Fundamentally Setup Markets For This WeekI have identified the following markets are "set-up" for moves of some significance.
This video goes into the fundamental reasons for these trade ideas.
NOTE: I am not looking to go long/short these markets immediately. I will wait for a change in trend on the Daily to get involved with these markets. The tools used to identify these trade setups are not timing tools. The tools do give us an idea of how market participants with significant size and intelligence (commercials) are positioning themselves. The tools also give us an idea of sentiment, valuation, seasonality, and also an idea of what the (usually wrong) public/small traders are doing.
LONGS:
HEATING OIL (HO)
GASOLINE (RBOB)
MEXICAN PESO (6M)
SOYBEANS (ZS)
COTTON (CT)
SUGAR (SB)
SHORTS:
EURO CURRENY (6E)
JAPANESE YEN (6J)
SWISS FRANC (6S)
GOLD (GC)
30 YEAR TREASURIES (ZB)
Good Luck & Good Trading.
6S1!
SWISS FRANC Futures (6S1!), H4 Potential for Bullish RiseType : Bullish rise
Resistance :1.03220
Pivot: 1.02695
Support : 1.03220
Preferred Case: On the H4, with the price pullback from the support, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.02695, where the current price is to the 1st resistance at 1.03220, where the overlap resistance and 23.6% Fibonacci retracement are.
Alternative scenario: Alternatively, price could drop to the support at 1.02025, where the swing lows are.
Fundamentals: The CPI m/m and Retail Sales y/y are out today, both of them are better than the expectationa nd previous data.
CHF SWISS Futures Supply And Demand analysis-CHF very weak currency. I'm not about to go
and call the bottom of the and neither should anyone.
What I notice is price has created 4x DBD supply zones
in a row which allows us to consider the market overextended,
and we have the ability to draw an aggressive downward ML.
-Waiting for price to have the "elastic band effect"
and have price shoot up and break the aggressive downward ML +
remove an opposing zone.
-A quality DBR must be created from that and then
I will look for a potential swing trade.
6S Daily at low priceThe 6S Daily time frame is in an up trend. The
market is making higher highs and higher lows.
The market is near a low price. It will be a good
idea to turn to the one hour time frame and look
for low prices in the buy zone. The daily is showing
a longer term bullish push towards 1.1563 about
+701 Ticks away.
The decline is not over yet. ExplainedSwiss Franc futures dropped as it was forecasted. I think the decline is not over yet. We can see a small rally followed by the next wave down. The 1.0700 range was strong resistance and there is a big chance it will be tested again. Commercials are still short this market, seasonal tendency is to the downside. However, Insider Accumulation is turning neutral from bearish. With that in mind and a bit more cautious, we want to look for and take sell signals. Besides, Wyckoff distribution is in the process and we still can make money shorting Swiss Franc futures.
swiss franc (6S) down for long !!!!we have a great breaking of the rectangle wich mean the market will go to the resistance (1) . so if the market breaks the first resistance (the target) it will go down to the resistance number (2) . So if you have a suggestion or advice leave it in the comments . and if you like my analysis break the 'Like' button s