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Week10

US Oil: Week10 FridayHi Guys, week10's Rally reached 59 this Friday morning but failed to breakout for higher hights. Despite the Bull Run is still above 50RSI and supported by 50SMA, Oil is pulling back a little bit just before lunchtime maybe to re-test 58 to breathe and end the week. JUST TO NOTE: 1 future contract of CL (approx $3.500) bought last Friday and sold today would have generated profits equals to it's value. To read about fundamentals driving week10 Rally please refer to the link in the Related Ideas below. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:USOIL
by cozzamara
DXY in 2019 WoWHi Guys, this is just a snapshot of DXY performance in 2019 week by week in H4. Interesting will be to study the last 10 candlesticks in the W chart. RSI making lower tops compared to price. 2018 tops were attacked again at the beginning of 2019. Start 2019 bullish. Maybe time to pull back. My view is not formed yet but AToW I am watching price behavior on the 50SMA at least throught all week11. Let's see. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:DXY
by cozzamara
US Oil: Week10 updateHi Guys, the arm wrestling between Trump vs OPEC shifted in favour of Saudi Energy Minister Khalid al-Falih in mid-Week10. The barrier that Trump tried to build with his tweet has been broken and sentiment is now heavily overbought. The rally was triggered by remarks by U.S. special envoy Elliott Abrams that Washington planned “very significant” further sanctions on Venezuelan oil and boosted by the Crude Oil Inventories report. Also last week output was adjusted lower and U.S. crude production expected to grow more slowly in 2019 than previously forecast. Add all togheter = Oil prices go higher. Next the publication of monthly oil market reports from both OPEC and the International Energy Agency on Thursday and Friday. TIP: I read somewhere that the Canadian Dollar follows quite well Oil's move. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:USOIL
by cozzamara
GOLD: Week10 update2Hi Guys, if you drag backwards the above chart you will find LS in week4. LS (left shoulder) week4 H (head) week7 RS (right shoulder) week10 IMPORTANT: RS was the idea, opportunities were along the way. At 1310 Gold will start facing resistance. Be carefull. For a complete picture please refer to my post dated March 10 in the related ideas linked below (GOLD: week10 H4) Next step: wait and see if the H&S will complete and how. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
DXY: week10Hi Guys, The U.S. dollar index is a measure of the value of the U.S. dollar vs a basket of currencies which include the euro, Japanese yen, Canadian dollar, British pound, Swedish krona and Swiss franc. The euro holds the most weight versus the dollar in the index, constituting about 58 percent of the weighting followed by the yen with about 14 percent. And this is why DXY and EUR/USD do unfold very similar negatively correlated movements. In view of this, according to my previous post EUR/USD: week9 (related links below), DXY maybe forming a bear trap on the 50SMA and be pushed up by the 100SMA. On the other hand it could break support at 97 and extend the correction of the move from 0 to 5. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:DXY
by cozzamara
USD/JPY: Week10Hi Guys, the above to show the performance of USD/JPY since the beginning of the year divided in weeks. H1 chart (compressed at max) shows an uptrend supported by two SMAs. The slowest should provide a balance of the trend and should correspond to 50 line in the RSI. The longest should provide support. At the moment price is supported by the 450SMA with 150SMA coming down. If 150SMA resists and pushes, 450SMA is crossed and 110.762 is breached the pair may fall towards 110. On the other hand, if price manage to cross the 150SMA above 111.500 it may attack the 112 and with momentum building it may even think about 113. Be carefull if it forms a bull trap when crossing the 150SMA for the upside though. Anyway, it's only Tuesday and there is no need to rush any decisions. To watch also for moves on DXY and Gold which may impact USD/JPY. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by cozzamara
GOLD: week10 update1Hi Guys, on Monday morning Gold retrieved from Friday's hights along with sentiment as shown in RSI to find support on the 100SMA at approx 1290 in the afternoon. Retail Sales were up today but faild to uplift DXY above 97.40 turning short term sentiment for US dollar into bearish (positive for Gold). AToW Gold is still supported by the 100SMA even if sentiment is below 50RSI. Today's move retraced approx 0.618 of last Friday's move (A to B). The bounce on the 100SMA may be the start of the 3rd wave going into forming the second shoulder of the potential H&S into or just above the 250SMA coming down. (For the potential H&S pattern please refer to my posts in the related ideas linked below). However, if 100SMA is breached next step would be 1285 and H&S just a mirage. Be carefull. At midnight Fed Chair Powell speaks. Tomorrow CPI datas but mainly UK Parliament vote on Brexit deal. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
EUR/USD: week10Hi Guys, following the move down on Thursday Week9 I would expect bearishness to continue ranging throughout week10 below the SMAs at least until mid-week. On Monday morning, same as GOLD, before 9 o'clock, the pair may reach for the SMAs just above 1.12526 to be pushed back below at opening towards 1.12 again. Maybe a potential bull trap forming on those descending SMAs. But I would reccomend coutiousness as we are at the beginning of the week and clearer patterns may unfold towards mid-end of the week. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by cozzamara
GOLD: week10Hi Guys, GOLD could range below 1300 all week10. On Monday morning before 9 o'clock price could break above 1300 level but if pushed back below by 250SMA at opening price will form a bull trap that would look for support on the 100SMA. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
USD/JPY: week10Hi Guys, 111 is key support here. Since the beginning of the year following the big dive to 105, USD/JPY climbed reguralarly from 108 to 112. Week8 brokeout without hesitating for the upside to hit 112 and week9 ended with a retest of 111. Monday morning could still hit week8 low and if it does I will probably go for a bounce. But after that I expect a week a ranging which I look forward to identify as soon as it unfolds during week10. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by cozzamara
EUR/JPY: week10Hi Guys, following week9 fall I would expect some period of horizontal consolidation throughout week10 above 124.420. However, on Monday, if price falls below 124.420 before 9 o'clock, I will look for a rebound from 9 into lunch time. I am expecting a bear trap on this level but for the time being it is just in my head and I have to wait before I can take any position. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Love, Respect, Be Carefull, Enjoy:) Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by cozzamara
EURUSD, Week 10 big profit, expect this in Week 11EURUSD, together with GBPUSD and USDCHF is a big winner for week 10. They moved as expected in our Week 10 analysis and holding them through the week would have no surprises for the traders trading these pairs. Congrats to traders making the wonderful trades. In Week 10, we see EURUSD making big movement and ending the week with a sharp V shape reversal. I am in the view that it has completed a 3 level bearish movement and it is now time for bullish movement. Week 10 analysis would have pointed us towards a bullish movement in week 11 and I personally has no reservation about an upward move for EURUSD. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Long
by xunnobi
USDJPY, no trade in week 10, Short for Week 11USDJPY did not move as expected in week 10, rather, it consolidated and seems to complete a big reversal formation. In Week 10, it did not rise, but rather formed a seemingly inverted U shape, which indicates a reversal. It seems like the bull power is dying off and the trend would be moved by the Bear. In Week 10, USDJPY still remains an unsure pair even though it seems like it can be long, but I still advised against longing the pair back in week 9. Now with the big move downwards, I would say that USDJPY can be traded again, and this time, short it all the way down! I would be confident for the short of USDJPY in week 11. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Short
by xunnobi
USDCHF, ez Week 10, expectations for Week 11USDCHF moved exactly to what we expected, pretty much like what happened to our analysis of GBPUSD. I hope you managed to make good profit out of it. in week 10, USDCHF completed its 3 level bullish trend. On Friday, it made a fast reversal, no double top seen on the H1 chart. The reversal can be seen as a inverted V, and it broke a new level, so we do not need to wait for a second double top. I put it as M as an indication of reversal. Since it has completed its 3 level of bullish movement, we would be expecting a drop in week 11. Since it has also broke into level 1 of the bearish trend, it further reinforced the bearish trend that we would be seeing in week 11. USDCHF would be a short for Week 11, and I am excited to see how far it would go. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Short
by xunnobi
GBPUSD, ez Week 10, ready for Week 11GBPUSD moved as expected for week 10, and if we were to enter a short starting Monday, you would enjoy a straight profit through the week, how awesome is that. In week 10, we the GBPUSD completed a 3 level bearish move, it was a great move and I am sure it trapped many short traders. Looking at the current analysis, the GBPUSD seems to be forming the second leg of the double bottom, which is seen as a reversal pattern. If a double bottom is being formed, we can enter a long and wait for another 3 level of movement to be completed before we can switch to sell again. For week 11, I am expecting to long the market, given the completion of 3 levels of bearish movement. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Long
by xunnobi
GBPUSD, week 9 sharp rise, what to expect for week 10?GBPUSD made a sharp rise in week 9, and it was the opposite of what the analysis showed in week 8. In week 8, it was expected that the pair would move downwards, rather than a rise because of the reversal pattern spotted. A red flag would have been spotted given that a long consolidation occurred and the price did not shift down as expected. For week 10, I would expect some consolidation and I would not trade it until a clear candlestick combination show itself. However, I would still be looking for a short entry rather than a long entry. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY, and USDCHF!
Short
by xunnobi
USDJPY, week 9 move gives week 10 a clear directionUSDJPY has continued its upward move in week 9 and it showed no mercy in its move. USDJPY made fast price movement and reversing back upwards after a seemingly bearish reversal move. I continue to avoid trading USDJPY for week 9 for a simple reason. I was unclear of the direction. However, the move in week 9 seems to have pointed out that the pair would continue its bullish move in week 10. A reversal pattern was spotted, albeit in the absence of a three-level downtrend move. The reversal move can be seen as an H&S or double bottom, just like USDCHF. The bull power seems to be strong in the pair as the price moved up with no reservation and no signal of any retracement. Most retail traders would expect a pullback, but I doubt that would happen. So for week 10, I would be looking to enter long, probably in Tuesday or end Monday. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY, and USDCHF!
Long
by xunnobi
USDCHF, Level 4 drop for week 9, can it rise for week 10?USDCHF continued to consolidate for Monday in week 9 and in the end, broke the low of the whole consolidation zone. It reached a new low and formed a level 4 bear trend in the chart. I was long for this pair, so I am trapped in week 9. Getting trapped in the wrong analysis is no joke. It took a good 15% off my overall equity, combined with all the losses of other pairs. Fortunately, the profits from past weeks trading acted as a cushion against the bad trade management of mine. From the analysis, we can see that it formed a classic formation of H&S or some may call it a V reversal. So with that, I am expecting an upward reversal in week 10. I cannot say how long, or how high it will go, but I will be going in long for this pair as well. Since the pair ended the week in a reversal zone, when the market reopens, we can enter the market prudently. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY, and USDCHF!
Long
by xunnobi
EURUSD, Week 9 is a reset, Week 10 to drop.EURUSD moved the opposite direction of what was expected in our week 8 analysis. I did not expect it and I was trapped badly. However, in week 9, it seems to have completed a three-level bullish trend and completed the week with a double top on the H1 chart. Getting trapped in the wrong analysis is no joke. It took a good 15% off my overall equity, combined with all the losses of other pairs. Fortunately, the profits from past weeks trading acted as a cushion against the bad trade management of mine. This week's analysis seems to point towards a drop for next week because of the full three-level bullish move made in week 9. It ended the week with a double top, and looking at the day chart, it seems to point towards a drop in week 9 as well. I will be monitoring on Monday to decide what would be the direction, but currently, it is short for me. I am expecting a drop of a minimum of 2 levels for week 10 and hopefully, it reaches that level that I am looking for. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY and USDCHF!
Short
by xunnobi