50% of your Open Position) TP2:1923 (Close All) SL: 1909

Pingens-Trading Updated 

As Described in Picture, Gold just completed the Gap fill of 1930 level. Now it should come down and touch the 1919 level before its next move. It may give a pull back on 1923 level but ultimately it will go to 1919 level by end of today's session

Pingens-Trading Updated 

In continuation to my last analysis - I believe GJ is losing momentum of going up. Now if we do some TA then we can see the following - 1. There is a 4H RSI Divergence which happened twice in last 2 weeks (red lines in the chart) 2. GJ touched the top of Weekly Resistance zone (161.05 - 169.70) that I drew from 2016. So it could not break that resistance zone....

Pingens-Trading Updated 

What a show of GBPJPY for last few days. However, GJ still has a good chance to go up but I've figured out a trendline yesterday and was waiting to see the price action at that line and seems like it has touched and started reversing from there. So I am entering into a short trade from here. Although as I said this is a very risky trade but still cant wait to...

Pingens-Trading Updated 

If you follow my analysis then you've already made some big profit so far. (Check the Related ideas link or previous analysis) Fundamental: There is a war in European soil and anything unexpected thing might happen and economic outlook is/should not looking good for EU and GBP as they are related to each other. US is going to increase the interest rate within few...

Pingens-Trading Updated 

Technical: I have seen many times before that 4H RSI divergence at top or bottom of price is an early signal of trend reversal. I've given a link of my previous analysis where price was dropped around 500 pips. I am expecting that to happen here too. But again this is a long term trade and could take up to few weeks. In the journey there could be some price...

Pingens-Trading Updated 

Fundamental Analysis: For last almost 2 weeks GJ was giving some mixed signal. Now it seems like official bank rate is going to increase for GBP whereas US fed will increase the Bank rate at March. So fundamentally I am thinking that GJ will go up all through February and started falling from beginning of March and ultimately fall hard IF US Fed increase in bank...

Pingens-Trading Updated 

GJ is going down as I analyzed before on beginning of January (January 12). It will probably go 200 pips more by end of this month or early February. Detailed analysis also the reason (technical and fundamental) is in the previous chart/analysis -

Pingens-Trading Updated 

GBP Finally broke the support of 155.50 with such a huge force that it did not get any chance to re test it as a resistance. However, it also broke the support of 38.2% Fibo level also (as in picture) without any issue. Now for this week, I am expecting GJ to go further down towards my final destination of 152.40 area. But there is a chance that it may test 154.61...

Pingens-Trading Updated 

GJ is now at an interesting phase. It is trying to break the support zone of 155.48 but is not getting enough momentum. So What I am expecting is it will go up for few hours/days and then push down with a greater force/momentum. So Going long for few hours (its scalping or day trading) Logic for going Up: 1) It cant break the support of 155.48 support...

Pingens-Trading Updated 

Technical: RSI Divergence in 4H chart generally brings pattern reversal in GJ. I have seen it many times before. Specially if two or more divergence happen for few times in the same price zone. There was a failed H&S also which means after forming the H&S the big players tried to take the direction in opposite way to fake it out and now they are accumulating...

Pingens-Trading Updated 

Hi Guys, My trades are going really well as per my idea of last week (see the link below for the idea). You need to understand how smart traders/big investors work. They take their positions slowly as they have a huge volume and also generally take the position in semi - long term perspective. If you look into the chart of volume then you now will understand that...