pparmy1991

pparmy1991 Updated 

With all the divergence in 4hr and 1hr chart, it's likely that GOLD starts its bullish run from here to retest previous top, or even the multi-year top around 1360-1370. This is confirmed with the response from gold miner ETF (GDX/GDXJ) as well. But this might be the last up move for gold this year, so trade with care. I think GOLD is going to revisit 1200 area...

pparmy1991 Updated 

Oil very likely bottomed today. The only thing I am not very confident here is that there is no divergence generated on 4hr chart. Pattern wise, it should go reaching the previous top or even breaking it. If it trying to retest the bottom and give us divergence next week, I ll load more, currently entering 40% of my normal position here.

pparmy1991 Updated 

On 4hr chart, we have seen continuous divergences on MACD, RSI also starts showing divergence. It's time for a daily basis correction after the previous bullish trend for almost half a year. Expect to reach target region around 2740, where shows a strong support/resistance level. Keep in mind that the long term trend is till UP!

pparmy1991 Updated 

I think the cycle low is already in around the 200SMA on daily chart, after a big ABC corrective pattern and divergence on MACD, we might or might not break the previous top. The trade was confirmed with today's breakout with solid candle and high volume. Way overbought on 60min chart, that is usually the sign of turning instead of correction. I entered my long...

pparmy1991 Updated 

I have been watching the slow up move for about 2 weeks (was long OIL two weeks before). Major players are still on the selling side, even rumor of closing Hormuz Strait does not help the bull too much. Once the monthly candle closes, find an entry to short. Ideal entry will be in the range between 70.90-71.20, stop loss above 0.618 retracement, target 1.272...

pparmy1991 Updated 

The rally for BTC is not quite done yet since no obvious divergence is detected on either RSI and MACD. In the current wave, we are still on the 4th corrective subwave, a likely 5th wave is going to break the top of subwave 3. If you are already bought BTC, watch the price action around 18200-18500 level for trend reversal signals, get out the long if selling...

pparmy1991 Updated 

Divergence detected on both MACD and RSI, and GOLD is making a bearish flag and going nowhere. Watch the price around 1321 to find an entry selling short. Stop loss above the previous high. Risk&reward is decent, worth a shot! Once it came to 1280-90 level, we decide whether go long or not.

pparmy1991 Updated 

There is a chance that NG bottomed today by breaking the previous low and we saw divergence on 4hr chart. But there is still possibility to have one more leg down after correction. If price action is not strong when reaching 2.75 level, would close part of the positions and wait for the bottom signal.

pparmy1991 Updated 

Bearish Harmonic pattern detected and also divergences for RSI/MACD on 4hr chart. Stop loss above yesterday's high. TP1: 49.1-49.3 TP2: 45.5-45.7

pparmy1991 Updated 

Sold JDST last Friday since GOLD is deeply oversold on 4hr chart. Looking for reentering the trade since this is apparently not done yet. Watching for price action around 1302. Short GOLD again if bearish signal is detected, target could be 1276-1280. Trade with plan and good risk management strategy, GL!

pparmy1991 Updated 

Lots of divergences are generated on 1hr chart and bullish pattern is detected as well. Some bounce could be expected, put a stop below today's low and see how strong the bounce would be.

pparmy1991 Updated 

Looks like it is breaking, lots of divergences are detected as well. USDCAD is about to bounce. Entry 53.13, SL:53.53, TP: 50.75-50.80

pparmy1991 Updated 

Seeing divergences on both RSI and MACD. Wait for a flag & break out of trend line. It will be easier to set a stop loss after the break out. TP1: 49.5 area TP2: 48 area

pparmy1991 Updated 

ABCD corrective structure pulled back to 0.618 area, also a bearish harmonic pattern. Strong resistance from 50.80 to 51.20 and a good risk&reward ratio.