MatrixHunter

MatrixHunter

Analsis: It's been a while since I have traded oil mainly because of the uncertainty caused by the war in the middle. One of two scenarios could happen: Oil could bounce of the weak support and head to the strong resistance OR The more likely scenario it could go and test the strong resistance at 86.415. If it manages to...

MatrixHunter

I am bullish short term on this pair. It's the least favorite pair to trade but I do consider it safe. I expect liquidity to be taken out first which is in the form of a double bottom created yesterday. Let me know what you all think

MatrixHunter

Since last week oil has been on a correction and we have come to the end of that correction. There is no incentive for oil to go down. The big dogs still want money Eg. "Saudi Arabia". More room for oil to go up. Tell what you think?

MatrixHunter

The oil market has been rising sharply and quickly since the oil cuts but a correction is needed. A lot of people have been shorting early be careful and look at it for the higher timeframes. That is why above 92.800 I'll be looking for a short. Tell me where do you think oil is headed in the comments

MatrixHunter

Since the spike from Tuesday made by the Saudi announcement, oil has been sideways. Next week should provide clarity. No trading opportunity from here unless you are a scalper. Be Safe. Have a great weekend

MatrixHunter

Today the Saudis announced production cuts for the next 3 months which is we saw a sharp rise in oil. In rising it left a huge void which is an inefficiency which need to be balanced. An opportunity to short is to fill the gap is to be expected. Practice risk management. Be Safe.

MatrixHunter

The overall structure of gold is bullish but that might come to end as the bulls look weak. At this stage I am just observing the markets until we either bounce to the upside or break to the down side. Either way we need volume. Be Safe.

MatrixHunter Updated 

You can either go long at the demand zone if price hold with confirmation from lower timeframes OR If demand zone breaks, go short at retest. Practice risk management✌️

MatrixHunter

Oil is in a technical correction since last week. If you look yesterday it rejected fibonacci level 61.8%. For additional confirmation wait for breakout of the channel to the upside. Practice risk management This could be a good one👌. Take care✌️

MatrixHunter Updated 

Gold is bearish according to the higher timeframe perspective but I see an opportunity to go long from here. Practice risk management as the gold market is a bit risky. Holding positions for too long in this type of market is dangerous

MatrixHunter

Last week Friday gold went into that imbalance and respected it. Currently gold is trading within a triangle. The price could go either way. If it breaks to the upside look for short around 1957-59 because that imbalance was only filled to 50%. OR If it breaks to the downside...

MatrixHunter

The price is is looking to balance the imbalance. Look for possible reversal in that gap. Remember the trend is your friend

MatrixHunter

Gold's trend is currently bullish. I'll be taking a long position as soon as I get confirmation breakout

MatrixHunter

I have engaged in Long setup based the strength of the Dollar Index. It still has room to rise. Practice risk management. This is not financial advise. What do you think? Let me know in the comments.

MatrixHunter Updated 

I'm going long on gold based on the short term weakness of the $DXY