Felipersan24

Felipersan24

This is my view on the SPX500 I believe there will be a last effort to drive prices higher; one to two more extensions which target the 127% Fib extension and the 168% Fib extension of the last bullish range. I also see the start of a strong divergence in the RSI(14) and there could be a third maximum peek to complete the Fib extensions mentioned before. Trying...

Felipersan24

Double top confirmed on USDCAD. AB = CD Best of luck! Follow for more

Felipersan24

USDCAD has bounced off of a major resistance trendline within a bearish channel. A double top has formed in such area of resistance, and price as confirmed the breakout of the support earlier today. The best trade would of been a short entry near the retest of the trendline, but the safe trade would be anytime now since price broke the key support area of the...

Felipersan24

Price reached a very important resistance zone on Friday. It closed showing rejection forming a Head and Shoulder on a 1h chart which has actually already broken the neckline of such pattern. If this is the case and the H&S continues to confirm, we could see price fall towards a support area near the 112.790s range. On the long term, this could only mean a pull...

Felipersan24

In correction to my previous analysis in which I miss-used the pattern called "bullish pennant", I now show a trend line acting as resistance for Gold in the range between 1208 and 1214. The idea is to trade the breakout of this trend line as it has been an important zone of resistance for Gold for past weeks. See also a major trend line on the Weekly chart...

Felipersan24

Gold is formed a bullish pennant that might get broken during the coming up FED Powell Speech! Bulls looking to take control? Is this the moment to buy and hold Gold for what could be an economic recession? Best of luck!

Felipersan24

Price breaks a key support area and made a retest on Friday. It seems there is momentum to the upside; this could extend towards the pivot point illustrated in blue; however, the new resistance area is quite strong based on it being the support of a 4H range in which price had been in for the past 2 weeks. Supply areas are being meet and sellers might like this...

Felipersan24

XAUUSD; H4; READ MY WEEKLY PLAN BELOW! Price made a third retest on a resistance area, creating a triple top that got confirmed since Friday morning. Price broke a trend line and got rejected at a key support zone. If we stick to the triple top pattern, we should see a breakout of the support area with extensions toward the pivot point. Should price break...

Felipersan24

We are seeing price respecting a type of ascending triangle and near to creating a double top pattern on a key resistance & supply area. My favorite position is still bearish on the longer term for GOLD. I would like to see a double bottom near 1170.00s Keep an eye on a current resistance; if there is a bearish engulfing candle at 4H, it could be a sell signal....

Felipersan24

After last Friday's NFP results affected the USD and gave it more strength, GOLD was forced to continue bearish pressure. We see that during the last 2 weeks, gold made a retest to a supply area at around $1215.00. Here, more sellers have entered putting more pressure on the long-term downtrend. A continuation should follow and we should see price retest lower...

Felipersan24

We see a possible ABCD pattern . In the 15m chart we see a descending triangle that price is close to breaking. On the longer term, price respected a supply area at around $1214. Last weeks' NFP forced the market to continue it's bearish trend on the long term. Favorite position: SELL Objectives: between $1185.00 - $1183.00

Felipersan24

Even though Musk's interview brought a downside to some of the public, this is only an opportunity and a temporary critic to the master mind of this great company. Possible long setup as we see price reaching a key support area that intersects an uptrend channel support line. Tempting entry zone: Between $245 and $265 /share Best of luck!