Might go up, might go down. Probably up, but if it isn't following the trend line, or exits the box under the trend line, probably sell. Kinda a gamble.
Risk markets remain on the back-foot with no one wanting to get caught badly on the wrong side via COVID-19 haven flows. You can see this in USDJPY, after the awful GDP prints (still yet to see virus impact) the reaction was so muted. Markets remain at the mercy to gyrations in patient and death counts, I am sticking with the shorts from 109.7x/8x although by no...
Here a good time to update the EURCHF as we break through the 1.062x lows as sellers are aiming for complete capitulation of their opponent (as far as the flash crash is concerned there is very little in terms of support here if we get a daily breach). The plan was (1) Forcing further selling EURCHF: (2) The extension leg was released and sellers advanced in...
Hi traders, my bias on NU is currently short; I am running a position on this trade and intend to hold only for a few hours as this is a intraday trade. The reason I took this trade is actually quite simple, NU is currently on a downtrend destroying all previous support levels (major levels). Also absolutely destroying a very strong weekly trendline. With this...
ISRG dropped sharply from its recent new all time high. The stock is struggling with heavier large lot rotation action at this level. Volume is too low and Balance of Power shows heavy rotation.
GOOG buybacks triggered after a big gap down, on a down market day. The stock is still at risk for more downside action unless buyers move in soon.
AMGN has a Flat Top Formation that is breaking to the downside during earnings season. Stocks with weaker earnings are under High Frequency Trader triggers to the downside. The weak run up reveals the large lot selling at this level.
Check my previous post as to why, but here we have the same scenario. Lets see how both pairs play out. Previous post -
As we can see the price is at the bottom of our channel where we are expecting a big bounce. We have great divergence to support our idea. Good luck to everyone!
We are finally breaking this big wedge I have been monitoring for awhile. Last week we had a big $TLT print that was just huge. Jan 14 📈 $TLT 📊 6,683,190 😱 💵 138.82 We are well above that now and I think a big move is coming.
Very nice play coming here, will either be taking the entry as shown or will wait for the brake of the flag. Using a smaller entry will be looking to add in depending on how we play out in the Asian session. Will be updating as we go along
Iran will most likely retaliate and perhaps the first move will involve the disruption of oil shipments through the State of Hormuz. But, what will China say to that, given nearly 50% of its imported oil comes from the Gulf region? For now, risk is scaling back and that’s obvious from yen outflows. Watch how the euro and dollar could perform over the next few...
On the risk front, JPY demand running out of steam from the initial knee-jerk via Iran tensions and asking for a squeeze. I am tracking 108.6x on the day to add to my shorts. Targets below are located at 107.3x support while stops can be kept comfortably above 108.9x resistance. JPY inflows will continue to come via risk as long as BOJ remains on hold and...
A nice low risk trade at the end of the year. Wish you all a profitable next year!
Hello Traders, Here's a signal! EURCAD SELL 1D CHART STOP ORDER STOP ENTRY: 1.4596 SL: 1.47894 TP: 1.43400 EXPIRATION: 1 Week Estimated time to complete: 30 days (Use Low Risk)