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Professionaltrader

Dow Jones Index Technical AnalysisLet me start off by saying I hope each and everyone of you are safe and healthy. Some of the craziest s*** has happened within the last few weeks including oil futures going negative -44 per barrel. While everyone is distracted with the FED throwing in fridge after sink and the economy halting, a lot of people seem to have forgot about earnings. Knowing earnings was just around the corner after this insane dump, any experienced trader would have know prior to earnings that volatility and typical speculation would pick up. That being said, all this has resulted in a pretty massive rebound (DJI 29%) (SPY 26%). These next few days are extremely important, whether you are planning on building a long-term chair or play some options. All I have to say is take advantage of the opportunity presented and money will come eventually. I'd love to hear what you guys have to say! Share your charts, thoughts, and feedback below. DotcomJack | DO NOT TRADE THIS
TVC:DJIShort
by DotcomJack
1
USDJPY To Continue It's Rebound The rebound from 101 continues and the market got to the within 10 pips of the trendline. The bias is on the upside and if we break the trendline and get a buy setup then the upside will be confirmed. Levels to watch out for; 1.) Previous structure high which will now act as a minor resistance @ 112.20 2.) Resistance at 114.60 (Oct. 2018 High) 3.) Resistance at 118.60 (Dec. 2016 High) Thank you for you support! Any comment is welcomed! Keep It Simple!
Long
by Joseph_Yabwa
7
USDJPY To Continue It's ReboundThe rebound from 101 continues and the market got to the within 10 pips of the trendline. The bias is on the upside and if we break the trendline and get a buy setup then the upside will be confirmed. Levels to watch out for; 1.) Previous structure high which will now act as a minor resistance @ 112.20 2.) Resistance at 114.60 (Oct. 2018 High) 3.) Resistance at 118.60 (Dec. 2016 High) Thank you for you support! Any comment is welcomed! Keep It Simple!
Long
by Joseph_Yabwa
Bulls Will Take A Short Break! LONG BTCUSDPlease like, comment and share to support my work fellow traders. So we finally managed to get a slight rally from bitcoin in the past few days and now the market has into previous structure support turned resistance and I think we will get a slight pull back before we continue going up. Now how low this pullback with be is anybody's guess, we could go all the way and retest the previous lows but I don't see that happening, I think will get a slight pullback in the form of a corrective pattern and then we will kick on from there so let's see what the market will do.
BITSTAMP:BTCUSDLong
by Joseph_Yabwa
4
Slight Recovery Then See You Later! Thoughts On GBPUSDPlease like, share and comment to support my work fellow traders! The last few days has been really hard for the pound because it's been taking a huge beating from the dollar and we are in a situation where I think the pound will make a slight recovery until it gets to the trendline or the previous structure high and then the dollar will start swinging again so if you are looking to short this market then that will be the perfect opportunity to jump on train.
Short
by Joseph_Yabwa
What To Do With Gold! XAUUSDPlease like, share and comment my fellow traders! Gold has been in a steady decline over the past few days and now it looks like it has reached a minor support zone so I there could be a reaction at this zone, now the question is, are gonna make a complete U-turn and go back and retest the previous highs or will the market just make a slight pullback before plunging to the major support line down below? Regardless of what happens, one thing is for sure, the market will give us a long trade from this level.....
FX:XAUUSDLong
by Joseph_Yabwa
7
Gold Short SetupFor the majority of this week, gold was holding around the 1650 zone. Finally it presented an opportunity to for me to enter a short position, offering a 2.5:1 R/R. I targeted the 50 ema on the daily chart, as this was a reversal (counter trend) trade, which took profit a few hours later. Currently, the markets are extremely volatile due to the media reports on the virus. My advice is if you are not experienced, wait until this has all blown over before taking any positions! Have a great weekend! P.S If you want to learn more about how I trade, drop me a DM on here or on IG @saxonpooley!
OANDA:XAUUSDShort
by ProsperousTechnician
If You Can't See It, Put Some Glasses On! SELL BTCUSDWhy do people think I'm crazy whenever I make a prediction on these cryptocurrencies? It's funny because 95% of my predictions on the cryptocurrencies are right so I wonder who the crazy one is. It's a shame because It hurts me to see that there's a lot of people out there who don't really understand structure and technical analysis. I showed you 2 different things that bitcoin could do after breaking 10,000 and one of those scenario was that bitcoin will come back down to retest the lows at 6,400 before we begin a long term bull trend and guess what, it's happening now. I don't care what your indicators/moving averages say because I understand structure and 9/10 I will get it right, Please check out the 2 ideas below before you come at me with your counter argument.
BITSTAMP:BTCUSDShort
by Joseph_Yabwa
16