DXY (US-DOLLAR) testing strong Resistance-ZoneHey tradomaniacs,
even though we`ve seen very dovish statements by Jerome Powell, aswell as worse economic-data from the USA, which is currently bad for the US-DOLLAR as the market started to BET against the Feds policy the bears suffered due to a lack of controle.
The current rally seemed to be a bit exthausted as there was no retracement to give bears betters prices to follow the momentum.
We see now a re-test of a potential strong resistance-zone which should hold as long as yields stay low and stocks move up!
It is currently very tricky as the uncertainy and risk increases due to the short-squeeze-drama by WSB.
However, I will watch this level carefully and look for a short if market price rejects off this level.
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Peace and good trades
Irasor
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Opportunity
EUR/JPY BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
EUR/JPY: Daytrade-Preparation
Market-Buy: 127,090
Stop-Loss: 126,690
Point of Risk-reduction: 127,350
Take-Profit: 127,990
Stop-Loss: 40 pips
Risk: 0,5% - 1%
Risk-Reward: 2,25
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Peace and good trades
Irasor
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EUR/NZD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
EUR/NZD: Swingtrade-Preparation
Market-Sell: 1,67630
Stop-Loss: 1,69000
Point of Risk-reduction: 1,66545
Take-Profit: 1,63180
Stop-Loss: 137 pips
Risk: 0,5% - 1%
Risk-Reward: 3,30
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Peace and good trades
Irasor
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CHF/JPY could RISE!Hey tradomaniacs,
CHF/JPY with the second attempt to break above the key-resistance-zone 👉
It looks like this is a valid breakout with a continuation very soon!
Comparing both moves above the resistance you can see that the price has found demand and flipped the previous upper trendline into a support.
Volume, volatility and momentum has been very bullish so far as.
1️⃣ Volatility
Has been low with the breakout compared to the false breakout in the past. A high ATR-Value and so volatility is often a sign of stop-loss-fishing.
2️⃣ Volume
In scenario one the volume was not chasing the price to the upside showing refusal of higher prices.
Additionally, open interest was very weak at the breakout-zone.
Now we can clearly see that the market accepts higher prices and follows the current momentum.
I`m watching this pair and look for a long-entry as soon as price breaks the above the previous highs as a potential double-top is still possible.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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AUD/JPY BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
AUD/JPY: Daytrade-Preparation
Market-Buy: 81,080
Stop-Loss: 80,700
Point of Risk-Reduction: 81,385
Take-Profit: 81,910
Stop-Loss: 38 pips
Risk: 0,5% - 1%
Risk-Reward: 2,10
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Peace and good trades
Irasor
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EUR/NZD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
EUR/NZD: Daytrade-Preparation
Market-Sell: 1,67300
Stop-Loss: 1,67600
Point of Risk-Reduction: 1,67050
Take-Profit: 1,66500
Stop-Loss: 30 pips
Risk: 0,5% - 1%
Risk-Reward: 2,50
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Peace and good trades
Irasor
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DAX could MOVE UP!hey tradomaniacs,
Market is currently shaky and volatile but I don`t see any reasons for the recent moves in terms of fundamentals and correlations.
US-DOLLAR has corrected a little bit due to drastic moves down in indicies with the opening of the london-session.
If these moves were legit we would see a drastic continuation, which is currently not the case.
DAX30 👉
#Washouts
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Peace and good trades
Irasor
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AUD/USD is trying to PUMP!Hey tradomaniacs,
AUD/USD trying to break out of previous consolidation 👉
Fresh positive fundamental impulses could cause the next impulse-wave with a decent pump!
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Peace and good trades
Irasor
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GOLD could PUMP!Hey tradomaniacs,
Gold could eventually PUMP as long as US YIELDS and US-DOLLAR continues to drop simultaneously 👉
These are the best conditions or gold to go up as uit is an alternative as a no-interest-asset.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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NZD/USD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
NZD/USD: Daytrade-Execution
Buy-Limit-Order: 0,72250
Stop-Loss: 0,72000
Point of Risk-Reduction: 0,72520
Take-Profit: 0,72860
Stop-Loss: 25 pips
Risk: 0,5% - 1%
Risk-Reward: 2,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/USD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
EUR/USD: Daytrade-Execution
Notice:
EUR/USD is currently one of the risky pairs due to the high weight in DXY and chaotic YIELDs.
Yields currently drop which is bad for the US-Dollar.
Market-Buy-Order: 1,20380
Stop-Loss: 1,20140
Point of Risk-Reduction: 1,20635
Take-Profit: 1,20950
Stop-Loss: 24 pips
Risk: 0,5% - 1%
Risk-Reward: 2,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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GBP/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
GBP/USD: Daytrade-Preparation
Market-Buy: 1,36900
Stop-Loss: 1,36700
Point of Risk-Reduction: 1,37115
Take-Profit: 1,37415
Stop-Loss: 20 pips
Risk: 0,5% - 1%
Risk-Reward: 2,55
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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USD/JPY SELL SIGNALHey tradomaniacs,
welcome to another free trading-setup.
USD/JPY: Daytrade-Execution
Market-Sell-Order: 105,420
Stop-Loss: 105,870
Point of Risk-Reduction: 105,000
Take-Profit: 104,370
Stop-Loss: 45 pips
Risk: 0,5% - 1%
Risk-Reward: 2,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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AUD/USD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
AUD/USD: Daytrade-Execution
Market-Buy-Order: 0,76590
Stop-Loss: 0,76400
Point of Risk-Reduction: 0,76770
Take-Profit: 0,76980
Stop-Loss: 19 pips
Risk: 0,5% - 1%
Risk-Reward: 2,20
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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USD/CHF SELL SIGNALHey tradomaniacs,
welcome to another free trading-setup.
USD/CHF: Daytrade-Execution
Market-Sell-Order: 0,90140
Stop-Loss: 0,90500
Point of Risk-Reduction: 0,89840
Take-Profit: 0,89210
Stop-Loss: 37 pips
Risk: 0,5% - 1%
Risk-Reward: 2,55
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Peace and good trades
Irasor
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DXY could FALL again!Hey tradomaniacs,
DXY (US-DOLLAR-INDEX) broke out of its trendchannel and could continue to fall if it braks the current support-zone 👉
Non-Farm-Payrolls almost as good as expected, but overall not as good as priced in.
I did a lot of research due to the current correlations in the market.
You might remember that I said that we will reach a point where the market is going to price in that the FED won`t continue with its current dovish monetary policy anymore, or at least, can`t increase their volume of certain liquidity-packages.
The market would begin to "bet" against the central banks as they did back in the days and price in less liquidity and so in the future higher interest-rates when the economy recovers faster than expected.
Now a worse NFP-Result could put these bettings agaisnt FED under pressure!
USD/CAD SELL SIGNALHey tradomaniacs,
welcome to another free trading-setup.
USD/CAD: Daytrade-Execution
Market-Sell: 1,28000
Stop-Loss: 1,28490
Point of Risk-Reduction: 1,27630
Take-Profit: 1,26980
Stop-Loss: 49 pips
Risk: 0,5% - 1%
Risk-Reward: 2,10
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/USD testing MAJOR-SUPPORT!Hey tradomaniacs,
Im watching the markets very carefully as explained and we still see the same circumstances as risk-on-pairs are very choppy in a rising stockmarket.
Keep in mind that we will get to see the Non-Farm-Payrolls tomorrow❗️
Previous Initial Jobless Claims aswell as the ADP Nonfarm Employment were pretty decent and are a great pre-indication for a positive result tomorrow, means the current moves in the market could be fake in order to attract buyers to provide liquidity to institutions that would sell the USD with a positive NFP-result.
Additionally, stimulus-talk are doing good so far and some voices are yelling for even more financial injections in the near-term in order to support the economy that couldn`t survive the current corona-drama without it.
Meanwhile, EUR/USD is re-testing major-support-zone with possible bullish confluence 👉
For now I`m still staying aside as long as the market is choppy like now, especially as long as intermarket-correlations are still not as they should be.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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