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Rangebound

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
USDJPY - The pair could be looking to go Up now!This is the analysis for 4 Hour Chart of FX:USDJPY *TREND ANALYSIS* - 1) The price of the above-mentioned pair made a significant low on 24th September o'19 which has not been broken yet. So, it can be assumed that the BEARS are still not in control of the market yet. 2) The price is below the MAs , but the short-term MA, represented by the blue curve on the chart, is still above the long-term MA, represented by the orange curve. 3) The BEARs made some huge black candles while the price was coming down from the resistance, represented by the red-broken lines on the chart. 4) Point no. 2 and 3 could mean that the BULLS might not still be in full control of the market yet. This could mean that the price could be in a range-bound market which means our best bet would be " Buy the lows/supports or Sell the highs/resistances ". 5) As we can see in the above figure, the channel trend-lines have been drawn on the chart with blue-dotted lines. This could mean that the price is still showing some bullish signs and the BULLS are in control on a longer-term basis . 6) This chart of USDJPY, on the other hand, shows a resistance trend-line with a blue-dotted line. The most recent resistance that the price took from this trend-line was on 1st October o'19 and the price dropped very fast with huge BEAR candles. The price is now near support again, near the low (106.960 JPY) of 24th September but hasn't broken that low yet. This means that even though the price fell from the resistance trend-line, the BEARS are still failing to break the significant low made on 24th September . This suggests that BULLS, on a short-term basis , can take control of the market at any moment now. *TREND ANALYSIS* Conclusion - The market is in a SIDEWAYS-cum-UP trend . SIDEWAYS on a shorter-term basis and a probable UP trend on a longer-term basis. If the price breaks the resistance shown on the chart with the red-broken line, we can then say for sure that this pair ( FX:USDJPY ) is in an UP-TREND. *SUPPORT AND RESISTANCE ANALYSIS* - In this chart, we can clearly see that the price is now at a confluence of both the channel trend-line support and the horizontal support . The MA-Supports are also near the price. So, we can assume that the price is cheap now. *CHART PATTERN AND CANDLE ANALYSIS* - 1) The price could be trying to make a Double-Bottom right now. Plus the price fell to the Support Zone with a Steep slope which could mean that the price is now OVERSOLD . This increases the chances of the market rising from here. 2) The bear-bars are big and there are still no signs of strong bull-bars . Plus there are still no indecision-candles . Candlesticks are the way to gauge the short-term momentum of the price. Indecision-candles tell us that a short-term trend might be losing its steam . So, we can say from this, that the price is still not showing any signs of stopping its down move (on a short-term basis). *CHART PATTERN AND CANDLE ANALYSIS* Conclusion - The price of FX:USDJPY might be at a support-zone but there are still no candle-signals that could potentially trigger a trade. Trade Triggers : ****Important 1. The price of USDJPY is already at a point where one can go long right now. ----> Aggressive approach 2. But there is a saying that goes like "Prevention is better than cure." So, I, being a conservative trader , would suggest that we should wait for the market to retest the low that will be made eventually. I would like to see the price failing to make a new low after that which would further prove my theory that the market is not willing to go down and that would trigger my long trade . PLUS , I will like to see the market making some big bull-bars and rejection of the lower prices with big shadows which would further suggest that the bulls might be trying to take control of the market again (on a short-term basis). I will also like to see the price going over the MAs and then taking support from those MAs to go long. I don't know which one of the above-mentioned approaches is correct. Sometimes the aggressive one is correct, sometimes the conservative approach is the one we should go with, and sometimes both the approaches are proven correct by the market. Both approaches have their pros and cons. *RED FLAGS* The only warning is breaking of the significant-low, i.e., 106.960 JPY, made on 24th September. This will then break my formations (market-context) and I won't take a long-trade then. I will then wait for some more price-action to decide what are the steps that I should take. The best way to "TRADE MANAGEMENT" would be taking trades with 2 lots with appropriate stops below the significant low @ 106.960 JPY and targets at- 1. 18th September high at 108.450 or 108.5 represented by the broken red line. 2. The 2nd lot to be squared off at the next Resistance levels at 109.000 or it will be left with trailing stops at appropriate levels . This trade can have a reward – risk ratio of 3 or more if the cards are played 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.
Long
by Satx98