Sascha_Gogolin

Sascha_Gogolin

Breakout of a tight corrective structure. Potential follow through after a re-test. Since this is a counter trend trade, targets should be smaller than usual.

Sascha_Gogolin

If price makes it up to 75.30 again, I am looking to sell with a first target around 74.60. If the selling is strong and manages to create new lows my second target is around 73.70.

Sascha_Gogolin

False break of corrective structure. Looking to buy at a retest of the range low with a target at the range high.

Sascha_Gogolin Updated 

Potentially a good short term play coming up in the precious metal. Long at the bottom of the corrective structure with first target at the structures top.

Sascha_Gogolin

This pre-breakout setup offers a really good long opportunity.

Sascha_Gogolin

The price action on this index indicates that the buyers ares till present in the market, keeping price levetating within a small corrective channel above 17850. I am expecting another impulsive move towards the even handle around 18000. If buyers are able to push beyond that, 18150 would be up next.

Sascha_Gogolin

As soon as price broke out of the 1,5 month consolidation, the reaction was forceful, catapulting price 165 points upwards in an instant. Since the pullback is really weak compared to the prior bullish impulsive move, creating a bullish flag pattern, I expect a smaller correction. In my opinion it is very likely that we'll see another strong bullish move in the...

Sascha_Gogolin

Short term - Short bias Long term - Overextension and possible transition/reversal Price looks a bit overextended on the weekly chart with a strong 2 bar reversal on the daily chart. Momentum on the other hand is still in favor of the bears so another sell at the measured move objective around 1.89000 is clearly justified as long as we stay underneath 1.90000...

Sascha_Gogolin

Steadily gaining since the end of last year, this pair has recently broken through a key resistance level around 0.79000 after putting in a daily breakout pattern. The swings on the 4 hour chart are very harmonic and even in size. They are increasing in time though. If we get a weak pullback into the zone around 0.79000 which lines up with the measured move...

Sascha_Gogolin

Potential false break above 127.000. Sellers quickly managed to push price back below the level. The bearish trend seems to increase in strength and looking at the measured move objective we could get a substancial bearish move if the false break manifests. I would only look to short around 127.000 if we see a weak pullback into the level. If the move into the...

Sascha_Gogolin

We might be seing a transition from the bearish into a new bull trend long term. Buyers managed to push through resistance around 0,68800 but the selling back below the level was pretty strong so this might be a false break. If the buyers really were in control they should have managed to keep price above this level. IF and only if we get a weak pullback into...

Sascha_Gogolin

Price never made it up to the resistance zone mentioned in the last trading idea before selling off heavily. We've just broken through a support area around 1.29500 and can now look for a re-test of that area with a quick target at the next support coming in around 1.28300.

Sascha_Gogolin

The GBP/AUD has been in a bear trend since the end of August last year. Just recently the bears were able to pull price underneath the even handle 1.90000 and keeping in there for 2 weeks now. The next weekly support came in at around 1.87000 and for now it has absorbed the selling and rejected lower prices. But as long as we do not get a close above 1.91000 I...

Sascha_Gogolin

Since the end of January this pair has sold off heavily. Short term the bulls have found their way back but mid and long term I am still in favor of the bears. Only a close above the even handle 1.35000 would change my bias. We are closing in on the resistance zone between 1.33900 - 1.35000 which is a good area to get short in line with the higher time frame bear...

Sascha_Gogolin

Since the end of January this pair has sold off aggressively. Short term we are seeing an increased activity by the bulls but as long as the 1.35000 handle has not been taken out I'm in favor of the bears. We are closing in on the resistance area between 1.33900 -1.35000 which should provide us with a good area to take a short position in order to join the long...

Sascha_Gogolin

The pair is putting in a triple bottom around 111.000 and there is a new price action squeeze forming back into the range idicating that the buyers are unwilling to let go of their control. If the buyers manage to keep price above 111.600 we might see a possible pullback towards that level and a continuation towards the top of the range.

Sascha_Gogolin

Still being contained within the huge 1 year range I am maintaining a neutral bias on this pair long term. Even though the NFP last Friday attracted some bulls I'm still bearish both MT/ST and looking to sell any pullbacks towards the resistance zone between 1,1050 and 1,1100. The large top wick before last weeks session close indicates that the sellers still are...

Sascha_Gogolin

EUR/GBP has climed towards a really interesting weekly resistance level and is showing signs of rejection on the daily chart (2 back to back pin bars). On the 4 hour chart we can clearly see that price has put in another wedge pattern around this level. Last time this pattern led to a strong breakout which I took and profited from. This time however I am more...