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Rangebound

USDJPY-Weekly Market Analysis-May20,Wk4During Wednesday Midweek Market Analysis, we did talk about this didn't we? The double top was there at 107.54, I've shared that it has to touch 107.33 and wait for a rebound before I will be interested to short at 61.8%-78.6% rebound. See what happen to the market. Isn't that beautiful? Stay close in our community for every session so you won't miss out any of the trade ideas. Most important is to observe how the trade ideas were generated. Right now I'm waiting for it to retest the previous high for a shorting opportunity. The overall trend is still on a bullish setup.
Short
by RaynLim
S&P500 Choppy Previous Week - Potential further declinesPrice has been range bound now for the last couple of weeks and I wouldn't be surprised if we move lower in the coming week, falling into the 2700 handle as The TVC:SPX failed last week to create new highs. I think the market needs a strong catalyst to break the most recent high around 2900, however I wouldn't add a any new positions until we break the 3000 handle. Alternatively I think buys will look good around 2700. My overall bias for the marker remains bullish!
TVC:SPX
by Too_Ray1
CADJPY Not an overall reversal but prolly retracement?BOC coming near and most of the currencies having this comdoll as a base or counter losing against the other side currency example FOREXCOM:USDCAD , it all give us some hint that market participant was dumbing loonie before its meeting. It may have retracement upward but overall deciding for now the overall market reversal might have fewer chances before the BOC meeting which market participants aren't feeling good about seeing the market sentiment on this cross pair we can say. We can have an eye on this pair this new week and examine how price action behaves. Technically those red and green lines on the chart are areas of interest which serve as support and resistance and those level hold some weigh as the price will respect them. Talking with weekly pivot point man! price was too savage last Friday which breached through weekly s3 of the pivot. Price taking breath for now @ 80.68 and it seems more then half % has already been priced in before the BOC meeting by market players at this point which let me think at least once that 80.68 level might hold price for a while and short retracement upward around 30.20% Fibonacci retracement level or even 50% might be a scenario depending on how market players sentiment changes between the time horizon of current to actual meeting release of BOC. Are you a range-bound market environment lover? Honestly, did you care about the light blue rectangle box yet? hehe.. :) If price repeats or respect this market environment man it will add some sugar on this retracement plan! Break lower with strong bearish momentum from 80.68 or 80.079 should signal us weak comdoll and further continuation lower of price ignoring the retracement probabilities.
Long
by Anatta0
4
The DAX30 CFD is still range-bound between 13,100 and 13,300With the thin Economic calendar being as we start the trading week, and the upcoming Thanksgiving holiday on Thursday (for modified Trading Hours please check our website), we don’t expect much volatility in Equity markets and thus in the German DAX30 CFD. Still, we want to have a look at the technical side after the recent interesting price action over the last week: after the failed attempt to break above 13,300 points last Tuesday, but also below 13,100 points, we expect the DAX30 CFD to stay range-bound in the days to come. With the latest rise in tensions in the trade dispute between the US and China again (e.g. that the mood in Beijing about a trade deal is rather pessimistic and the strategy from the Chinese now switching to “talk only” and wait due to the recent impeachment developments and uncertainty around the upcoming US election), our neutral picture with an expected choppy price action although has a slight bearish touch. But even if we get to see a test of the psychological relevant region around 13,000 points, we consider the recent and very dovish stances from the ECB and FED and technically solid support region around 12,980/13,000 points as difficult and sustainably to break in the days to come. On the upside a break above Friday’s highs around 13,250 points makes a test of the region around 13,300 points and above of the pre-weekly highs around 13,370 an option. Ready to start trading the live markets? Then open a free account with Admiral Markets - 8,000+ instruments to choose from, some of the market's tightest typical spreads, and the world's #1 multi-asset trading platform. - - admiralmarkets.com Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
XETR:DAX
by Admiral_Markets
Uncle Sam wanna dip further tonight on employment update.Beware!The FOMC statement of yesterday quickly brought the pair down to the bottom from the top of the range. With expectations that we will see some job sector softening based on rising job cuts data and some weakness in yesterday's ADP Private Payrolls report (September's total for jobs added was revised down from an initial 135,000 to 93,000), it is possible to continue its intraweek trend lower if government data confirm the weakness. The momentum is in your favor, and if we see a poor update of U.S. employment and a currency reaction, it may be time for action. A warm number of U.S. jobs will probably attract buyers, not just fresh ones, but will probably result in profits from yesterday's fall so be careful with that. Cheers and have last week trade ahead ;)
Short
by Anatta0
Short at the top of a Range (USDJPY)Trend Analysis: Range-Bound Support & Resistance: The price right now is right at the resistance zone . Candlestick Analysis: Formation of some INDECISION CANDLES right at resistance which can potentially mean either of these 2 things: 1 - The market might be taking a short pause. OR 2 - The market might be at the end of the current short-term UP-Trend. Ways to take the "SHORT" trade: AGGRESSIVE APPROACH: Take the trade right now, with a little stop (just above the high of the range) and a huge target, i.e., a good reward-to-risk ratio. CONSERVATIVE APPROACH: Wait for a strong bearish close in a huge bear candle and then pull the trigger, i.e., a bad reward-risk ratio. RED FLAGS (WARNINGS): If the price continues to form INDECISION CANDLES and fails to give some HUGE BEAR CANDLES and instead, the price produces some BIG BULL CANDLES then that is the time when I exit my short trades. So, what I would suggest is taking trades with 2 lots with conservative ATR stops above the highs of 108.62 JPY (maybe at 109 JPY) and targets at - 1. MA value zones , drawn on the charts. 2. The bottom of the range (The support zone or the lows of the range) @ 107.000 JPY There are 68 pips (minimum) to be made in this trade (if this pair follows the trade-plan) with a minimum reward – risk ratio of 2 if we play our cards right. For traders who want to know more about my techniques or have any queries, you can chat with me directly through private chats. I will reply you back as fast as I can. Kindly like this post . Also, please do comment in the comment sections below . And I will love it if you follow me . Thank You! Disclaimer - All the ideas posted on these posts are published in good faith and for general educational purposes only. Satx98 does not make any warranties about the completeness, reliability, and accuracy of this information. Any action, you take upon the ideas posted by me, is strictly at your own risk. I will not be liable for any losses and/or damages in connection with the use of my ideas.
Short
by Satx98