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US30 Analysis SELLHappy Sunday Traders,👨🏿‍💻📉 US30 Daily Chart- Fundermentals- U.S. stock indexes closed sharply higher Friday, notching a pair of fresh records, as Wall Street wrapped up a week framed by optimism over the prospects of vaccines and treatments for COVID-19 and yet gloom over a spike in the viral outbreak in the U.S. and Europe. Markets also remain sensitive to talk of the possibility of another fiscal aid package that could help workers and businesses, despite a lack of political momentum to achieve a pact in the aftermath of a contentious U.S. presidential election. Technical Analysis- Price currently around Monthly Resistance Zone which has been tested multiple times in the past, anticipating a great area to sell with price action patterns. I'll be looking at taking Counter-trend entries on the 4HR this week.
UShort
by Deensesay
GBPUSD LIVE TRADEGBPUSD H4- Market currently in a downtrend & is trending below the 50EMA. Reason For Entry- (Fundamental Analysis)- The Pound (£) Markets are EXTREMELY volatile right now traders following comments from British Cabinet Minister Michael Gove saying that he made clear that the UK would not withdraw the Internal Markets Bill. This comment effected the GBPUSD as it has plummeted 1.45%. (Technical Analysis) - Market Pullback move followed by Engulfing Candle. SL- 81 Pips (1.30510)⛔️ TP1- 81 Pips (1.28870)✅ TP2- 162 Pips (1.28070)✅
Short
by Deensesay
1
USDJPYUSDJPY- USDJPY has recently crossed the 50EMA meaning the start of a new trend on the 4HR Chart. This with the Federal Reserve’s policy announcement on Thursday provoked a violent reaction as the dollar snapped lower then recovered but the prospect of an ever lengthening term at the zero rate boundary drove the USD/JPY to its weakest close in a month on Friday.  USDJPY is at a level of structure support that has been a major level of structure for this pair multiple times in the past.for this week, I will be looking for possible long trades out of this pair from our Monthly Support Zone.  Support Area (Brown Zone) = (103.980-105.930)
by Deensesay
GBPUSD Happy Sunday Traders GBPUSD- Price is currently at the Monthly Resistance Zone (Brown Area). During the week, this pair pushed up due to the Pound strength. BUT, the Pound could suffer a setback at the beginning of the week, amid news indicating that UK’s Finance Minister is considering a set of tax increases to compensate for coronavirus pandemic extraordinary expenses. However, other cabinet members opposed such a move, but instead want to consider spending cuts.  This area that the GBPUSD  has tested multiple times in the past as resistance and is possibly an area that we could see a nice Counter-Trend bounce out of this market. For that reason, I will be looking in this area for possible short trades this week. Monthly Resistance Zone- (1.32315-1.35050)
by Deensesay
1