We're back after a short break and today we will be looking back at the GJ chart we had been using last year. As you can see from our previous idea price rejected at our identified zone and began the decline. We will now be looking for this to resume a decline but we're not ruling out a retest of that above level to catch traders out. We'll use the illustration...
GOLD: We're back from a short break over the festive period so will pick up where we left off with Gold using the original charts from last year. Gold did well for us last year giving our students fantastic returns trading this precious metal. At the moment we can see there is an identifiable pattern on the chart where the top is around the 1820 mark. We...
USOIL: We're back from a short break over the festive period. Today we will look back at our Oil chart from last year and pick up from where we left off. As you can see from the chart we caught the short trade from the identified level into lower supply so for that reason we have left the markings on the chart. What we want to see now is if Oil can break that...
BTC: We're back from a little break over the festive period. BTC had played well for us last year so now we will be looking to capitalize on this again, however we need to trade this with some defense at the level we're rejecting at at the moment. We can see rejection below so likely it will try to target and break that short term resistance level. Break...
Update on Oil....Straight into target 3 for us! Its been a great trade to be in with a bit of a rollercoaster ride but well worth it. Thank you to those who followed. GreenGateFx
Again BTC moves nicely within the trend and as expected. Was a nice short from above on this. GreenGateFX
We've been holding back on shorting BTC as we did well taking the longs trades all the way up. We're keeping an eye on this to see if this resistance levels holds, if it does and the structure looks right it could be a good short trade back down. GreenGateFx
What a move we've experienced on this falling from the identified supply zone all the way back into the support level which was previous resistance. If this support holds its possible we see a small correction on this pair of at least 50% of the move down. Keep an eye on it, break below and it could be very bearish. GreenGateFx
A lot of bearish pressure on Silver leading it to come down and break the trend line. We would look for a similar movement that is shown on the chart where a small retracement is due at some point over the coming days. GreenGateFX
Our trades on this have worked well for us and our students, well done if you've followed. All positions have been capitalised on and protected. We can see some more bearish pressure on this as long as it holds below that resistance level. GreenGateFx
This shows a clearer picture as to the possible movement we can expect once we get some volume back in these markets. Look for breaks either side on price, we need some engulfing candles to break support or resistance levels. GreenGateFx
Gold reached our lower target where we were expecting strong support and a potential reversal on the price. However, we can see on the chart the trend is broken and the price is retesting the trendline trying to break in. For this reason we will remain neutral on this for now as breaking back inside will lead to a resumption of the bullish move but resistance...
OIL! Target hit again, we were able to trade this down, up and down again. Now we're facing support here which could mean a correction so we will make sure to take some profits and protect trades. Break of this level and this has more room to go down. GreenGateFX
Today we're going to share with you a fractal we have been monitoring for a long time on Gold. The fractal is taken from a previous movement in Gold in the past. As we know the market repeats itself which is why we use chart patterns and fractals to give us an idea of what the potential movement of the market can be and where we can potentially end. Fractals...
New resistance level above on BTC, resistance at that level and we're still on for that trend line support target level below. GreenGateFX
Silver is moving well reversing from our identified area of interest. We will be looking for this to target the lower resistance level before deciding what to do. At the moment we're clear and protected on this. GreenGateFX
The first target on Oil was reached last week. Now we can see that the lower prices are open as targets so we will continue to hold these short trades. GreenGateFX
Gold is turning nicely from our identified zone. Its been moving well for us and we will continue to follow our plan. 1839 would be a good first target for this short for us and our students before we think about targeting the higher prices. GreenGateFX