USDJPY - THE BIG SHORT - 10 Risk reward!It's going to reach 0.618 retrace, then it's going down people!
Bigpicture
W38 Adjusted big picture, re-testing 1.0500 by end of year?It's about 3 months plus to the end of the year. Would we see 1.0500 for FX:EURUSD soon? We are about 700pips off from this low. 1.1100 is now the key support. If broken, we are looking at point B which is around 1.1000. Then we shall see how the market consolidates to form point C and eventually a big break to go all the way to point D.
eurusd technical analysis combined with some fundamentals !!!On a daily chart as we can clearly see the price is oscillating in a Sine Waves between 1.15 and 1.04.
Also a head and shoulder pattern is on its way to break the inclined neck line but not yet.
Now coming to the fundamentals. Today according to a Bloomberg report the oldest Italian Bank Monte dei Paschi di Siena has lost 9% when the markets opened on Monday, all this just before the stress test scheduled by the end of the month. This allows us to think that if Italy will be the next fall in europe it can cause a domino effect in the eurozone making investors loose confidence and sell the euro !!!
Another big event as the FED rate will also affect the pair and a possible hike could make all this happen to target the pair to 1.04 again as last summer.
Anyhow this is a personal interpretation of the facts.
I will be looking forward to hear alternative scenarios :)
GE-160300-HISTORY-G1M-SHORTA Speculative Frame Set, NYSE:GE , some articles speak about the weak fundamentals of this , but if we see the long way of this stock, the surprise does not exist. Is in free fall from 2000 over the split and only have a long flat uptrend in the past years (meaby is starting the recover way).
Now is close to touch the 1.414 of fibo and the middle of the month is presenting a black doji. If see with more detail:
We can observe how the price if filling a long ascending wedge from more than 250 days, is close to complete as well too 1.414 of fibo, i think this will go down.
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The red line was the resistance and now can be her support:
Target 1: 23 - 1 fibo?
SL: 32.5
Target 2: 18.21 - zombie apocalypse
Ideas, comments and corrections;
These are always welcome.
JBLU & USDCAD - Long to 26JBLU has shown a strong correlation with USDCAD, as both financial instruments are inversely correlated with oil (shown below). It should also be noted that USDCAD has recently broken out of a cup and handle pattern on the monthly chart and a continued rise could be an early indication of similar price action in the aerospace sector. The wave count for USDCAD suggests that an extended fifth may be in progress, which if true would provide a confluent fifth wave target. JBLU targets may be placed at 26 and 30, extensions of wave ((3)). These extensions proved to be important in sub-degree 5th wave targets and the fractal characteristic of EW suggests that these levels may also play an important role on the larger degree. A SL may be placed below wave (1) high at around 21.40.
Correlation with USDCAD:
USDCAD Monthly Cup and Handle:
USDCAD Wave Count:
