B-Trade Club: Forex / Commondities / Indicies / Stocks / - Ideas & Speculation

TReano

sr. member

Activity: 448

Merit: 256

One last Chart for this week

Gold(XAUUSD)
Might be at the edge of the multi-year bear trend.

Formation looks really bullish on the weekly + Daily chart .

Watch the "Important area" mark, if it breaks with strength we should get a nice run.
Also watching the RSI on the Daily chart for more conformation of a fueled bull run / scalp short trigger.

It also confluences with the global recession fears and the slowdown in China. It would also fit the bigger picture of a USDOLLAR which had a very dramatic and rapid break down the last couple days.

This is kinda a longer term outlook to work with and to keep in mind. But if the stock markets completely break apart in a dramatic dump Gold should be the next safe-heaven for a longer bull-run.

TReano

sr. member

Activity: 448

Merit: 256

CRUDE OIL - USOIL - LEVELS TO WATCH AT ~~

USOIL is caped in a triangle for now. Overall it's trading sideways.

ways to trade Crude Oil:
1.) Trade the triangle formation with tight s/l above the highs / lows
2.) Wait for a breakout of the triangle with a s/l below the breakout in case it's a fake out.

Overall we could go a bit higher but as long as the OPEC is not cutting their oil production don't expect a bullish trend to really develop for oil

TV Link:
https://www.tradingview.com/chart/USOIL/dJPqrzav-Crude-Oil-USOIL-Levels-to-watch-at/

Edit: Triangle trading working out greatly so far

TReano

sr. member

Activity: 448

Merit: 256

GBPUSD had a bullish breakout of the range after the big decline the last couple weeks.

Looking to buy pullback.

-First possible aggressive (risky) entry at 1.455
-Second possible entry at the bottom of the pitchfork channel in the range of the Fib between 1.448 and 1.452

As long as we kinda stay in the pitchfork formation we are good for longs.

Targets to watch if we break to the upside again 1.479 and 1.49

If the USDOLLAR fails at this point the cable could get some fresh bullish air.

Also very important: event Risk for the upcoming day. BoE rate decision + some data on GB2.38% . So don't jump into a trade blindly! If the BoE is really dovish / bad inflation data we could give back everything pretty fast.

TV Idea Link:
https://www.tradingview.com/chart/GBPUSD/XyE6yb6B-GBPUSD-Possible-long-entries-after-the-Breakout/

TReano

sr. member

Activity: 448

Merit: 256

This thread is about everything related to: / Forex / Commondities / Indicies / Stocks
Your thoughts & charts are appreciated and welcome! especially if you are new!
Just post your chart/ideas or interesting news you found!

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Topic: B-Trade Club: Forex / Commondities / Indicies / Stocks / - Ideas & Speculation (Read 582 times)