Earlier this week, my colleague Chris Cimorelli wrote about a triple-digit gain on one of his option trades.
WCU: Energy crisis fuels commodity rally despite growth concerns
The month-long run-up in commodity prices shows no sign of easing with the main engine continuing to be the global energy crisis and its direct impact on other sectors, not least the energy-intensive industrial metal sector. Shortages of fuel leading to record-high prices has forced reductions in metal production from...
AUDJPY potential for dip | 22nd Oct
Price has recently broke the ascending trendline and can potentially dip further down to the take profit level of 84.038 which is also 38.2% Fibonacci retracement and 100% Fibonacci projection . The take profit level is also a graphical overlap support. Our buy entry is placed at 86.243 where we...
USDJPY potential for further upside | 22nd Oct
Price is currently trading in an ascending trendline and is near the buy entry price of 113.659 which is also 23.6% Fibonacci retracement and 78.6% Fibonacci projection . Price is expected to continue its uptrend to the take profit level of 114.691 which is also 61.8% Fibonacci projection . Our...
USDCHF potential for bounce! | 22th Oct 2021
Price is consolidating in a triangle. We spot a potential entry 0.91637 which is a graphical overlap for our buy entry. Our Take Profit will be placed at 0.92052 in line with 50% Fibonacci retracement . Stochastics are at a level where bounces previously occured. Alternatively, our stop loss is...
CADCHF potential for dip | 22nd Oct
Price has recently break out from the ascending trend line and can potentially retest the sell entry price of 0.74550 which is 50% Fibonacci retracement . Price can then potentially dip to the take profit level of 0.73810 which is also 38.2% Fibonacci retracement level and 78.6% Fibonacci projection level....
EURJPY potential bullish continuation |22nd Oct 2021
We can expect price to bounce at the pivot level in line with 23.6% Fibonacci retracement and graphical overlap support towards the take profit level in line with daily resistance and 100% Fibonacci projection . Our bullish bias is further supported by the price holding above the Ichimoku cloud and...
EURUSD potential for further upside | 22nd Oct
Price is trading in an ascending channel and is currently near buy entry price of 1.16221 which is also 38.2% Fibonacci retracement . Price can potentially continue its bullish uptrend to take profit level of 1.17102 which is 50% Fibonacci retracement and 78.6% Fibonacci projection . Our bullish bias is...
AUDCHF bullish momentum | 22nd Oct 2021
Price is abiding to an ascending trendline, signifying a bullish momentum. We can expect price to bounce up from the pivot in line with the grahpical overlap and ascending trendline support , towards the take profit in line with 78.6% Fibonacci retracement and previous swing high. Our bullish bias is...
GBPUSD is on a bearish momentum! | 22th Oct 2021
Price is trading in a descending trendline. We spot a potential entry for shorts at 1.38075 which is a graphical overlap towards our Take Profit at 1.37467 in line with 61.8% Fibonacci retracement and 23.6% Fibonacci retracement . Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices,...