Sumo_Trade

Sumo_Trade

We are now looking for another entry short once price makes a retracing move to the upside. Projecting a big move to the downside.

Sumo_Trade Updated 

We look to go short after a stop hunt activity by the dealers. Projection would be the big boys will shake out the retail traders then tank the price aggressively. target price is @ 1.1600

Sumo_Trade

Waiting for another retest of the supply zone and a strong rejection candle inside it before entering short again.

Sumo_Trade Updated 

Europe will go into recession soon. Price now few pips from our sell zone @1.11800. From there, we enter short down to 1.0000 which is our long term target.

Sumo_Trade

We think we know what will happen next. XD

Sumo_Trade

For months price has been bouncing down our bearish channel. Now, we will look to ride again in this channel. Projection would be, we will enter short @ 0.69000 down to our long term target which is our baseline @ 0.65000

Sumo_Trade

As expected last few weeks, price respected our lower channel support and sky rocketed. now we expect for a small retracement before going for another rally. Enter short after price reaches and gets rejected on top of our channel resistance.

Sumo_Trade Updated 

Multiple price rejections on our supply zone. Projection would be to wait for price to rally and test the supply once again before entering short down to our demand zone.

Sumo_Trade Updated 

EJ has been tracking down our bearish channel for months now. Our projection is that price will go a bit lower down to our demand zone which is also our 78.6% fib retracement. Once price is inside our demand zone we look to enter LONG up to our supply zone which is also our midpoint in our channel (possible resistance).

Sumo_Trade Updated 

As expected on previous analysis just weeks back. Price went up and rejected on our Supply zone then plummeted. HAPPY DAYS. Now, projection would be to expect a short term retracement to the upside to our newly formed supply zone. A good entry would be at our newly formed supply zone and target is our Demand zone below. Medium term trade with positive swaps at...

Sumo_Trade

As expected price got rejected and plummeted and reach both our demand zones. Now, projection would be to expect another retracement rally up to our new supply zone which is at our outer extremity of our channel. We look to enter short at supply zone down to our next target demand zone.

Sumo_Trade

As projected on previous analysis few weeks back, Price was rejected at our supply zone then plummeted. Now price rallied for retracement of our previous sell off at our 78.6% fib retracement. Projection would be price will continue to drop down to our Lower extremity of our channel then go for another rally that will break our Supply zone. A safe bet would be...

Sumo_Trade

As projected, price rallied once more into our supply zone triggering our pending short orders before plummeting down and broke our 1st demand zone. MADE GOOD PIPS. Now projection would be a retracement rally up to our new supply zone which is between our 78.6% & 61.8% fib retracement that also happens to be outside extremes of our main channel. Enter at newly...

Sumo_Trade Updated 

Channel continues to track down our channel to the downside on normal market conditions with few extensions outside - faking breakouts.

Sumo_Trade

Price broke our supply zone after boris-varakdar meeting. Now it is on our upper resistance line of our channel. Projection would be, price will go down a bit then continue to rally until it is outside our extremes of the channel. A safe bet with good risk-reward ratio would be to enter at our supply zone. Always trade with a good risk-reward ratio and a stop...

Sumo_Trade

Price skyrocketed last week making it outside our channel's extremes. Projection would be price will retrace a bit then continue to rally up to our supply zone before going for another tank. Legend: Yellow lines : Main Channel Green Lines: Channel extremes border

Sumo_Trade

GBPAUD price tends to flow within our channel. projection would be to continue to rally up. Enter only at the extremes of our channels

Sumo_Trade

SHORT GOLD