ABN AMRO BANK N.V. OversoldThe coronavirus COVID-19 overreaction pushed stocks to their lows.
Looking at the charts for ABN AMRO BANK N.V. we can say that this Dutch bank is heavily oversold.
Banks
Swing Trade or Weekly 138 PUTS - low cost, low risk tradeThis trade does not have strong signals for puts. Price is at top of cloud and 10sma is over 20, but 20sma has crossed below 50 (yellow arrow). RSI dipped below 50 on 2/18 and is back over today, which is bullish. If stock turns then RSI and Stochastic will both dip below 50 (green arrows)
That said, today's Fed minutes or any economic news (credit bubble, rates, repo lending, etc.) may cause selling after a strong run up and some claim stocks are "propped up" right now. I am keeping stock on watch list for a swing trade.
I opened weekly 137 puts at 37cents, and I exit position if stock trades over 138.50. Keep trade size small. If I hold overnight and stock opens higher I still lose only a small bit of principal. If stock drops back to 20sma or to recent gap, my return on capital will easily be over 100%.
SG DBS BREAKING DOWN DBS is very weak now. Having bounced off 25 twice in recent time, it failed to make higher highs, failed the 55EMA, and is likely to revisit 25.
MACD supportive of bearish bias.
Going for a bounce at 24.50, and to consolidate at 24 for deliberation of a possible major rally to 40.
GOLD 1h UPDATEthe same Scenario. 3 days ago we saw a nice and so terrible stop hunting you can see that in my past analysis on GOLD . what we actually have in here is just reply that scenario again. and banks says : hay guys bit it! we wana set our orders .
its just that .
good luck.
XRP MAJOR SELL OFF INCOMING! 0.30$ TO 0.16$? SHORT CRYPTOS XRP has only just broken even with a previous buy trade banks had running, by them breaking even with this buy trade allows big banks and institutions to now put a huge amount of sell orders in. Price should go all the way down to 0.16$ to take out lows that still have liquidity. Furthermore, there is a lot of imbalance that needs to be fulfilled @0.22-0.21$ so this could be our take profit one. However I do see price coming down to 0.16$ and maybe even further down.
6000 employees cut from UnicreditAnother bank, the same story "The Italian bank may lose as many as 10,000 staff in a new strategic plan." It just proves that the banking sector continues to suffer... only a few will survive. For that, they need to restructure and optimize the service.
UniCredit joins other large European banks slashing costs and reducing job numbers as they seek to adapt to low-interest rates that make it harder for lenders to increase revenue. Deutsche Bank AG plans to cut 18,000 positions in a sweeping overhaul, while Societe Generale SA in April announced plans to cut 1,600 jobs globally and exit capital-intensive businesses.
What happened with EURUSD (EXPLAINED and WHAT NEXT)Hello Traders !
We have seen EURUSD dropping a lot today. But WHY?
Actually we have seen there a nice daily level of support which was broken today. Also a Demand Zone. The thing this the Demand Zone became a Supply Zone due to the pressure from the sellers and pushed the price to the downside. We have seen that on the news today. They were good for EUR but it went immediately down which indicates us the pressure from the sellers.
What Next?
My thoughts are that the price will go up to the Supply Zone again. I don't see the Supply Zone very strong because the h4 close shows bullish pressure. We are right now at a daily level of Demand which is very strong. From this Demand Level I expect in all scenarios a push to the Upside. This Up Move is still confirmed by Elliot Wave.
The question right now is: Will it drop again from the Supply Zone? The answer to this question can only tell us Price Action . We need to watch it carefully. Also consider that all the retail Trader will short the EU at the resistance line which was the previous daily level of support.
My thoughts are to buy at the daily level at the bottom and to swing trade EURUSD to the upside or to scalp it till the Supply Zone.
Let me now in the comment section below your view on EURUSD and what you think about my Analysis.
Please leave a Like
Thank you and we will see next time
- Darius.
Oil Reversal Pattern, Daily Fake Out?Oil has been on a very prolonged downtrend after the market calculates affects on Chinese oil demand as parts of the country shut down. Last week the highways in and out of Beijing were shut down. It is very likely the coronavirus numbers are much worse than are reported by the Chinese government.
Oil here is showing an exhaustion in the downtrend. We seem to not be making anymore lower highs...or it is tough to make a new lower high. From here, we have a double bottom, and potentially looking for a head and shoulders too which will give us our first HIGHER LOW in the new trend.
52 is an important flip zone not only because it is the lower high swing we are playing with on the 4 hour, but is also a big daily level:
This of course is the big support level we have been watching and we are retesting this now. In this downtrend on the daily we have made 2 lower highs so it is beginning to be an extended move. Watch to see how price reacts at this level and if we can get a daily close above here.
My thoughts on oil are still the same:
Oil should be heading lower due to the supply glut and the world is slowing down. This has been my opinion before the coronoavirus and the China issues.
However, oil must be propped up because the last time oil fell, banks in America were essentially forced to provide loans to these oil/shale companies, knowing very well they won't pay them back. They were forced because it meant thousands of high paying American jobs on the line. These oil/shale companies are now zombie companies. Oil now affects the financial sector. If oil issues occur, there will also be bank issues. This is why oil will need to be propped up.
USDJPY. Called the Sell trade. Now time to BUY.A detailed view point on where banks are taking their trade and why they are taking their trades. This all is institutional explanations and they strategy revolves around how banks use different techniques to show fake moves but they are only showing these fake moves so they can use retail liquidity to project the real move.
Put SL 30 PIPS below entry.
USDCAD short (Don't get trapped on USDCAD, EXPLAINED, STOP HUNT)Hello Traders !
USDCAD is right now at a daily Supply Zone. Also we can see another level of Supply. The question right now is which one will be the order block who will bring the price back down.
It would not surprise me if the price will make a liquidity push to the upside. We need to keep in mind that a lot of retail trader would take shorts now. The banks will see this liquidity in the market and will do Stop Hunting with all the retail traders. So keep that in mind. Of course you could take shorts now. But I would consider to wait for the valid retest and to watch price action in order to give you the confirmation.
Target:
The target would be the Demand Zone.
Thank you and we will see next time
- Darius.
Deutsche Bank: Projected top and long term Sell Entry.Deutsche Bank (DB) has been on a strong medium term rise on the 1W chart since the August low (RSI = 65.146, MACD = 0.232, ADX = 21.619, Highs/Lows = 0.9691). This rise is the bullish leg of the long term Channel Down (since 2012), that is aiming for a Lower High inside the pattern.
The previous Lower High bounces have been 85% on average and the last one made a peak on the 0.500 Fibonacci retracement level. Currently this level is at 11.35, which fits the +85% rise model. This is also where the price meets the technical rejection point of the 1W MA200 (orange line) which has been acting as a Resistance since May 2008.
With the RSI already inside the Sell Zone, we believe it is best to wait for this top to form and sell back towards the 6.45 Low.
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GBPJPY long (Supply Demand) Do Trend Lines work? EXPLAINEDHello Traders !
In this video we will have a look at the GBPJPY and also Educational Purpose. Do Trend Lines work? Everything explained in the video.
Let me now in the comment section below your view on GBPJPY and what you think about my Video Analysis.
Also tell me do you use TrendLines? If yes on which timeframes?
Please leave a Like.
Thank you and we will see next time
- Darius.
EURCHF!Banks taking out retail traders previously with a massive bullish candle, however banks have not broke even with that manipulation spike yet, so we could expect price to come back and visit that area. Therefore, I am looking for longs on that pair.
DXY UpdateSo here we have equal highs that are viable for stop raids
and will continue the narrative of a LONG USDCAD scenario
to be continued to play out. After the equal highs are taken
we look forward to a decent to the downside giving way
for other currencies against the Dollar to recover.
EURGBP LIQUITY SPIKE 2x. EURGBP TOOK OUT LIQUIDITY ON THE 4HR TIME FRAME AND THEN DID IT AGAIN ON THE SMALLER TIME FRAME (30 MIN)
WE MAY WITNESS A STRONG PUSH DOWN
THIS HAPPENS ALL THE TIME!!!Check my previous post as to why, but here we have the same scenario. Lets see how both pairs play out.
Previous post -
BACK IN THE GAME... LET'S SMASH 2020 TOGETHER!!Been away from trading due to holidays (Thank you Isreal you were amazing!!)
So here we are in a long term descending channel from a higher timeframe. Price will most certainly reach the top and re-test it.
And during this long term channel, we have a shorter ascending channel with a perfect place to enter.
HOWEVER...
If it was only that easy ever retail trader would make money! The banks know this and manipulate to market to take out all the stop losses for liquidity. They need this as their orders are so big, price would just shoot if they tried to place them all at one level.
GOLDEN RULE - - - FOR A TRANSACTION TO TAKE PLACE ON THE MARKET, THERE MUST BE A BUYER AND THERE MUST BE A SELLER. ALWAYS.
Planning a trade wayyy before it happens.... HERE'S HOWI'm expecting price to return to the long term descending channel as there is a lot of liquidity there for the taking.
I expect this to happen via the channel breaking (wiping out stop losses) then price to continue downward. I have a trade idea already generated before price even reaches that destination, so when it does I am fully prepared for any scenario.
If you can try and look to the future then you will get a better feel for the markets.
I struggled to explain this one, sorry.
Happy trading!
AUDCAD ShortSmart Money Concept. How the banks trade your money.
Update from the very last AUDCAD Long setup. Enjoy :)
Long on KBE WHY KBE? KBE - tracks an equal-weighted index of US banking stocks. Meaning, The big boys (Banks) and the smaller ones gets an equal -weight.
With small cap ( IWM ) leading the major index last week and the finance sector ( XLF ) being under the radar with good earnings, we might c a major breakout 2 the whole finance sector.
In the technical point of view' i identify one of my favourite pattern , The ascending triangle.
With that said, We might c KBE gets the upside i am waiting 4.
