There is not much more we can say or add to our original plan and charts on this. The IHS neckline is broken and we've closed the daily above our level. Its proving to be a very good long trade if you've followed. Please do give us a like, comment and follow. 21FX
Our Gold levels and trading plans have worked perfectly thus far. We have seen the price reject from the lower level and now we are experiencing some retracement from the aggressive selling we saw on Sunday open. The 0.50% level Fib sits around 1755 where we would look for a reaction on the price (IF WE GET THERE). Above that we would be looking for 1770. ...
We can see the price trying to breach that resistance level one more time, breaking here will mean more bullish movement from BTC. However, we are more inclined to try to short it at the retest of that resistance level for lower pricing. We shall wait and see how the this moves. Please do give us a like, comment and follow. 21FX
Oil came down to the support level and rejected, its also still within the short term trend which is being held technically. The ideal entry for the long would have been below but now we shall look to see how Oil reacts at the resistance level above. Please do give us a like, comment and follow. 21FX
First break and close on the daily above the resistance level. This is what we were suggesting in our previous analysis, would the neckline break and hold!! It looks like its just broken to the upside. Lets keep an eye on this. Please do give us a like, comment and follow. 21FX
BTC has arrived at the zone we had highlighted as key liquidity. We need to see if this level breaks or if this is a FBO out of the trend and will we see some selling come in. Buyers holding above will have some hope of recovery, but remember, this is what the market likes to do!! Please do give us a like, comment and follow. 21FX
At 21Fx we will be looking for Gold to find an intermediate bottom at around the 1755 level in the first instance. If this level holds this could represent a good opportunity for the price to regain some of the losses suffered on Friday. Please do give us a like, comment and follow. 21FX
BTC bounced from support and targets the higher level trend resistance level. Now are we looking at a possible double top on the daily, similar to GOLD?? Break above is good news for bulls, resistance here and we could be seeing selling pressure on this. Please do give us a like, comment and follow. 21FX
Just as we thought Gold made the move! Now we're approaching a level of support below which is located at 1755 and below that 1745 which is the back test of the first double bottom. We would expect there to be a retracement at some point, whether thats later in session or Monday, we'll have to wait and see. Please do give us a like, comment and follow. 21FX
Just as we initially analysed the chart the price came down to the lower channel support after failing the IHS and breaking the neckline. We want to see if this breaks channel support now or if this is a good opportunity to buy. The smaller time frames will give a clearer picture. Been a nice move on Oil for our students and followers. Please do give us a...
Gold is moving in its structure, although its making some buyers and sellers struggle with the erratic movement and ranging pricing. We shall continue with our view on Gold where we were looking for the resistance level to hold and come down to target the range support. We will now look at 1806-10 for clues as this is where we feel it will decide the short term...
GJ. We saw the structure and trend being respected and showed the potential move coming down towards support first. We can now see an aggressive bounce from support targeting the higher level resistance. We now want to see if it breaks or if it faces resistance again. We will stick with the plan for our students on this one for now. Please do give us a...
As we thought Silver looked Bullish last week. Now its however targeting the resistance level, there is a reversal pattern in play so if this breaks up above the level on the chart its likely we'll see more gains on the precious metal. Please do give us a like, follow and comment. 21FX
Oil. It looks like its failed to form a IHS and has broken the neckline. The trend however is still in tact, are we going lower on oil? Lets see if support which has broken now turns to resistance. Please do give us a like, follow and comment. 21FX
Gold is struggling to break the resistance level on the Daily TF. We shall stick with our original chart unless we break the higher level of 1822-25 and hold above it. Please do give us a like, follow and comment. 21FX
BTC update. We've been following BTC through this trend and using the key levels effectively. We can see a support now holding on the Daily TF so is this a chance for BTC to give traders some time breath? Resistance above and its possibly going to form a H&S on the Daily which could lead this to suffer losses again targeting the lower level support. Please...
Something to look out for during tomorrows sessions. Please do give us a like, follow and comment. 21FX
Oil is moving just as we thought. We'll continue to trade and monitor this how we have been. Please do give us a like, comment and follow. 21FX