DedoAUS

DedoAUS Updated 

West Texas Crude Oil Long Price has come back up to the important psychological level of 79.000. We can see that previously this area has acted as strong resistance and support. In August last year we saw price find support here before continuing upwards. Since November last year we have seen it act as an area of resistance. On last weeks close we had price...

DedoAUS

Current Corn Short Entered originally, and admittedly prematurely, when we saw price touch the 61.8% fib retracement level. Entered a short position last month as price has been steadily falling since June last year. The falling price of corn is being caused by simply an overabundance of supply, and a lack of increased demand. On the supply side, we have...

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AUDUSD Short Late/Re-entry Price has come back down to the last swing low/base made before what was essentially a two week bull run. We have broken past this area and come back to retest it. When price came back to retest this key zone, we saw it touch the 61.8% fib retracement level. Non-Commercial traders, as can be seen through COT filings, are a majority...

DedoAUS

GBPJPY has retraced from its recent high of 188.5 and returned to an area we can see has been acting as a key zone all month. Along the way back down from its recent high we have seen price create lower lows and lower highs on the 1H timeframe. There is now a possibility we could see a reversal, first on the 1H and then on the 4H Setup Looking to enter long...

DedoAUS

Setup During the last range price made we saw an area form and act as resistance. We can now see price testing this area again and it looks to be coming support. Price has wicked into the zone and bounced off the 38.20 fib level exactly. Take Profit My TP will be around 0.63368, just below the final base on what we can view as the Daily swing high. This is...

DedoAUS

Setup 1: Price has found and broken above previous structure highs. It has now come down, and indicated by the previous candles wick rejection, is appearing to respect the area as support. 2: We can see that the golden zone on our fib tool and our ruled up key zone are almost identical. While this should be taken with a grain of salt, as both of these are rather...

DedoAUS

Setup 1: As we can see, price has broken above an area of resistance and has come down and rejected off it. This shows us this area may now become key support. 2: Price failed to close below the 61.88% and 66.00% retracement zone, showing us that price may respect this area and end its pullback here. 3: The golden fib zone being almost in the middle of the key...

DedoAUS

Possible short on OANDA:EURUSD Confluences Price has been in a steady downtrend all week. Price has returned to an area that was previously used as support, looking to see if it will now use it as resistance. Looks like price may be rejecting from a possible trendline. Setup If price shows some rejection from zone EG closes below the zone on the...