RaSantana

RaSantana

A beaitiful wedge pattern may have completed as 10/26/2024. I am going out on a limb to call this a bottom! So trade at your own risk, as this is for educational purposes only! Good luck with your trading!'

RaSantana

A bullish scenario appears to be developing in the AUD. A long awaited update has turned bullish. Disclaimer. This is not investment advise, but is published for educational purposes. No liability will be accepted for any loses resulting from this publication. Wishing you success! :)

RaSantana

This is not investment advive, but an educational view on a bullish trend.

RaSantana

This is not financial advise & is only for educational purposes. Trade at your own risk as I will not be held responsible for any losses that may happen. Good luck with your trading.

RaSantana

After overcoming resistance at $34/$34, the next stop is $50 where a substantial correction should take place.

RaSantana

The Australian dollar may have formed a tweezers top inside an upward sloping wedge. Caution is deemed necessary at this point because if the bottom line of the wedge pattern is broken this would signal a sharp move downward. Taking some profits off the table could be a wise move at this juncture. Divergence between chart and RSI also points to...

RaSantana

Since the great breakout, we are about to have another opportunity to load up on some more silver after the 61.8% retracement or pullback has completed. Based on the length of the bearish flag pole I believe that silver will puncture the 61.8% level and enter the Buy Zone as outlined. While I don't believe in shorting silver in a bull market, it is necessary...

RaSantana

Whether you call this a breakout from a right angled triangle or a breakout from the preferred wedge, I believe the long awaited breakout has occurred at last! This move after a pull back could eventually see the price of silver on this daily chart go on to $25 to $30 very quickly! If this happens like I suspect, it will give an opportunity to take some...

RaSantana

Silver to Gold Ratio of 100 to 1 is in sight! 100 to 1 odds looks likely given that the ratio is now 92.7 to 1. Looking at the monthly chart of the ratio going back to 1998, it would almost be a shame if silver didn't spike to 100 to 1 with gold! It is now necessary to watch for this abberation in the silver/gold ratio. It will surely hit 99.999 just to...

RaSantana Updated 

A 50% retracement to $1311 or even $1303 can be expected before a resumption of the uptrend which is happening in Gold.

RaSantana Updated 

Silver broke out of the falling wedge, and then out of the downtrend which formed inside the wedge. After falling to the 50% retracement level at 14.74 or even the 61.8% retracement level at $14.65, I expect a surge towards the downsloping line of the large triangle. A breakout of this triangle would be needed at a close of $15.60 or so to confirm silver to be...

RaSantana

After being stopped out at 69.33 I have waited to see what will develope. We have broken out of the wedge pattern and now my entry is at 69.16 A stop will be placed at 69.00 and a target of at least 70.00 will be aimed at. As the Aussie dollar moves up I will be putting a protetive running stop to protect profits. :) After 70 cents has been achieved my stops...

RaSantana

Silver will follow gold and then some. With the ratio of silver to gold now standing at around 88 to 1 or so, it necessitates a sharp eye to be focused on silver. Three wedges jump out at me 1 down, 1 up, & now the latest wedge is down. I like wedges of both types and in silver's case this latest one points in only one direction and that is down, which means the...

RaSantana

This made me sit-up! With so many contacts on both the lower and upward lines of this downsloping wedge, I can't help but take notice of this development! With the relative strength index also showing a divergenge to the price of the Aussie, it makes sense to obliterate the news or fumdamentals as far as I'm concerned, and go with the flow! The next upswing...

RaSantana

A clear divergenge between the price and both the MACD & the RSI suggests that a bounce is on the table! As always a protective stop moved upwards as the price rises should be put into place. At this stage, the long position will be closed out when the price hits the protective stop currently placed at 70.61. As mentioned above, the stop will be moved up...

RaSantana

For the parallel uptrend to be valid, the adjusted bottom line must hold at around 71.62, otherwise I'm out of here! Disclaimer: This is not trade advise! No liability will be accepted for your trading losses! RaSantana's ideas or publications are meant for educational purposes only, and are given in good faith! If you are unsure or have any doubts about your...

RaSantana

The 4 hour chart shows that the Aussie dollar is entering an uptrend. As long as the bottom parallel line holds, we could be on to a winner here! So far it seems plain & simple, & sometimes these are the best trades! The MACD (moving average convergence divergence) is on the point of crossing which adds even more confirmation to a buy signal. As always protective...

RaSantana

On the 240 minute chart a 'bullish engulfing pattern' could see the flag pattern being broken on the upside at 1296.71 where it continues to around the 1352 area. Profit taking can be expected when it reaches that 1352+ area.