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Alorente replied Apr 12, 2021I was just continuing your conversation as to where price may go. Just to let you know that I had read your post and offering my view... No big deal.
EURUSD only
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Alorente replied Apr 8, 2021The line is broken. Target 1.1780 Also confirmed by the very clear divergences showing in the TSI.
EURUSD only
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Alorente replied Apr 8, 2021Here is the H1 Magnetic Lines target if yellow line is broken: 1.1780 I am short, looking for the line to be broken shortly.
EURUSD only
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Alorente replied Mar 23, 2021I believe that EurUsd may very well bottom around 1.1691 (white arrow) and probably at or near April 7th. This is an important confluence level of the following: 1- Meeting point of the trend lines that delimit the highs and lows of the latest drop ...
Weekly COT report Analysis + Trade Ideas
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Alorente replied Mar 23, 2021I believe that EurUsd may very well bottom around 1.1691 (white arrow) and probably at or near April 7th. This is an important confluence level of the following: 1- Meeting point of the trend lines that delimit the highs and lows of the latest drop ...
EURUSD only
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Alorente replied Mar 5, 2021Using the same method I used for gold, Here is the chart for the possible swing bottom for EurUsd. It is the confluence of the following: 1- The 61.8 Fib (Third maroon line). Notice previous good support/resistance to the left. 2- The bottom wall of ...
Weekly COT report Analysis + Trade Ideas
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Alorente replied Mar 5, 2021As I described on Tuesday, I think we may have reached the Gold swing bottom at 1686. I believe there should be a retest next week, but Gold is fickle, so it is hard to say. The fall has been steep, so there should be at least one retest. A perfect ...
Weekly COT report Analysis + Trade Ideas
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Alorente replied Mar 2, 2021Here is a confluence point for a potential bottom in gold: 1- The 61.8 Fib. The 3 horizontal maroon lines are the 38.2%, 50% and 61.8% fibs of the rise since the March 2020 low. The 61.8 fib is the lower one. As you can see to the left, it is a ...
Weekly COT report Analysis + Trade Ideas
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Alorente replied Feb 20, 2021Great example, Shahab. Thanks. I have noticed that Gold practically never shows divergence on Daily or Weekly charts. It moves too quickly for that. It doesnŽt stick around a swing top or bottom to give time for a divergence to form. I call it a ...
Weekly COT report Analysis + Trade Ideas
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Alorente replied Feb 19, 2021Gold H4 chart shows a bullish wedge. If broken, this could be the final low (1760) before heading for new highs in the next couple of months. I drew in green the possible projected channel higher. WeŽll see...
Weekly COT report Analysis + Trade Ideas
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Alorente replied Feb 19, 2021The expected test of the bottom at 1.1990 fell short by 32 pips and buyers jumped in at the 61.8% retracement. I expect clear sailing to 1,2500 1n the next 3 or 4 weeks.
EURUSD only
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Alorente replied Feb 13, 2021I noticed a lot of negative talk against AtaŽs temporary Bear bias. "How can you be a Bear in such an obvious Bull run". The answer is simple: Anyone that has been around the markets as long as I have, knows that any market can be in a bear market ...
EURUSD only
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Alorente replied Feb 12, 2021Possible projection in H1 of the current drop (with the help of Photoshop). It would take 90 hours from now to complete.
EURUSD only