I don't typically watch oil too much but with all that's been in the news over the past few weeks how could I resist. Also being involved in the USDCAD trade that I shared with you guys last week caused me to keep one eye open as well. Anyway, despite the fundamentals (some of which are screaming short) the technicals are what matter to me most and in a heavy...
As the week moves ahead the GBPUSD has been moving sideways this week. However this gives us an opportunity to scout for Harmonic Patterns. On the 15 min chart there is a possibility to take the long or short Gartley pattern. In essences this would be a counter breakout trade going in the opposite of the breakout. keep your eyes peeled on this one Guys Good...
Hello everyone, It's been a while since I could find a great setup and here it is. I tried to make everything clear on the chart and combine both Elliott Wave analysis with ratio trading (which is really hot these days.) As the chart suggests we have started a higher degree correction in USOIL from 13th of January. Whether it's a correction or a New bullish...
Following up on my last video XAU/USD offers another opportunity to demonstrate the various ways to use Fibonacci tools. IF price action were to break our current structure level to the upside, THEN we're looking at a potential reversal zone that offers previous structure resistance, and a Fibonacci cluster. For a more detailed explanation of my analysis on this...
Silver is ready for the Investors to step back in on the Silver Trade for Physical Metals
The EURNZD is currently in choppy waters but i think based on my analysis, for some hope. Currently on the Gartley pattern we are at a potential AB projection to form the C leg of the Gartley pattern if that happens(as we are @ the 26-18 trade setup), we could ride the C leg to form a Gartley completion @ the PRZ, 1.5623. If this happens we could look to get long....
with a major pin bar reversal at the PRZ we could see the AUDUSD continue lower this week. Classic cypher confirms this. Good Trading Guys
As the currency markets are quite today i decided to take a look at the S&P 500 and it has come to my notice two harmonic patterns which both complete near a major support structure level. Being a ratio or harmonic trader both these patterns give me confidence of taking a long position in line with the current trend in the market. Good Trading Guys
The AUDUSD is giving potential opportunity for Bat pattern traders to take a counter trade trade at the 0.886 at 0.8425- 0.8410 PRZ. However there is no clear major structure level prior to the X extension leg. So today my plan is to trade this bad boy bat up to 0.8484 take profit 2 level. Good Trading Guys
The current bearish cypher overshoot and made us miss an entry on the short side however this pattern is still valid as we wait for a pull back tho the PRZ and look for a double top on a lower time frame for an entry short. Good Trading Guys
The NZDUSD has been violating structure this couple of days. However there has been a formation of a potential Bat completion at around 0.7700 even handle number. This being a psychological number we could watch for a PRZ. Good Trading Guys
Both gold and silver are way oversold at the moment compared to US$ and likely to go up (depspite what mainstream will lead you to believe). So I'm not saying gold will be a bad investment.. However this chart just looks at relative merit of gold verus silver. As the line moves up that shows gold getting more expensive compared to silver. We can see that we...
Shorted Gold/Silver ratio using CFDs. So far so good...
....Back to the Analysis… now that we’ve put in a lower low, lower close and the RSI is buried, I think 1 of 2 things will occur. Either we’ll continue straight down to the Fibonacci cluster which comes in at structure, or we’ll see some relief that will result in a retest into previous structure support which should now act as resistance. Now I would shy away...
Looking a a structure based long opportunity here as price actions looks to retest previous structure support. We've got a combination of multiple harmonic moves lining up with a Fibonacci cluster and of course structure looking left. As of now I'm waiting to see how price action reacts within this zone before committing to an entry.
A great indicator to determine the confidence (ie. risk appetite) of investors/speculators is the XLY/XLP ratio. XLY is the ETF for consumer discretionary stocks whereas XLP is the ETF for constumer staples stocks. In times of confidence, XLY should perform better than XLP because there is belief that the economy is doing well and that people will spend cash on...