PRE
HBI Pre-EarningAnother update for last week's pre-earnings trades: HBI Puts for the pre-earnings ramp down.
GBPNZD LONG Hey guys,
havent been around for a while and will not be as active as before but i thought to myself this would be a nice trade to share with you guys. Lot of fib confluences and a weak NZD lets us stand a greater chance that this pair will reach its pre-brexit low in a year. The orange lines are area's we might run in to problems at as well as the fibs. Entry will always be on a lower TF.
Trade with care and see you around,
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ABT aggressive resistanceABT as a more aggressive Weekly resistance play to hedge against market going bearish in ABT's time til earnings
SBUX held weekly supportSBUX held weekly support with timing. Clear where it may go to black cross iMTF resistance in the run up to earnings
BMY could run up to earningsBMY would be on a run up to Weekly resistance off a Daily breakout pre-earnings
AUDNZD - Possible breakout around the cornerPrice looks heavy and is at the moment trying to break through the 1.0400 handle for the 4th day in a row. On the 4 hour chart we can clearly see volatility decreasing towards the level indicating a possible squeeze.
As I see it now there are 3 possible scenarios.
1. Price breaks through 1.0375, re-tests the level and sells off towards 1.0310 or even 1.0250.
2. Price bounces off 1.0375, re-tests 1.0415 and the sells off.
or
3. Price fails again to break through 1.040 on a daily closing basis and the bulls come in and push the pair higher.
S&P 500: All Time HIGHS?Despite the binary expectations of analysts (if HC wins long, if DT wins short) we saw an amazing rebound followed by a green day. Apart from the unexpected price action, the MACD is also giving a buy signal. The 200DMA and 50DMA haven't crossed over, and thus I don't think this is the top. I would not be suprised if the price were to reach previous ATH or even create new ones. Still, despite the euphoric buying, I will not trade on either side the SP5000 . I will wait though for a top to form and then try to catch a good short entry. I will also NOT trade volatility and would recommend you to do so as well, unless you are very advanced.
US/OIL - Breakdown of corrective structure and pre-breakoutWe are seing a pre-breakout structure forming and a possible breakdown of the corrective structure if this breakout manifests. Trade idea is pretty straight forward, entry close to the top of the corrective structure in cas of a pullback or a breakout-retest entry.
Short term target for me would be around 48.25 and longer term targets 47.70 and 46.00.
MOBL Long for potential breakoutI'm still a noobie, so any input would be well received. I'm long MOBL late on the upswing during today's power hour. Entry is 3.61, 500 shares but looking for a clear breakout above 3.62 to 3.65 even though the HOD today was 3.75. Will sell into pre market or potentially hold into market open. Guidance on this ticker was elevated for an October 27th earnings report.
Possible short in a few days or a few days after positive earnings depending on the chart at the end of the month.
USD/CHF - Pre-breakout setupDouble bottom, followed by strong buying and a pre-breakout structure. Anticipating a breakout to follow this structure with 3 possible target areas, the first one being the high probability one of course.
Apple Short for pre-election sell-off.Apple is a gift at these prices (115+)... to short.
Historically, September - November has been a horrible time to be long in the market during an election year (going back to the 1940's).
To say AAPL has been a little frothy this week is an understatement. This should be seen as a gift to either book profits and/or short at this price and time. We had a taste of what could happen last Friday, the next 7 weeks will most likely be much worse.
This weekly chart shows what happened at this time just before the last election.
Target 90.
GBP/USD - Possible pre-breakout setupPossible pre-breaout setup on the 1 hour chart. If the sellers manage to produce a breakout and stay in control an initial move towards 1.2945 is likely and if that level folds, 1.2870 would be the next level to look out for.
Buy EURUSD to test Pre-Brexit HighThis trade requires EURUSD to pull back to be able to increase risk-return and place s/l properly. Wait for pullback and bounce off the 1.1200 area for confirmation. Confused Fed and summer time for EU gov's are good combo for EURUSD to test pre-Brexit highs.
EUR/JPY - Pre-breakout structureVery tight and confined pre-breakout sructure on the 1 hour chart. If we get a breakout to the downside a move towards 111.000 is likely. A breakout to the downside is more likely in my opinion. If we on the other hand get a breakout to the upside we should see a move at least towards 114.500 (red arrows). A conservative play is to wait for the breakout and enter on a retest of the broken structure.
Pre-breakout structureThe correction following the last strong sell-off has taken the shape of a pre-breakout structure indicating that the sellers are planning on taking this pair further south.
First potential target is 122.000 followed by 120.000
