Dow jumps 800 points on oil rally, decrease in coronavirus cases abroad “This is going to be the hardest and the saddest week of most Americans’ lives,” Surgeon General Jerome Adams warned. www.nbcnews.com Is the market's positive reaction this morning justifiable?
You can sell EURUSD, most likely to go down ATM due to bars passing EMA, and a discrepancy on the OBV.
The ETF holds Real Estate Investment Trusts. These leveraged vehicles will soon be strapped for cash as tenants refuse (or cannot) to pay rents, but mortgage holders and bank lenders will continue to demand payment. It is increasingly likely that some distributions will have to be cut which will make prices of the trading units suffer.
Hello Dear Friends! BTC has a bearish bias towards the next support at $6,000. It is a strong support level. If the price moves below $6000, BTC/USD may easily hit to $5,550 (SMA200 weekly). While the long-term bias remains bullish, the expectations on a weekly and monthly basis stayed mostly neutral. Like many other instruments, Bitcoin has a high...
Did I say 'controlled loss'. Yes I did! This is also known as a stop loss - for those who wish to short, and can afford it. If one cannot take the loss, stay out! You've been told. In other words if you lose your money, sue yourself. I do not avoid the issue of losses. I'm going to bring it up more and more - as it is the main thing to be controlled in all...
Hi traders, Keep your eyes on a strong break down for your sell
This swing illustrates my idea of the "two jurisdictions" in a particularly striking fashion. As though playing at odds, to use the infamous expression. By this I mean the choice of a variation, which you yourself do not necessarily have to consider a good one. The premise consists of setting your opponent a difficult problem, or distraction. And Gold is the...
I explain why there is a long position in this drawing on my probability estimates - taken from technical indicators. Note carefully the word 'controlled loss' means stoploss which means that's money one is prepared to lose. I never avoid talking about losses, as it is the most important thing to control in trading. Disclaimers : This is not advice or...
Range Low Reached Need the bounce signal Then I'm long til $14,8 Low Risk must be used cuz we know this times are crazy
The pair is performing with little trouble for sellers, it has been absolutely hammered as Global Equities and Yields come under further pressure via Coronavirus impact. After a conversation with @FT_Lexicon we can discuss the importance of flanking and comparing with EURCHF is vital here, we can realise why there is not the same room for SNB intervention as there...
Further to our previous article , the JPYBASKET broke out of its flag formation and headed towards the pattern's target. This, as risk-off sentiment dominates markets and safe havens, like the JPY, benefit. However, it is worth noting that the RSI has pushed down from the 80 level (blue rectangle) in a pattern referred to as a RSI failure swing top. The failure...
Sell AUDUSD, expecting AUD weakness ahead in the coming weeks. Current risk sentiment and haltering economics could harm the aussie.
Depending on the volatility we can see a short term entrancement back to one of the recent Fibonacci levels.
Not a signal - a retracement is expected of the zone. From here we will be able to determine where the price will move next. Await the confirmation of a rejection or break through. Targets are show where the price can move to in the coming days. Supply and demand is a great technique to apply - NAS100 currently has outside fundamental pushes and pulls on the index.
Because of the US Markets performance, I am hoping for a sell off the NZDUSD to dip to the the virsus concerns Although the support for buy seems strong if it does not break the resistance level within the next day Then as the Mighty Us30 falls so will the NZDUSD just in case if i fall I buy limit at the resistance point to atleast catch the uptrend So far the...
GBPNZD formed a double top on the intraday time framework Technical outlook Double Top Channel Trend SELL 2.0470-2.0450 TARGET 2.0360 2.0320 SL 2.0490
A masterclass performance from buyers, well done all those holding longs from 1250 and 1350... I know many here who have been riding the pig, that have kept working longs because the market said it worked and it paid! This has been one of the easiest rides in Gold in all my years of trading, the easy part of the rally is now finished. We are coming to the end of...
In the realm of swing trading, the struggle for liberation is forever prevalent. It would be wrong to ignore the opening move here at 1205; This kickstarted the entire move towards $1305, once outside of the wedge buyers took an "anything goes" approach to the price as risk began to evolve over time. While the triangle from an elliot wave perspective was...