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ridethepig | EURCHF High Risk Of Flash Crash !!!Here a good time to update the EURCHF as we break through the 1.062x lows as sellers are aiming for complete capitulation of their opponent (as far as the flash crash is concerned there is very little in terms of support here if we get a daily breach). The plan was (1) Forcing further selling EURCHF: (2) The extension leg was released and sellers advanced in triumph: (3) Possible retracement barrier, e.g strong support on 1.062x, smart money buying the lows? This plan to originally buy the lows could still be in play, in other words the close this week is important as it will effectively communicate whether we are in the exhaustion stage of our 'C' leg or rather starting the impulsive swing towards 1.014x which is the target wave '3'. It is much more difficult for SNB to intervene with FED tracking like a hawk to assimilate the CHF selling. The direct exploitation of an intervention is part of the middlegame - see some of my previous content on risk flows. All we need to hope for to achieve a major flush is to keep our opponent suffering for further lengths in time. Buyers are on the defensive! A close below 1.060x will demand some attention, monitoring closely the price action around these levels. Remain short for now. Thanks as usual for keeping the likes, comment and charts coming!
Short
by ridethepig
7
ORBEX: EURGBP Ready To Reverse? AUDJPY Still Correcting!In today’s market insights video recording, I talk about EURGBP and AUDJPY FX Minors. Euro is affected by a report that a phase-1 deal is highly unlikely by the end of this year as the Chinese want rollbacks pushed to May 2020 and the US Congress just passed a bill supporting Hong Kong protesters; going against China again!? Safe-haven flows were also increasing of course, following the report, allowing yen to appreciate against risk assets with AUDJPY attracting our attention once again! Pound, on the other hand, is somewhat muted as the first televised debate between Boris and Corbyn was seen as a draw. This means that the euro's somewhat better performance could allow EURGBP reverse and move higher!? Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
by Orbex
Accelerated Growth, 2020 Selloff, and a 15 Year Bull RunWe're getting very close to breaking out of the trend line going back twenty years to the 99` bubble. There have been multiple attempts over the last 2-3 years. Trump/ Fed keep lowering rates and want to continue the "expansion". I assume they will be successful and we'll have accelerated growth until 2020 Presidential elections. I expect 3600-4000 SPX before a democrat is elected. I could see Trump and the Fed will allowing the market to fall by raising interest rates and not utilizing the presidents working group on financial markets like was done in the sell off in 2018. That being said I believe the market will resume its bullish trend after a sharp sell off in 2020-2021. This is just my very broad / general long term Technical analysis/ speculation where I am assuming many things, do not trade on this even if the assumptions are correct when the time comes. Trade based on your own analysis. Demographic data and economic cycles align with my speculation as shown by Ciovacco Capital www.youtube.com
TVC:SPXLong
by Tanner
2
TRX/USD bear trend might be in troubles!HELLO everybody TRON losing his selling power Smaller swings, a LOT of divergences (both from RSI14 and MACD 3-10) which makes me think the trend is about to correct. It looks like we also broke the discending support (for the bears) and / or falling wedge formation (orange lines) with a decent burst of momentum, which could be identified as a Kick-off , namely the first signal of the beginning of a possible correction. If so, we are now testing the orange trendline to then move higher. We also have a pretty big resistance (dotted red horizontal line) and the 20MA is close for a 50MA cross. SO, power is being lost, what do You think? NOW: I really can't be sure of the entity of the correction. in this 7H chart I placed 3 blue rectangle boxes, which are the most important areas of resistance. In my strategy, I will wait to see what price does and how the buyers will behave to decide where to consider the correction depleted. I am not a professional Trader, these are only my opinions on TRX USD and I wanted to share this idea with You to gather feedbacks and maybe improve it togheter =) let me know your thoughts on this
BITFINEX:TRXUSDLong
by MauriceEverthin
3
USDJPYHello all - DuncanForex.com here with another trade idea As per my Gold short trade - I think USDJPY is ready to head a lot higher. (see related trade below) On the monthly chart it printed an amazing pin bar (back in Jan) It is now at the 61.8% retrace level (just under it by about -60 pips (on a weekly chart) I think this could head up to 115 level easily on a Fibonacci extension. I have entered 3 trades at 106.91 area DuncanForex.com coming soon (about 1 week) Thanks for looking Duncan
Long
by UnknownUnicorn483829
2
BQX 50,200MA ///// Ethos///// LongSimple incoming set up! Easy the 1D 50MA is about to penetrate the 200MA causing a violent eruption! Fib- line up well\fit. All fib levels have been tested. .618 has been tested and now on it way back to the .236 for nice bletch:> Stoch RSI- is inline and bottomed.\ MACD falling over to drop, for the push up! RSI- Hidden cup and handle Detected. \ handle has formed and is curling... ----------------------------- buy @ .236 fib T1=height of the flag ~ movement minus long tale .... target= sell on Death! above Main 1 fib T2= Full measure of the movement= Above 1.618 fib ~ with FOMO Sell on Death! time= 28 day window.. conservative -------------------------------------------------------------------------- Ethos///////////////// building into Data-centric\focus on New Users\and Gateway entry.... ERC20, Voyager Universal Wallet, Single Key Smart tech.... Built for Regulatory Compliance, Fiat Gateway.... XRP for reference, will produce! feedback is appreciated! The Money will follow!
BLong
by UnknownUnicorn3811160
2
COTD - 12/04 XAUUSD Revisiting our Chart of the Day from Tuesday, where we took a look at the safe haven asset of Gold. On Tuesday we were seeing Gold catching a bid and trading higher on the back of a softer dollar and investors cycling out of riskier assets and aligning themselves with the risk-off assets. We discussed the longer-term setup of the head & shoulders pattern forming and also the declining trendline that has been capping the asset and causing the lower highs. As we look at it now, the U.S. dollar was on the front foot yesterday and as investors cycle back out of safe-haven assets we can see that Gold meets the declining trend line and fails just as it touches it, we have some support today on the weekly pivot level, but for the time being the original two ideas are still in play as we are yet to see a break of the neckline on the head & shoulders formation or a convincing push above the trendline. OANDA:XAUUSD
OANDA:XAUUSD
by Alex_GoMarkets
Leg D completed on the Weekly... expecting bears to come in hereThose who have been following our commentary on Gold will have known 1180-1220 was our initial entry for longs when the position was anti-consensus. Once it started working we released the idea of longs towards 1345 and finally we are here after 14 weeks. Expecting a large retrace here as bulls unwind their positions and book profits, we have an opportunity to ride this retrace leg to the downside. Inflation is starting to edge down, the only card we need to be aware of is risk. For those tracking the macro side, via inflation 1225 is the only level in play for bears on this final leg E. There is plenty of room below current levels and we see great value in shorts here. Best of luck to those trading live, please remember to like and comment and keep the support coming. Thanks
FOREXCOM:XAUUSDShort
by ridethepig
Signs of homemade inflation a few months away... [take 2]For those who have been following our previous idea (see related posts) you will already know we have been tracking this leg to the upside since 1200. We are finally starting to run out of steam for this initial leg and it is time to start looking for positions on the retrace. Initially we attempted shorting this before the market ran away without us. So in this second attempt we are positioning for exactly the same flow. => Inflation will begin to return in parts of the world later in the year (homemade) ...assuming we can clear risks on the US & China trade front then the stage looks set for a test as low as 1225 before any further meaningful upside ... would expect this to begin happening with an earnings recession towards Q3/Q4 this year. Good luck to those on the sell side here, we are being aggressive with the trigger in attempt to outsmart the beginning of a very large leg ahead of inflation data next week from the US.
FOREXCOM:XAUUSDShort
by ridethepig
3
Signs of homemade inflation a few months away...For those who have been following our previous idea (see related posts) you will already know we have been tracking this leg to the upside since 1200. We are finally starting to run out of steam for this initial leg and it is time to start looking for positions on the retrace. => Inflation will begin to return in parts of the world later in the year (homemade) ...assuming we can clear risks on the US & China trade front then the stage looks set for a test as low as 1225 before any further meaningful upside ... would expect this to begin happening with an earnings recession towards Q3/Q4 this year. Good luck to those on the sell side here, we are being aggressive with the trigger in attempt to outsmart the beginning of a very large leg ahead of inflation data next week from the US.
FOREXCOM:XAUUSDShort
by ridethepig
EW ANALYSIS: Risk-Off Sentiment Could Continue; NIKKEI+USDJPYHello traders! Today we will talk about Risk-Off mode over NIKKEI225 and USDJPY, where we see a tight positive correlation! As you can see, the main driver for the USDJPY sell-off was NIKKEI225, which may continue later this week, since we have seen an impulsive five-wave decline. In EW theory, after every five waves, a three-wave pullback follows and we can already see an a-b-c correction in progress, where wave »c« is still missing, so be aware of a Monday rally towards projected resistance areas, from where we may see another sell-off in the stock market and consequently also in the USDJPY! That said, in the NIKKEI225 futures chart, we are tracking a three-wave a-b-c corection, where 22000 resistance area can be tested, before we may see a sell-off continuation! So, as long as it's trading below 22780 highs, we will remain bearish! If we respect correlations, then it's similar with USDJPY, in which we think that 113 area, specifically 113.25 – 113.35 resistance area can be retested before another sell-off, so while it's trading beneath 114 region, we remain in the bearish mode! Early Monday moves are usually fake, so if we get a Monday rally within projected wave »c«, then this would be a perfect three-wave corrective rise that can be easily covered in the next days, when we expect another sell-off! Trade well! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
Bitcoin, and the entire crypto market. Does this recent decline in the cryptocurrency market mean investors have finally come to their senses that the market is unstable? Have investors finally realized that there was a massive bubble that the cryptocurrency? The Dotcom Bubble, which is very similar in characteristics to the Cryptocurrency Bubble resulted in the closure, bankruptcies, or legal prosecution of hundreds of companies. We see similar characteristics such as an influx of new ICO's, of which 90% of them are useless, and dead after a short time. According to Dead Coin, currently, there are 930 coins that are deceased, abandoned, or deemed a scam. People have come to the realization that like fiat, crypto has been hacked, stolen, and manipulated. The benefits of crypto have drastically fallen from what was once promised. It became slow and expensive, while not being as secure as claimed. Majority of traders were very inexperienced traders who purchased bitcoin on credit, mortgages, and loans. So, it would seem that cryptocurrency has perceived value due to fiat (dollars, euros, misc). Traders invest fiat, gain profits, and sell for fiat. This makes crypto essentially a trading tool but itself is worthless, because there is no perceived value of cryptocurrency. Do each of the 2,000 coins have value? Are they all accepted? Are they accepted everywhere? Are there exchange rates? Can they be exchanged? These are the important questions asked by investors. Bitcoin, among other cryptocurrencies seem less accepted today vs during the boom of 2017. From what we heard, a big player in the decision was that crypto is no longer stable and have lost confidence. Below, we explain the 3 points on our charts: Point 1 - We were reading that at this point, BTC was stabilizing and was poised to breakout. BTC traded pretty much flat for most of October, which many traders thought brought the end of the bear market for Bitcoin. Point 2 - At this point, Bitcoin and the entire cryptocurrency market proved it was not a safe-haven against stock market volatility. Bitcoin has dropped in parallel with the stock market (not in percentage or points) but in a general sell off. There were bits of news here and there that may have influenced prices across the crypto market, but confidence has faltered and fear has set in. Point 3 - We believe this is the most important point. This point is a future prediction, which we believe in that will take place WITHIN 2019. We believe investors and traders of the cryptocurrency have finally come to terms with the massive bubble that it became. According to CoinMarketCap, there are over 2,050 crypto currencies! Yet, at the same time the entire market cap has been shrinking. This is the biggest sign of a bubble. We believe the bubble popped and is continuing to deflate. We believe this drop in Bitcoin and the cryptocurrencies will continue to deflate, until a massive restructuring takes place, either by government involvement or not. In this restructuring, we will see well over 1,000 cryptocurrencies simply vanish. So, what is the solution? In conjunction with the stock market, we believe that the crypto market will also continue downward. The stock market has entered bear market and there is talk that GDP will come to a halt in 2019, below 2% with a big chance of recession. Many cryptocurrency experts state that the market is still in capitulation and predict bitcoin to reach back into the hundreds of dollars. Get out while you still can. You will see the vanishing of majority of the cryptocurrencies during this downtrend. Protect yourself with assets of actual value . Bitcoin is not digital gold, its digital fools gold. You decide, $4,000 for some coding or $4,000 for precious metals that survived every great financial decline? Will there be those who shout "Your crazy, your wrong" absolutely, but we were telling investors/traders to get out in Jan of 2018 where others stated "it was a correction". A correction is defined as a 10% decline, its now been over 80%. We understand, no one wants sobering news that the asset that helped many people make some extra money, is coming down and has further pain ahead. *Disclaimer As cryptocurrency is an entirely new type of investment class, predicting crypto has proved to be extremely difficult, even to self proclaimed experts. Our prediction is based on historical financial assets, bubbles, and trends. Bitcoin has a possibility of reversing upward, but the odds of this are extremely remote. We standby our claim that the bubble and capitulation has not ended . Best of luck!
FOREXCOM:BTCUSDShort
by WorldEconomics
1
USDJPY: Don't Sell...YetThe Yen continues to underperform all major pairs, including the Dollar. Yen weakness rather than Dollar strength is currently responsible for the gains that the Dollar has made, retracing some 700 pips off of the March lows. and, more recently, 230 pips off the August low. Technically we're looking at a potential alternative cypher pattern, though I make almost no trade decisions off of harmonic patterns. Currently the USDJPY -0.06% is up against resistance at the 112.00 handle, which is also the 68.1% fib retracement off the July 19th high. I've been on a short bias since I first posted about the pair after getting a short entry signal using my trading methodology, which you can read here. After briefly penetrating my entry zone, the Dollar rallied but has yet to invalidate the trade setup. I'll be watching the next week or so, monitoring what appears to be increasing Dollar weakness. My prediction is that we'll see a low-conviction rally up towards the supply zone (red rectangle ) with little to no momentum. If risk-off returns and investors begin purchasing the YEN than we'll likely see a USDJPY -0.06% sell-off. For now I'm holding.
by thetradeWELL
WOW! What a rate hike!ERdogan is freaking out!#BE PATIENT!Hey tradomaniacs, what a HUUUUGE rate hike in turkey today. WOW! We see that this rate hike obviously increased the value of TRY causing a sell-off today. But what does that mean? We were breaking out of a triangle which is actually a trend-continuation-pattern. Yeah... News like that can destroy every pattern and its rules. BUT what will happen? Well, experts expect that this rate hike could advoid a finacial EU-crisis..bla bla we all know it can`t . And who knows this? Big institutions! BE PATIENT right now. We are totally oversold and that could cause a retracement. As long as we stay inside of this support-range, better don`t do anything. Wait for impulses. I expect a small correction ending up in a consolidation until the market "digested" these news and analysis upcoming expectations. I expect this: We will see a correction coming to HIGH Supply-Zones (Sl`s). This is the perfect area for big banks to buy their huge position-sizes. I don`t see turkey is doing better. We will see. :-) Don`t do anything in this range. May trade a break-out ot use a range-strategy but take your profit quickly. We need to wait. :-) Peace and good trades Irasor Trading2ez Wanna see more? Don`t forget to follow me. Any questions? Need signals or education especially for beginners? PM me. :-)
by Trading2ez