fernandoc17

fernandoc17

Been short in this pair, after all this bullish movements I believe euro starting big downtrend, has been in accumulation phase for more than 4 months creating a bullish sideways movement overall, but this usually its bearish in Long term Oil Bullish / Cad bullish, Euro Last push on Monthly chart (EURUSD) , still downtrend on Monthly chart All entries...

fernandoc17

Gold still on a buble of 70%+ net long positions, we need a big correction before going higher, last week we saw a minor drop followed by a correction of the drop right before weekend this week Im buying at market open till 1820/1825 (slight higher top than last of 1818) than sell at the top for the correction of the last weeks big upwards move till 1740 area

fernandoc17

80% net long retail traders on gold and good news on Vaccine for corona will make gold go down incomming weeks will cause a change of direction on gold price

fernandoc17

Start of downtrend after accumulation Phase, All details above

fernandoc17

Gold idea

fernandoc17

We are at the moment on a major DXY sell off, It might look like it will continue to crash, but monthly chart shows a different story, we are just at Wave D, with Wave E being final rally for Dxy to 110 area, until the moment Dxy respected the trendline, support at 96.40 will decide the continuation of uptrend of break to the downtrend. This is pure technical...

fernandoc17

We are at a very bearish moment for eurusd on daily chart, Expecting new lows 1.0500 to be hit As you can see the downtrend didnt break even after many times of small rallys to remove some sellers positions, this is due to USD being a safe heaven for moments like this, DXY will hit record highs of 105+ which is just now also starting a uptrend, Eur is also very...

fernandoc17

Major Events about to happen, I decided to start by analysing silver which will confirm the expected drop on Gold we have been waiting for weeks now. The Monthly chart tells me we are in liquidation phase with all the crazyness happening arround the world, some think we are now recovering with many business opening and due to Gold / silver being a safe haven it...

fernandoc17

My view on eurusd was allways short, even when it made that spike up, which looked like a fake movement. This movement was due to fundamental news which came last week, institutions selled of Dxy which made eurusd fly. But this week eurusd its showing again its true trend. I believe it will reach 0.92 target but for next days we can expect this setup. Break of...

fernandoc17

We have Bearish and divergence! But we may see another rally in beginning of the week. This BEARISH pattern implies, that we must be looking for beginning of a Crash. In Short term, we might have first 5 wave decline. So another rally wave might be in play, wave up to 1730/40 then massive crash with the bearish Pattern playing out. Sp500 just started dropping...

fernandoc17

We are now on a clear downtrend on Gold as predicted, wait for retest on the trendline to add more sells in aditional to the sell from 1732, Put Sl 1720 and TP at 1680 to 1650

fernandoc17

We are at a very bearish moment for eurusd on montly chart, Expecting new lows 0.98/0.94 to be hit (C Point). As you can see the downtrend is just beginning, this is due to USD being a safe heaven for moments like this, DXY will hit record highs of 105+ which is just now also starting a uptrend, Eur is also very weak, this is due to the mess of economy eur is at...

fernandoc17

This is a massive Bearish pattern. Gold can rally higher from here to 1740 ( we have stop at 1750) or it can break from here. But there is nothing Bullish about this, Banks positions are 90% long on Gold, as also retail traders who believe all news out there of gold rallying to 2000, 3000 this year which will make gold do a massive dump to margin call all this...