usmand

usmand

Hi Traders, Is Bears are Trapped in Gold? Yes; you can see above chart market placed one Lower High and two Higher Low. Last week market creates Double Top and also creates Double Bottom on friday. USA and China Escalation Starts again.It indicates that bears are totally Trapped now and Bulls are fully active. So Whats Next? Buy Gold at C.P or after little...

usmand

Hi, Once again USA and China Tensions rises on Covid 19 epidemic. Technically Oil is Overbought territory, showing some Divergence in RSI. If it breaks the channel than indicates some Bearish bias. Important Levels: If it breaks the channel ascending trend line and $20.15 and placed Hourly candle below this than you can Enter. Or Retest of broken structure...

usmand

Hi, As above chart we can see Inverted cup with handle pattern.Market should break Handle flag pattern before reaching $1395 level. It indicates me some Strong bearish bias in this week. Short It! Take Profits: $10.90, $9.35, $7.65. With strict stop loss of $14.20. I am also in selling. Every system has a limitation. Good luck.

usmand

HI, I see some bearish Bias in Australian Dollar against Canadian Dollar. Reasons: Tomorrow CPI report negative from Australia, Canadian Dollar is in recovery phase and technically it creates Double Top and Rising wedge, creates shooting Star in 4 hourly and little divergence in RSI. So whats next, Sell at current price at $0.9083. Take Profit: $0.9025, $0.8920,...

usmand

Hi Traders, Every one has a short position right now in Gold and all the indicators,tools shows bearish bias. But the reality is that every time one person sell, another buys and both think they are Astute and you know who gets the profit at the end "Market Maker". At the end only one reason our tools and charts shows " False breakout". Ohh shit! So according to...

usmand

Hi Traders, According to above chart SP 500 creates Double Top pattern. it indicates some bearish bias. where to Enter, Enter at the Double top area $2885 or After break of Pivot point $2805. Targets are : $2740, $2650, $2590. If market creates some variations at 2nd Top area to covered some previous gaps so your Stop Loss should be $2935. Every system...

usmand

Hi Traders, According to above chart USD/CAD broke the channel and placed some classic candles like Doji and Marubozu. Moreover todays Unemployment and PMI data is also negative forecast. which indicates some bearish bias. So, where to Enter? Entry with partial lot at C.P @ $1.4145 and if market will going upside enter partial lot @ $1.4165. Target 1:...

usmand

HI Traders, As you know DJ broke the pattern of Rising wedge and dropped yesterday. So where to enter in a Trade? I have some Entry points at the Retest level *$23615* and at the Broken structure *$22900*. Targets are: *$21915* and *$21170* If you Enter at current price than your Target will be *$22900*.

usmand

hi traders, As you know gold market breaks Ascending trendline and may be it creates head and shoulder pattern. Market still at the neck line *$1702* after broke the structure. So, Short at the neckline $1702 Target $1678 Target 2 $1656 Target 3 $1634 Stop Should be $1708. I believed on quality instead of quantity. thanks.

usmand

Hi Traders, As you seen in the above chart their is Divergence in RS. which indicates strong bearish Bias. So where to Enter, At the current Price $15.66 Or If market will place 4 hourly candle below the key Level of $15.32. Initial Target: $15.32 2nd Target: $14.61 3rd Target: $13.91 4rth Target: $13.03 Stop should be $1618. Every System...

usmand

Hi traders, According to above Clock with Wedge pattern markets indicate some bearish bias. Market also needs some retracement and key levels are: $1694, $1662, $1644. Every system has a limitation. Thanks

usmand

Atfer all hopes for bullish is fall flat in Oil. Market need sone retracement and we can take a chance in sell from retest of broken neckline of head and shoulder @ $24.80. Target 1: $22.73 Target 2: $21.44 Stop should be $25.30. Stay away from bullish bets right now. "Don't catch the Falling knife" Thanks.

usmand

Hi Traders, According to above Rising wedge pattern, market may be break the ascending trand line. But it will just a false breakout because there is no Strong bearish momentum to break it hard. There is also some support area $1634 and market should definatly respect this area. So stay away from some bearish bets after expected false breakout. $1700 still on...

usmand

Natural Gas is still profitable right now. According to above Cypher bearish pattern we can take a chance in Natural gas sell. Current price $1.84 Initial Target $1.80 2nd Target $1.74 3rd Target $1.68 Every system has a limitation! Share your ideas in comment section.

usmand

Hi Traders, Buy recommendation only for Copper Lovers. According to above chart copper Broke the ascending triangle. This indicates the bullish bias and we can take a chance in Buying. for these Key levels. Entry Level: $2.25 Initial Target: $2.30 2nd Target: $2.37 3rd Target: $2.48 Stop should be 2.18 Every system has a Limitation! Please comment for more...

usmand

In this chart you can learn how to Mix Rising wedge pattern with Head and shoulder. with proper support and resistence. please ask question in comment section.

usmand

As per according to above chart you can learn, How to Draw Rising wedge trend lines? where to enter in a Trade? how to support and resistence effectively? For any question and query please comment.

usmand

As you know OIil prices decline $3 a barrel. Riyadh and Moscow at diplomatic stalement, each blaming the other for the oil production crisis. COVID-19 corfirmed cases 1,203,000 and almost 65,000 deaths worldwise. There is no demand of oil right now. So investors should not take immediate decisions in oil buying. According to Technicals last week oil broke...