cccpKGB1

cccpKGB1

Weekly chart Platinum / Palladium ratio. Clear sign of a breakout / retest from the falling wedge after testing all time lows from 2001. Supports continuation of platinum bullish breakout. Will post long term chart in the comments to show potential upside. Price of platinum broke above two key resistance points today. Extremely undervalued from a historical...

cccpKGB1

Looking at the long term Gold / Crude Oil ratio we see that price has been capped to the upside by the region marked by the box. I'm sure these ratios are not coincidence, but rather watched by institutional investors. You can see a touch of the trend-line triggered a seven consecutive week sell off in crude last October which resulted in a 33% decline in price....

cccpKGB1

Last week I took a short trade on USDCAD after re-testing the bottom of a large wedge on the daily time-frame. Since then price has broken down from a smaller channel and offering a similar setup. Currently testing the underside of the channel. $1.33 appears to be a solid resistance level. Expecting further price breakdown from current levels.

cccpKGB1

Crude is testing the underside of the larger wedge it broke down from last week. Short at $55. Price has been coiling on the daily time-frame so expecting a breakout in the near future. Expecting this to be to the downside. Fragile global economy fundamentally supports a move lower.

cccpKGB1

XAGUSD - You can see four 1 hour rejection candles from the resistance area. Contrarily it has been making higher lows which could indicate a pre-breakout squeeze to the upside. Watch price action near the rising trend-line for signs of breakdown. Also, one should consider that gold closed the gap yesterday, while silver did not. Staying neutral at this...

cccpKGB1

That's a long way down.... :) Sitting on the edge of the cliff. Comparing price action in gold and silver today. Silver looks ready to take the lead. Metals setting up for a big rally. Looking back gold rose over $400 in two months 2011. Banks are used to dumping paper gold shorts hitting sell stops, driving the price down. Lately it looks like those sell...

cccpKGB1

USDJPY breakout below support 4 hour chart. Price back down to channel support.

cccpKGB1

JPY Futures have recently run in to strong resistance. Last few days of price action indicate a pre-breakout squeeze to the downside. Watching for trend change in JPY pairs...

cccpKGB1 Updated 

Oil has been clinging on to wedge support the last few days and has finally broken down. Entry on pullback to the bottom side of the wedge.

cccpKGB1 Updated 

USDMXN - Testing the upper side of a long term holding wedge on the daily chart. 1 or 4 hour chart could offer more confirmation in terms of a rejection candle...

cccpKGB1

GBP chart shows a massive head and shoulders within a parallel channel spanning 40 years. Brexit vote broke the neckline in 2016. Time cycles line up almost perfectly with the lows. Decent bounce after testing channel support. Interesting chart.... I thought I would share it.

cccpKGB1 Updated 

You can see the battle over the blue dashed trend-line. This is an important trend-line from the weekly chart. A daily close above this line would suggest a bullish breakout. $17.50 (previous high would be the next resistance) Will post a weekly chart in the comments to show the trend-line I'm referring to. DXY hitting resistance so I expect a move higher. ...

cccpKGB1

Long NZDUSD from here. 20 pip stop below the wick. Target shown. Approx 4:1 RR.

cccpKGB1

EURUSD - Long term monthly chart spanning 45 years with parallel channel. Time cycles are shown which coincide perfectly with the lows. Not a trade idea. Just thought it was an interesting chart. Looks like USD bulls have been trying to step it down below support (Pre-Breakout Squeeze?).

cccpKGB1 Updated 

GBPUSD - Price recovered from a false break below wedge support this week. Price was also supported by swing lows from 2016 and a rising trend-line originating all the way back from 1986 (Blue dashed line). After breaking below, price tested the under side of both the wedge and the trend-line before recovering and closing the week above support. The false break...

cccpKGB1 Updated 

USDCAD - Price broke below long term ascending channel on the daily chart. Since then price has retested channel support turned resistance twice and was rejected. Price looks like it just starting to break down. Will post a 1 hour chart in the comments showing price retesting the larger channel within a smaller channel.

cccpKGB1

DXY looks like it's currently running into resistance. Watching closely for signs of a reversal on EURUSD.....

cccpKGB1

Support broken on 4 hour chart. Short with stop above the highs.