Fernandobeast

Fernandobeast

Chopping chart from Gold, price keep rejecting from Daily around 1700 during these trading days and since its make higher lows with overall bullish trend, it is more like going long with confirmed trendline on H4. Last night before the Fed speech london session we see 3-4 hrs bullish momentum and when that guy start talking the price just whipsaw the gains, but H4...

Fernandobeast

Hey! Glad that I am back on forex lol, I was busy to trade Oil future tho cuz it just so damn straight forward downtrend. Anyway, I found out post UK election price consolidating for a long time and finally make a crazy move to the downside towards to Bat extreme 2.618 and wicked that level for a few days, retraced back to TP 1. As being said, the TP 1 is...

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Hi there, It has been a long time did not post anything lol. Recently Oil and Gold has been in large daily swing play as the market mood swtiching risk- on and off enviroment because of trade war tension plus potential global recession. Due to the fact all central banks around the world start cutting rates, investors starting get panic which jumped into safe...

Fernandobeast

Tecnically, is pretty simple if the price still struggle below crab 2.24 we have a winning percentage to short it Price chill out at the bottom for nearly 3 months on Gartley 78.6 area and after completed a daily bearish Gartley both TP continually dropped to Quarter point plus shark 1.13 with a insane bullish run. This leaves me a doubt that who has this kind...

Fernandobeast Updated 

Waiting for long this pair is like forever, after several days of consolidation Spiked upside and then reversed sharply. I guess they knew that a lot of ppl will long on the Deep crab 1.618 plus quarter point. Hopefully it will drop to PRZ and then looking for reversal , 1st TP will be Fib retracement 23.6% keep in mind, CHF is still pretty strong at the moment

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It is just a rough future prediction since price has not stalled out at C point yet, which could be anywhere 1.618 - 2.24 range . As this moment the newest upper trendline plus channel is very important, a flag pattern usually sign as trend continuation pattern. Since daily crab pattern 1.618 held the lower side, the precentage is still on the upper side

Fernandobeast Updated 

First of all. It is a little bit rare for Oil form a harmonic Through out backtesting, However, there is still a probability though and the bearish 1000 pip down caused by bearish Gartley pattern. As we can see the price is channeling downwards and stalled out at 51, 100pips from 50. Coincidentally Right on Bat 2.618 that could not close below with following...

Fernandobeast Updated 

After weekly Gartley created a 1 week strong bearish candle broke a long term up trendline, followed through a bullish shark on daily couldn't rally tough! made a lower high. Price rejected from EMA 200 Daily at the bottom, but also rejected from 75 pips Quarter point hesitation zone on the way up. Oil price seems pretty decent and CAD CPI shows positive, If...

Fernandobeast Updated 

Gold currently has completed Daily butterfly + H4 crab we can clearly short it for this week, looking for reversals on 38.2 or 61.8 TP/resistance area, long term projection will be at deep crab 1.618 area

Fernandobeast Updated 

As daily candle closed above butterfly+ Crab PRZ zone, seems like it is testing a daily shark or another crab PRZ. NY session NFP could spike high and shift downside

Fernandobeast

Current price shoot too high no reason to chase , lets see if market will take us in. Aiming USD current weakness and next month potential rate cut

Fernandobeast

Technical side is pretty decent where price rejected from EMA 55 and 200 plus tested several times on Bat 61.8 TP could not close above. Daily formed a head and shoulder with a decisive bearish candle closed below neckline also 1.5 + 75 pips hesitation zone, huge clue! if we go up to weekly chart, a long period of consolidation, if this week closed big bearish...

Fernandobeast

Buy the rumors, sell the news right! Recently all the articles are talking about FED next rate cut and a strong euphoria came in the market, Gold 2 weeks consecutive arise from H4 Cypher pattern, instant reversed on NY session last Friday from a Bearish daily shark(TP haven't hit yet). A little comparison of other pair, USDCAD Dropped 250pips one single week...

Fernandobeast Updated 

8 consecutive weeks of selling Both NZDJPY and AUDJPY, take a look at Deep crab Fib 2 comes in , right below previous spike and loads of support from history. Plus there is a strong Quarter theory support sitting there which if the daily candle cannot close below it, most likely will start retracing. NEWS coming out from NZD(GDP) and JPY(interest rate) next week ...

Fernandobeast

Just a common sense, retails are buying, bank are selling and vice versa. After a H4 bullish shark plus price struggled at Monthly Gartley+Weekly butterfly D point for weeks, a crazy bullish momentum cracking up without a significant pullback. Overbought condition any daily candle closed above Cypher 78.6 or 88.6 should be considered as trend continuation.

Fernandobeast Updated 

The pair crashed around 500 pips after a butterfly pattern, did not anticipate this at all. But all the pullback was shallow and after a long time of consolidation price still dropped to our PRZ. It is too fishy that the pair just free fall to downside without any significant retracement. H4 we can find 2 patterns, bullish Deep crab and Crab

Fernandobeast Updated 

still no strong bullish momentum yet , focus on the initial test on 1.618

Fernandobeast Updated 

News are all over the world about Gold performance recently, it might go up however, everybody is buying gold shows no sign of slowing down. Question is where is the liquitity for it? why there are few spikes at downside? short it to death