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AUDUSD - LONG overall, short pullbackIf you take into account the Wall Street cycle we can see the main points in the market move. On a technical level we have a weekly Elliott 3 top forming looking for a pullback to point 4. This is supported by the DXY oversold level on it's stochastic. COT data is showing a move toward short positions (not heavily) so again further support of the drop. Extension levels show the regions 0.7600 and 0.7450 as areas of interest for the drop. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Long
by Mayfair_Ventures
Reporting of the Reporting? (Jan 1st 2021)Not a metric one would hope keeps exploding upwards, but it will be interesting to see what the USA COVID-19 death reporting looks like over the next year now that 2020 is over with. Hopefully by summer we see these numbers flatten again, but I expect a new surge around August/September 2021 along with the changing of the seasons and weather. These conclusions should be pretty obvious to most. Expected 2021 EOY USA Cases: 650,000 - 786,000 Deaths Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
D
by Hambooger
Sundial, potential jackpot #BullishAFSundial growers has been getting a lot of volume these past two months, even having a day where it achieved 2billion volume . This resulted in a golden cross, which will result in a bull run for sundial. After breaking out twice, and finding support after each break out. Sundial has extremely high potential to repeat this pattern and beat the previous break out high of $.98 cents. There are a ton of catalysts for this company that ALL point towards positive price movement. let’s start off with the fact that sundial has cleared all debt. Sundial is the ONLY cannabis company to have no debt. Sundial has a very low market cap compared to other cannabis companies. Tilray , Auroa, and Cronos group have market caps of 1billion +. I believe that sundial has room to grow its market cap, atleast to around 1billion. If you research sundial’s website they offer a wide array of great cannabis products, which they are constantly improving. Sundial is trying to make stronger thc potentcy in bud which is a great sign of strong future growth and progress. With Biden being elected, the house looking at the PACE bill, the culture right now with marijuana, and a stimulus check around the corner..marijuana industry as a whole is a ticking time bomb. I think sundial has the best profit potential. Price target 2.5 long, 1.38 swing.
NASDAQ:SNDL
by benarcotta
5
NZDUSD - follow up Check out the link in the related section, Done exactly as planned. Now it's slowed down, into the zone. Waiting on confirmation short. It could pop up a little more but bias is short still. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Short
by Mayfair_Ventures
ridethepig | Dollar for the Yearly Close📌 Dollar for the Yearly Close Now comes the dollar complex which we have covered several times - the artificial devaluation which we were tracking in 2019 has arisen: Dollar bears now have a good position, because it is looking highly unlikely that Trump can pull this off now and manage to force a stop to the artificial devaluation. This somewhat clumsy move of a Biden/Harris WhiteHouse alongside a GA senate flip which looks cooked to come in January - will expose badly the USD and nothing will be able to prevent it from hanging on. The struggle to control a private debt problem by issuing more private debt is a serious mode for the birds. ...Monetary policy, or better said, Keynesian economics has the difficult task of proving its worth now: For USD the chance of setting up a counter attack of the highs is diminishing on all wings. As we are seeing, frequently the 90.0x handle has been difficult to crack, so it is clear that we need to pay attention to a breakdown here as it unlocks the possible momentum force towards the nearest support at 77.8x. Another extremely violent example of capital outflows looks around the corner for the U.S in 2021. Thanks as usual for keeping the feedback coming 👍 or 👎
TVC:DXYShort
by ridethepig
6
The bigger picture for weed This is a 1-month chart, which enables us to see the very long-term trend. Honestly nothing is really happening yet, we maintain a consolidation for almost a year, after a long-term heavy decline. Fundamentally, nothing has shifted yet, but it looks like there is some interest with Biden getting nominated. Stocks are undervalued; that doesn't mean they can become even more undervalued. I am watching them, but don't feel the time is right yet. If you don't want to miss out, buy a 25% of what you would normally. I am keeping them on a watchlist.
AMEX:MJ
by dorfmanmaster
USD Strength coming to town. DXYThere's a turn in the trend due around the 30th as part of the cycles. This lines up with an Oversold (currently - false bar stochastic) As well as the hyperextended S&P. This could be a good indication of the bubble growing and no place to run. Let's see... Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
TVC:DXYLong
by Mayfair_Ventures
ridethepig | Dollar into December📍 Dollar into December ... Here we are dealing with a sensitive situation, which we have discussed previously at earlier opportunities. One should not overlook the underlying strength of the dollar given it is the centrepiece of the currency board. After clearing the vaccine and all is roses newsflow, the next chapter of covid and risk is here into December - I am expecting dollar to find some short-term support, investors will take cover under the table while risk rushes into the room for the coming weeks. The manoeuvre is intended to provide a retrace from the impulsive leg down, but not too far. We must defend skilfully as sellers are already 'quite in love' with the dollar devaluation story. However, markets do not move in straight lines and some legs are worthy of participation. I personally think a pullback towards 94/95 before we can continue with artificial devaluation towards 80/75 in 2021. Thanks as usual for keeping the feedback coming 👍 or 👎
TVC:DXYLong
by ridethepig
9
Restraint at the highs📌 SPX has had its advance cut off; an attempt to cap it from the reckless advance allows the possibility of a panic blow which is decisive and impulsive in such situations, namely the invasion towards the pivot. This idea illustrates the stratagem of a major high against a 'positive' news flow. Since the Vol expansion is necessary for the defence of the highs, an exchange at 21/22 is the way we defend. You should memorise this move of forcing our opponent to make up their mind, after clearing the positivity newsflow around vaccine and etc we are going to have 'diversion' introduced. This should be considered playing against, contested elections and uncomfortable positioning from stimulus expectations leaves the entire board looking vulnerable. Thanks as usual for keeping the feedback coming 👍 or 👎
OANDA:SPX500USDShort
by ridethepig
13
USDCAD - Strength but not just yetWe have Monday as a new cycle so we could easily push into the middle of next week for the change in trend. At the moment, the Long is too obvious & with retail traders 75% Long, The price needs to drop to collect some more liquidity. Expect an extreme spike or a long candle that will scare most long positions. Last week saw Asset Managers start adding longs but Leveraged Funds adding a load of shorts. Take your time on the entry as it's the retail traders net Long that paint's a clear picture - who do the big boys sell to if all the little fish are already Long??? The Bias for this pair for institutional money is 85% CAD (AM) and 75% CAD for the (LF) Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Long
by Mayfair_Ventures
2
USDCHF - Drop to the zone and riseWith so many people now Long DXY, it's going to keep collecting liquidity for the sharp rise. It's now all about timing, Asset Managers and Leveraged funds are still short. Let's see what COT data shows tonight. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Long
by Mayfair_Ventures
2