GOLD: LONG – Trendline break + retest. 1222 Pysc support holding

GOLD: LONG – Trendline break + retest. 1222 Pysc support holding



– Price was respecting a short-term descending trend-line
– During consolidation phase price broke out sideways from trend-line
– Price then retested the trend-line on Friday
– Possible precursor to bullish move

– 1222 Psychological level has acted as strong support as of recent
– The retest of the descending trend-line coincided with the 1222 support
– Price attempted to break lower through this level, however snapped back to close
the day on Friday resting upon it

– On the 1hr timeframe a clear H + S bullish reversal pattern can be seen during the retest of the trend-line
– The shoulders lay perfectly on the 1222 Pysc support
– The head of the pattern tried to break below this level however failed and snapped back


– Iran/US tensions yet another geopolitical tension to add to the list that may prove bearish for USD
– If China/US trade tariffs calm down then this may provide a relief rally for gold             as this has been subduing it for some time now

Appreciate any thoughts/comments,

Thanks for reading,


A trading opportunity to buy in SCETH

A trading opportunity to buy in SCETH

Siacoin / Ethereum BITTREX:SCETH

Technical analysis:
. SiaCoin/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000220to 0.0000207). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0000220)
Ending of entry zone (0.0000207)

Entry signal:
Signal to enter the market occurs when the price comes to “Buy zone” then forms one of the reversal patterns, whether “Bullish Engulfing”, “Hammer” or “Valley” in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about “Entry signal” and the special version of our “Price Action” strategy FOLLOW our lessons:

Take Profits:
TP1= @ 0.0000245
TP2= @ 0.0000271
TP3= @ 0.0000298
TP4= @ 0.0000327
TP5= @ 0.0000350
TP6= @ 0.0000391
TP7= @ 0.0000433
TP8= @ 0.0000492
TP9= @ 0.0000567
TP10= Free

Weekly update, 28.07.2018. SPX, ES1

Weekly update, 28.07.2018. SPX, ES1


Weekly update on the major US equity markets using the S&P500             E-mini futures index.

Stay tuned! There should be more to come


The information of this post is ”general advice only” and does not take individual circumstances into account so do not trade or speculate based solely on the information provided. By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.

Pendant – tight range – Above 20ma & higher highs – LONG –

Pendant – tight range – Above 20ma & higher highs – LONG –

Ethereum / Dollar BITFINEX:ETHUSD

I like the chart setup at moment with a pendant/triangle pattern, tight range with an emminent break as 50ma is closeby but we are holding the 20ma very well.
We are also above the 50% retrace, some altcoins are moving today and will expect some movement here this weekend.

Entry: $469
Stop loss: $464
Exit: $480-$500