Feds
GOLD set up for a further upsideUpside expected on gold
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Good Luck!!!
sp500 likely to retest previous highsDovish policy of the feds coupled with the strong bullish reaction of the stock market since the fed funds borrowing cuts means the rally can continue. But how long is difficult to say. While some argue we can continue to be bullish and avoid a bear market, that sounds hard to believe and unreasonable. But for now its best to long to these areas, and only consider hedging puts up higher near the 3510-3560 area
Technical wise we have formed several bullish divergences on the 1hr. The first one suceeded somewhat. A decent rally followed by a lower low, and the current one if it works shall show a gap up with a pre market pump
USDJPY Inverse ScaleUSDJPY currently trading in a squeezing channel, price like to run fast when it breaks out. I am biased bull on Japanese Yen, final target for this trade (if ever triggered) is 94
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GOLD two case scenario, will it drop down or make new highs?Gold has been trading in a channel for a while and soon it should breakout. Because we are in a bullish trend, I favour more of the upside continuation to the upside as opposite to being a bear, even though like possible. Make sure you have a sound trading plan if you are taking this one.
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SHORT EUR/USD Part 2 The Play EntryThis was my staggered entry that was actually early but I let it breath and it fell down as expected. I will ride this to 1.17500 or deeper if warrented.
AC possible Call Option Word is that the Feds are about to step in and give AC a "hand".......you decide....Building Financial Resiliency One Block at a time.....#FranklinCap Hit the "Like" button to see more like this from Franklin Capital...Thanks!
USDCAD Will Price respect Support? This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
100??? Oh my..Well here is what I see. If we have a good 10 more days of feds pumping money into the market we are going to have a LOT of selling pressure if we get beyond 100. 98 no longer held as resistance so we have been pushing our way to 100. I will be looking for a corrective structure and resistance under the dashed line before shorting the dollar.
current direction : Long
Bias : Short after a 100 FAIL
Entry: Break below 98.20 with a pullback retesting 98.80 zone
BAC over extended and feds coming!BAC pushing up into zone. Looking to follow this one this week and see if we get rejected. FEDs will be a catalyst. Might wait til wed after announcement unless solid tell is present. Love the options chains and liquidity on this stock!
ES still in "zone"Es still trading rangebound within this zone. Looking like ill extend it out now. Might have to wait for feds or china talks for a clearer long term direction.
S&P 500Indices get their rebound with stimulus from the Fed assuring consumers who are led to believe there's a recession arising to not be alarmed. U.S markets trade with great volume, and the reserve currencies gets its' dosage of steroids.
EURUSDJerome Powell is expected to speak this week concerning the Treasury note yield curve. We’re looking to see an aggressive Fed to address the potential global recession, which means quantitative easing and another rate cut.
This is a bearish signal for a weak dollar, due to the Fed debasing the currency by increasing dollars in rotation. This could bring in a high-volume price action.
An Easier Fed could mean my technical analysis would be inaccurate, and the EUR would push price to the down side.
GBPUSDThe Sterling Pound
The markets were optimistic regarding Germany’s Merkel agreement for the Irish backstop. The divorce with the EU, and Boris Johnson’s plan to meet with the Merkel will probably not accomplish any progress but headlines have moved Sterling a little higher.
SHORT opportunity for XAUUSD - Watching at it gets close to NFP Watch gold as it gets closer to NFP Friday, where I believe US will get good reports and bring back the strength to USD
Above you can see the last fall in Jan4 brought ahead to what I believe might happen again.
Anticipating two moves for EURUSD todayQuick Recap on my yesterday's trade and price action up until now
Yesterday my intraday bias was EURUSD = Up. Reason? :
1. Price last week have hit Weekly and Monthly Range
2. Price is trading below this levels hence its on price levels that I like to call "a hot zone". Its not a certainty but it has high probability the price would reverse/retrace/move sideways because you cannot keep buying the dollar (when you short EURUSD, you are buying the dollar with Euros) a currency forever without selling it back and putting it back into the "inventory"
3. Price tested levels that I thought at the time a very significant level 1.3200 (My entry and Stoploss are market with Pink arrows/Pink Lines. My TP was the projected daily range high)
4. Price hit my stoploss and went further down to 1.13100 - 1.13000.
5. Price then shoots up in mid speed and hit my intended target (market pays back what it owes //*Range miss one of the projected range high or low, very often the price hits the projected range high or low in the following days. In this case, it pays back before the London opens)
My Trading Plan
Scenario A (Look at blue arrows) : Price stops where it is right now (exceeding the average Asian Session range) and retraces back inside the range. During London opens, I will look for patterns that signals price could go up (W pattern, Bullish engulfing candle, Doji followed by bullish candle. But a W pattern (doesn't need to be all perfect) (LONG)
Scenario B (Look at red arrows) : Price continues and hit either of those two levels. From then on, I will look for a retracement trade. A double top or a quick inverted V (bearish engulfing candle) at those price levels (SHORT)
Note : Long term I am still (BEARISH EURUSD) the EURUSD due to Federal Reserves & ECB's monetary policies (divergent)
If you like my writeup follow me here or DM me for any questions. Thanks
10 year note , are we looking at a short term correction?Normally movement in the price of oil leads a move in the price of the 10 year note. The blue line is USOIL and it showed me a change in behavior that I couldn't trade. So I looked for shorts in the notes after It made a high .
I am now expecting lower highs given how investors are long SPX after the dip
Road to Riches - USDJPYAfter breaking out of the Weekly bear channel, we saw a pop up of 300 pips (c.100.8-104.0), and noticed a Bull Continuation Flag building up over the days.
Deep Take Profit Point lies at 107.8, with the pole being the same length as seen in the charts. I am looking to Long USDJPY 0.17% till at least 75% of the pole's length, which TP lying slightly above 106.5.
Good luck
Road to Riches - USDCADUSDCAD failed to close above the blue line of 1.32417, which is strong resistance, though challenged and broken, shows that bulls dont have much power to break upside.
Challenge of the bottoms is in play now, and we can ride the USDCAD bus down for decent $$$. See you there
