Simba_Trading

Simba_Trading Updated 

Last 2/3 we have been ranging. Which direction are we going to break out? My biased is up, but there is a case where we can go down. Here is my analysis. Fundamentals Today ECB dropped interest rates by 25 basis points. Very likely that they will keep reducing. How much will this impact the EURX? We will see. Technicals → We are at sitting at a trendline. We...

Simba_Trading Updated 

Are we going to pull back or just continue? Based on the charts and fundamentals we could have a small pullback but at the same time remain bullish. The Yen keeps getting hammered and will continue to go down. Only the BOJ can save the Yen but will this even be enough? We will see. Technicals → We are in an up sloping channel which we respect since beginning...

Simba_Trading Updated 

Is the buy the dip stopping? Based on the charts and fundamentals not anytime soon! The Yen keeps getting hammered and will continue to go down. Only the BOJ can save the Yen but will this even be enough? We will see. Technicals → We are in an up sloping channel which we respect since beginning of '24 → Fibonacci -0.618 is a key area. Fundamentals →...

Simba_Trading Updated 

We have been ranging on the higher time frame since April 2024 after we broke a decade long resistance and created an all time high. But what about now and coming week's? Technical → We broke a trend line. → We keep respecting the support level at around 2290. Three times now. → Monthly closed DOJI which is bearish signal but 3 & 6 Monthly closed in the...

Simba_Trading Updated 

What a rally! Are we going to have a pullback? Here is my analysis Technicals → We are overextended. → We are at a major resistance → Last Friday we couldn't close a resistance and closed bearish engulfing. → Trade → All scenarios are possible. Scenario 1 is most likely.

Simba_Trading Updated 

Gold is one of the most hyped trading instrument of 2024. With all geopolitics going on I am very bullish of GOLD. I dare to say we can 10x from here when the current financial fiat system collapse as it will at some point. Yes I said it ;-). But let's not listen to me let's look at what the technicals say right now. I believe we will have a pullback coming. ...

Simba_Trading Updated 

There is a sell opportunity on GU because of USD strength Fundamentals Look out for USD news this week. If no shocking difference than forecast I don't see why DXY won't go up. → Prelim GDP q/q ( Thursday 28 May ) → Unemployment Claims ( Thursday 28 May ) → Core PCE Price Index m/m ( Friday 29 May ) Visit www.forexfactory.com or ...

Simba_Trading Updated 

There is a sell opportunity on GU because of USD strength Fundamentals Look out for USD news this week. If no shocking difference than forecast I don't see why DXY won't go up. → Prelim GDP q/q ( Thursday 28 May ) → Unemployment Claims ( Thursday 28 May ) → Core PCE Price Index m/m ( Friday 29 May ) Visit www.forexfactory.com or www.investing.com to...

Simba_Trading Updated 

Probabilities that DXY is going is high. Technicals DXY → We came into support and are heading up. → We do have a zone here which can act as resistance, but I expect that we will breach it. → We broke out of trendline and retested it and gone up. → We respected the up sloping channel. Your trading friend, Simba Trades

Simba_Trading Updated 

OPEC shook the OIL market this week. Condolences for all the bulls who took a long trade Monday. I, too got a long bias since Monday for a short term up movement and at the same time a long term bearish outlook because of the fundamentals. Oh boy was I wrong after reading the OPEC news. That's why it's important to be conservative and always let the candles tell...

Simba_Trading Updated 

Technicals 1. We have been stuck in a range on a higher time frame for quite some time now. 2. On a higher time frame we failed to confirm a break-up from a trendline dating back to March 2022, which was the COVID-19 highs. A failed break-up of this mega trendline is normally a sign of big reversal or retracement. & we did just that ;-) question is, is this a...

Simba_Trading Updated 

There is a high possibility we are going down on the GAS Technicals 1. We closed on a doji on the weekly 2. We have been pumping strong lately, and the charts are screaming for a pullback 3. We came to a key .618 FIB retracement level 4. I see a zone here which can act as a major resistance. Trade Looking for a position for a sell this week!....

Simba_Trading

BTC has been quite quiet lately but is it accumulating for an ATH? Let's look at the technicals. Technicals → We broke above the channel and respected the retest. However, we failed volume to confirm the trend break. Are we accumulating to go up, or we are we failing? → There is also a zone which price touched multiple times. Trade → I am conservative...

Simba_Trading Updated 

Going to see how the day closes before taking any trade but here my thoughts Technicals → Price respected .618 FIB retracement → We broke out of channel and retested it → Monthly candle will close semi-high probability we're going up to create at least a top monthly wick. Fundamentals → Important next week is OPEC+ meeting 2nd June. Trade → For...

Simba_Trading

Technicals 1. We have been stuck in a range on a higher time frame for quite some time now. 2. On a higher time frame we failed to confirm a break-up from a trendline dating back to March 2022, which was the COVID-19 highs. A failed break-up of this mega trendline is normally a sign of big reversal or retracement. & we did just that ;-) question is, is this a...