Gold sold off sharply today, dropping 15.5 points and closing under all 3 moving averages on the chart, the 6 day, the 8 day and the 21 day moving averages. Gold now seems determined to head south. The first target should now be the lower red bollinger band. Chart update: now that the bull run is over, I've removed the intermediate and short term waves from the...
Natural Gas closed above the 6 and 8 day moving averages. Today's green Heikin-Ashi was the second in a row. This could be the start of a move back up.
Gold sold off in the overnight session to tag the 21 day moving average. The precious metal then reversed as the New York markets opened up and rallied to close between the 6 and 8 day moving averages. On the whole, gold rose a modest 1.5 points today. Today's doji shows that once again gold seems to be in a holding pattern and moving sideways. Although since this...
Natural Gas gapped down at the opening of trading on Sunday and continued it's selloff. While this bearish move is overextended, there's no indication yet of any kind of retracement. The doji candle last Friday is now signaling more downside movement.
All signs are pointing up, waited for a nice pull back to jump in the big push forward
EURCHF entered an area of Resistance within the cloud
After a range period now the GBPJPY is ready to go up the tenkan to kijun and maybe till the red kumo at 134-135. Stop under 126
If price breaks the Kumo and 50 RSI I will enter long. Nothing further until price breaks KUMO
As part of the #project1001pips @Ichimoku_Trader www.tradingview.com and @Fxprotrader www.tradingview.com generously gave of their time. A great thank you goes to them. I have learnt a lot as part of the Wichi Team and felt I needed to summaries what I have learnt and check with the team if my understanding is correct. Also to give back to the project1001pips. ...
The orginal trade idea is from @Ichimoku_Trader. Taken it and looking good. Thanks Ichi-San and the Wichi team