Possible great EOSUSDT shortI see a huge short opportunity on EOSUSDT with a low risk/reward ratio!
Suggested risk: 2% of capital (maximum leverage ofcourse ;) )
Enjoy!
Risk
Good ATOMUSDT short opportunity spotted!I've spotted this great short opportunity on ATOMUSDT!
This can definitely deliver big time without having to take a big risk
Enjoy!
Best Ideas for Stocks on NFP FridayStocks are absolutely crushing it, continuously making new highs. Watch for a bit of a squeeze, especially before nonfarm payrolls. As with bonds, a bumper number could set stocks rallying further, just watch for profit taking. A bad print may also be good for stocks because it would warrant more intervention from the Federal Reserve. If we do see a pullback, watch for support around 3100 from technical and Fibonacci Levels. Note that the Kovach Momentum indicators are solidly bullish so wait for a dip to enter a long if you are bullish.
Stocks Topping, but Facing ResistanceStocks hit a high in perfect alignment with the Fibonacci extension levels at 3127. Watch for a technical retracement down 3096, or the psychologically important 3100. The Kovach OBV is still strong, but the Kovach Chande shows a dip implying that this could be a good time to get long if you are still bullish of stocks. However, after such a rally a retracement or ranging period is due. The Elliott Wave suggests we will either range or have a further correction.
0.618 Fib Level Diverging 100 & 200 MA?Wow! risk on again! fantastic to see such optimism on the opening of the economies across the globe.
0.618 Extension hit if there was a point for a reversal it is now but hard to go against the risk on tone movement into 137.000 would see a potential target of 140.000 although hard to contend to with BREXIT talks resuming
For the Bears I would suggest a test until the 137.400 mark SL have a look at futures trading and see what the mood is like in the EU session which is packed with news TP for this could be the 135.000
Myself I learned never get in GBP/JPY's way when its in an uptrend or you will be wiped every time.
EUR/NZD - Long - Bearish Reversal I always like too think the charts don't lie and with the ECB meetings tomorrow all signs point upwards.
Although, despite short term success in this diverging channel for NZD that is largely due to the risk on tone across the markets.
The top tier 1.82000 resistance is a potential TP with both 100 & 200 day MA looking to diverge for potential change of direction to either side the ECB news could prove a 100+ pip winner by US session.
For you oscillator fans the RSI indicates its oversold but further risk on tone could see us move into range from the upside breakout earlier this year. The bearish reversal touching the bottom of the channel points to a test upside.
GoNoGo Charts sees investors embracing riskOften used as a proxy for risk, the trend in the ratio between junk bonds and treasuries can be very informative.
The GoNoGo Trend indicator shows that during the month of May, the ratio was able to battle out of the “NoGo” trend that it had been in since the end of January.
This ratio tends to lead stocks as it did when it signaled investors to be “Risk off” at the end of January.
Interestingly, stocks rallied so quickly out of the lows in March that the JNK/TLT ratio flagged “Go” later than stocks.
This tells us that investors were slow to accept that the rally was as strong as it has been.
Long term, looking at a weekly chart, the GoNoGo charts show risk is still “Off”, with the GoNoGo Oscillator riding the resistance line from below.
What is the Best Way to Trade Stocks This Morning?Heavily risk-on news drove prices up to make new relative highs. Currently, they are facing resistance at the Fibonacci extension level formed by anchoring the upper and lower bound of the inverse head and shoulders from which they broke out. Watch for a retracement (morning squeeze) at least to 3078 before breaking out higher. The Kovach OBV is very overbought at this point supporting the fact that you should wait for a pullback to enter a long position.
GBP/JPY - Risk On to Start June 2020Don't be fouled by optimistic start to June 2020 be careful of any extension of current rally to the upside with obstacles approaching at 137.000
1. 200 Day - Daily MA (Blue) approaching at present testing the 100 day - Daily MA (Orange).
2. Fib Level at 0.618 will not stop Rally but potential reversal on fundamental pressure from investor attitude and BREXIT spotlight
The typical weak performer GBP in the summer months has recouped from low levels of 130.000. However, reopening economies and progressive BREXIT talk will spur the rally above 137.000
Trade idea:
137.000 Entry SL 137.300 dependant on progress of the rally.
Failure to beat 100 Day MA could see a short at 136.000 with SL at 136.3000
The Best Yield Curve Tutorial You've Ever ReadThe two year has remained relatively flat since this week's open. However it did gap up significantly. Why is the 30 year falling (see linked article) while the two year remains consistent?
Bonds of different maturities care about different things. In particular, the shorter end of the spectrum cares less about the long term effects of inflation and the general position in the economic cycle than the long end. Why? Those effects will be felt less in two years than the short term effects of interest rate decisions or the sentiment about it.
Conversely, the 30 year has more time to price in these factors. It has to take in the considerations above, and more. Hence why the 30 year is tumbling right now, as it's more sensitive to risk sentiment and longer term factors.
Don't forget that bonds are fixed income products, meaning they pay a yield that is inversely proportional to the price. The difference between the yield at either end of the spectrum is commonly referred to as the yield curve . The yield curve could also refer to a plot of the set of all yields on treasury products of various maturities.
The difference between the two ends could narrow, or flatten . It could also steepen . Furthermore, that flattening or steepening could be driven by either end. In this case it is led by the long end. Since prices are decreasing (on account of risk on sentiment), we call this a long end led bear steepener .
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ZB Wedge Breakdown off Risk-On SentimentZB has apparently broken down from a bear wedge pattern. The level 177'30 marked a the lower bound of a significant range and this level will now provide resistance, where it once provided support. The Kovach Chande has turned negative, whereas the Kovach OBV is still relatively neutral. The bear trend will be confirmed when the Kovach OBV, which measures longer term momentum, turns south.
Bonds Trading Sideways: What's the Best Way to Trade That?Bonds have traced out the *exact* range I spelled out for you Friday. Watch for some resistance 138'31, especially as more news of riots diffuses into the markets. The Kovach Momentum Indicators have been largely neutral. We are still in a sideways Elliott Wave correction phase, and this will likely continue unless the markets are convinced we are back solidly back to risk on. This is not likely going to happen today or perhaps even this week due to the social unrest in the US that is infecting the rest of the world.
CADJPY on the verge of break a bullish channelI am positioning to buy CADJPY because of
> Potential bullishness in Oil price which is a plus for CAD
> Global improvement in containing COVID-19 which implies more economies will be opened and investors will start to dump safe haven like JPY.
I am not ruling out the weak legdown due to Hongkong Riots and Minneapolis Riots which will likely worry investors and improve price of safe havens (JPY and Gold). I think they will be for a short time and will provide opportunity to buy at the bottom.
Top Strategy for Stocks TodayStocks could really go either way. While the S&P 500 is looking "toppy" with a red triangle on the Kovach Reversals Indicator, the Kovach OBV (blue indicator) remains pretty bullish and there is a pullback in the Kovach Chande. Those of you who have studied these indicators knows that is a long signal.
We are in a relative vacuum zone, so it is likely to see a decisive move either way. If you have a long-side bias, 3055 is a good target. If you are a bear, check out 2991.
Top In Bonds Reached?Bonds are having trouble making higher highs. Both Kovach momentum indicators have levelled off or retraced, and we have a red triangle at the high of that candle at 139'10'5, indicating a pullback is coming. Look for ZN to establish value in the highlighted region. Additionally volume has dropped off, and we appear to still be maintaining a sideways corrective phase.
AUS200 (1d) - probability south. No loss no gain. This is a risky position, obviously.
I do not know if it will fall or head north. My estimate is for the south.
Heavy losses may be involved.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
ridethepig | Gold Market Commentary 2020.05.26It seems an appropriate choice of the moment to advance the discussion on Gold. As in the previous swings, seems to me more in accordance with the needs of protection from governments than anything else:
Once we cleared the initial swing, the attempt to mount another attack at all time highs has been challenging. The profit taking from buyers who look to cover losses via liquidations in equities and CB printers on full blast has denied the penetration of $1,800.
The opportunity for another round of buying is here, risk is threatening on all fronts. My impression is as follows..given the latest escalations from China and HK and with US Equities S&P taking 3,000 back it is an important ☑️ for the headlines ... means time to start paying attention. Unemployment soaring while equities rally...This leg higher should help us recognise the relationship between Gold and risk.
For the technical side, here tracking for the ending of wave (v) and a beginning of another 5 wave sequence to the topside towards an initial $1758 flow target. To the downside, $1712 support will keep moves lower limited.
USDJPY => Short Long where Market Move Nextwe appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
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EURAUD => Short Trade Opportunity Activated we appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
If one of our idea can help one other person , then to me, that is success. Strive to be authentic, not perfect. Share your Ideas in Comments – that’s what enables Traders to connect. And know that there is always someone listening –
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if You Need Trading guide, any Notes, any information about trading Feel free to message us through Trading view.
Check today analysis
___________________________________________________________________________
Before trading our ideas make your own analysis and research properly.
Forex Trading are leveraged product & can result in the loss of your entire capital.
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I’d like to close with a big thank you. Thank you for reading and for helping us to grow. But most of all thank you for being a part of our journey…
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Trading Fleet Team
Gold on the verge of a slight legdown to 1680'sWith improvement of risk there might be fund flow out from Gold to other risk assets. This might pull back the advancement in the price of gold in the medium term. I see huge opportunity to sell gold at the current level with taking profit at 1700, 1690 and 1680.
GBPJPY IDEA - 20 Pips Risk 200 Pips RewardDo your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NZDCAD => Strong Resistance Market at Bounce Backwe appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
If one of our idea can help one other person , then to me, that is success. Strive to be authentic, not perfect. Share your Ideas in Comments – that’s what enables Traders to connect. And know that there is always someone listening –
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if You Need Trading guide, any Notes, any information about trading Feel free to message us through Trading view.
Check today analysis
___________________________________________________________________________
Before trading our ideas make your own analysis and research properly.
Forex Trading are leveraged product & can result in the loss of your entire capital.
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Dollar index signals the potential upcoming USD weaknessWith improvement in risk environment, we expect the DXY to weaken which will imply the Dollar might experience a sell-off against majors (EUR, GBP, AUD, NZD and emerging markets (MXN and ZAR)
