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Discussion in 'Trade Journals - Show us your Candlesticks!' started by Kooyar, Feb 20, 2016.
Here is how I see the US crude oil chart;
And, here is the result;
I think the crude oil price is unlocked to reach the 60ish $ level, unless the December monthly candle proves this is not correct. On the other hand, I believe Gold is in serious trouble.
This is also very interesting. and at the same time, it confuses me in terms of how people are making decision.
So, here is the weekly chart of the Gold. The big picture is clearly a downtrend at the moment.
Now, let's see the US crude oil chart, which is very bullish at the moment.
But now, let's look at who are the biggest % gainers today in Canadian stock market;
Clearly, gold miners, which doesn't make sense at all to me!!!!
I've opened a small position to short the gold. Very interested to see how things will play out in the coming weeks...
I think USD/JPY is at a point that there is a good chance to start falling.
I closed both positions.
I opened a small size position to long the US crude oil. I usually do not trade the oil directly but, this time, I'm gonna give it a chance.
GBP/JPY looks bearish to me.
I'm out of the trade. the last two 1 hour candles disappointed me. They were very weak for start of a bearish trend. I'll wait for a better price to get in.