Trader-Aun_Official

Trader-Aun_Official

EURJPY : A very favourable close we had yesterday & this adds more weight to our sell call as price has seen strong selling pressure just under the key long term resistance area. There are very few times when we have price trading at monthly or weekly key levels and sending us clues via price action on shorter time frames like daily or 4 hours and those...

Trader-Aun_Official Updated 

EURYEN Now , this is what we call trading counter trend. One of the first rules of taking counter trend setups is that we must take counter trend setups from key long term levels or from value areas. I couldn't post the Monthly and the weekly charts but if we draw a simple downwards trend line on the monthly and then adjust the same trend line on the daily and...

Trader-Aun_Official

US OIL : STAYING ON SIDELINES FOR NOW As we have tried on two occasions to short this asset and this time we have had an absolute stop placement, which means once our stop is taken , the whole idea of Selling has been nullified, at least for now. Our next course of action will now be to trade this asset in-line with the daily chart dominant trend which is to...

Trader-Aun_Official Updated 

US OIL : PIN BAR STILL ACTIVE We are taking another chance here shorting the US OIL from current levels and will place Stops @ $54.20 (Stops must be placed at levels that if get hit should nullify the whole idea). Daily goes in-line with our Sell call , and we have a nice Pin bar Setup on the 4 hours , there has been an inside bar setup formed right after the...

Trader-Aun_Official Updated 

GOLD : A LOT OF INDECISION We are bullish on GOLD for long term and expecting a deeper rotation back to the old $1440 - $1450 support area where we expect GOLD prices to be supported by buyers. For now our bias is turned bearish short term after the formation of LH,LL pattern on the daily and prices has seen strong selling pressure recently after we have had...

Trader-Aun_Official Updated 

US OIL : Short As we can see the US OIL is in official bearish trend and if we get a setup on a shorter time frame i.e 4 hours or hourly , that goes in line with the daily chart trend means we have a good trade at hand. US OIL Short sell : factor of confluence 1. Trade is in-line with the dominant daily trend (Bearish) 2. EMA's confirming the Sell Setup ,...

Trader-Aun_Official

GOLD : LH,LL Pattern activated Gold is in long term bullish trend and as we must find weakness in rising market to join the buyers from value areas. Sometimes it is very lucrative to take counter trend setups , provided they form from a major key long term level. $1555 and $1525 are two major resistance levels which this asset has rejected on the weekly &...