EXCELLENT Risk to Reward TLT TradeAs described within the chart, there is an excellent opportunity here with going long TLT (20 year bond etf)... Oil took a small turn down today (still expecting sub $50) and could be seen as an indicator of further downwards price action for risk on assets... Equities continue to grind higher with little news propelling it forward... Gold is also looking towards completing a 5th wave higher with TLT... Stop loss is indicated in red and target is indicated in green...
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Riskoff
USDJPY Potential CTL RetestI’ll be watching UJ along with US Equities & Gold to gauge whether or not this setup is truly risk off.
Ultimately, it is likely to bounce before a larger countertrend move to the downside. If no immediate rejection from the zone identified takes place, shorts could get rekt.
Whether up or down, a setup should materialize. Short term bullish, medium term bearish is what I’m thinking.
Side note:
We have Cheeto Bandito in the Whitehouse with dusty hand puppet Jerome Powell going absolute full send hyperinflation (QE )straight into equity futures.
GOLD Intraday: Bulls are still in play between 68/64Hello,
indices have a little room to raise (as long as risk off is maintained) after another fake news;)
this can help to make equal (in terms of first move) correction
I will look for longs between 68 and 64
stop under 62
target 1490/1510
Good luck
XAGUSD: Weekly downtrend might fail...I think the daily based decently here, and judging by Friday's bar, a trend might be about to gain traction.
Silver is likely a good buy from here onwards, should be a good addition to your portfolio, to hedge equities risk, and/or to profit in a speculative FX/Futures account.
There will be many trend trading opportunities in precious metals going forward, most likely showing a bigger edge on the long side when viable.
IF prices don't go any lower, the weekly trend will become a fail by Dec 23rd, in which case, we could expect a rally back over recent highs at the very least.
The situation in Hong Kong might turn investors toward risk off assets here, which might end up benefitting Bitcoin as well.
$USDCNH seems to have recovered, and might move higher, so, $XAUCNY will likely trend up as well.
I worry that the recent trade deal related optimism might end badly, at least in the short to intermediate term...For this reason I have sold my risk on positions and bought Gold on Friday, and will be looking to buy Silver at the open as well.
Best of luck!
Ivan Labrie.
ORBEX: Trump Dents Markets Days Before OPEC+In today’s market insights I talk about the massive Trump sell-off seen in the markets following his comments that a phase 1 trade deal could be now dragged later than the 2020 election.
Gold and Oil were affected by the pessimistic rhetoric as participants received the delay announcement!
The yellow metal appreciated while Crude oil jaw-dropped days ahead of the critical OPEC+ meeting in Vienna.
Watch me analyse the two #Commodities and what I expect in the short and medium-term using #ElliottWaves!
Timestamps
XAUUSD 1H 01:40
WTI 1H 04:15
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
EURJPY Intraday: short possible with 119 as first targetHello,
Does the house of cards begin to fall apart?
The answer will probably get closer to the end of the day (PPT FED Plunge Protection Team in action ??? LOL)
US China tensions increase is not properly priced in ?
Trump mentioned that a deal could even take place in the post elections in 2020
Trump also tageting EU ( France ? ) again .... but mixing signals here )
technically:
broken line + supply from higher TF
Possible short in-play (scaling or separately) around 120.50 / 60 and / or 120.80 / 95
stop above 121.10
First target 119.10 / 00
Good luck
EURJPY Likely to Decline towards 119.00 After Support Break!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
EURJPY (Cross) Likely To Decline Towards 120.200 level!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
USDCHF Likely To Test 0.97500 Level After Trendline Violation!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
XLU Buyers hopping in again?The defensive utilities sector has been on a strong uptrend since 2018 as markets trembled with uncertainty and bulls threatened to buck. After some profit-taking at 65 dollars, there is reason to believe that there may be another leg up as buyers seem to be returning with bullish price actions observed last trading session.
Short WORLast Night oil prices drop 3.1% just due to trade war concerns, this is why I'm looking into WOR. On the TA side, the weekly prices are below the 13 and 50 ema with the confirmation on the MACD as well. The daily price it looks like it got rejected by the 50 EMA with the confirmation on the Stoch. Looking for quick scalp below $13.37.
RISK OFF BACK ON?...CADJPY UPDATELast week on tradingview we discussed a potential short opportunity on CADJPY as technically
price found resistance at the head and shoulders pattern neckline that formed in July.
This weekend we saw the news of Saudi Arabia's oil refineries being attacked which could move the market
into a risk-off sentiment with safe havens such as JPY benefitting from that. We will look for this market
to continue lower into the daily highs of 80.75.
Navigating The Market : Simplified #EURJPY Sept 2nd, 2019The EURJPY had been in a bearish trend. The Yen had been bid due to safe-haven flows thanks to Trump and China trade war. I also believe what is happening in Hong Kong does play it's part as well. Retail sentiment generally bearish on the Yen.
The first thing happened after the Sydney open was price managed to break below and closed under last Friday's low (coincided with last week's low as well), followed by a bullish version of a dark cloud cover candlestick pattern (I genuinely forgot what its actually called!). There are plenty of sell stops recorded around the prices between 115.850 to 116.350. I looked at the order books, great % amount of opened buy positions there at 116.650 (the close price of that bullish candle), which I suspect 116.350 price is the averaged stop-loss price (Stoploss is a sell stop for a buy position, vice versa)
Sell orders above market price right now, which logically would be the place for everyone to put their sell stops as well as bearish continuation trade. That's too obvious for me and I bet the institutionals would take advantage of that and take the other side of the trade. Look, it could happen (price reverses at 117.00-117.150, but trading is a numbers game, my personal record of statistics suggest it has higher probability that the price would just break that sell stops above market price)
My game plan is to scalp a long trade if price taps into the sell stop around 116.350 to 115.580. If price continues to go up (without going down further at 116-115.xx) and respects the sell stop at 117.150-117.00, I will re-adjust my plan as that would be the classic continuation pattern for the underlying bearish trend. I do however anticipating the sell stops at 117.xx to be consumed and the price goes higher towards previous Friday's high. I will look to short if/when that happens. A further move higher right now ((without going down further at 116-115.xx) would be too bad because I want to Long EURJPY short term (because, as I've mentioned above, I am bullish Yen - in other words, bearish EURJPY) but i'm more comfortable if it taps into the liquidity pool.
Navigating the Market : Simplified #USD #CHFFriday low was broken coincided with an equal low few days before (check your own charts), if i was on my trading desk when that happen (price tapping in the green zone I marked) and my personal trading system triggers a Long signal, i would've been in.. well, it fits my criteria to enter a trade.(again, you would argue hindsight analysis.. but AGAIN, you mark these kind of levels in any pair, you would see it happen very often.. not always.. but very often.. and that is enough for me to be able to simply navigate the market without guessing work (which is bad in trading)
That little retracement during NY session started with bearish engulfing candle. Reversal traders would have latched onto that with a short trade believing its time to enter a trade into the continuation bearish move started on the previous Friday. Personally I would ignore that bearish engulfing candle because I couldn't see any stacks of retail buy orders (and by right, we would be already in a Long trade anyway)
What is interesting however, that little retracement was tested again the next day and formed the Tuesday Low (which for me is a significant price information). If theres equal lows on these day's low, then I qualify it as a valid potential liquidity pool.
Everthing else after that is self explanatory (and i'm generally a lazy person.. writing this takes a lot of effort for me)
/** This is not an entry & exit based trading strategy
VIDEO ANALYSIS: USDCHF TO CONTINUE LOWERUSDCHF formed a bearish engulfing candle on Friday as President Trump tweeted about imposing further tariffs on China.
The risk-off sentiment looks likely to continue this week with USDCHF gapping slightly on the open. We are looking to sell this pair in line with current market sentiment.
Go Short as NZDUSD Pullback Reaches Supply Zone
- Good risk-off opportunity as NZDUSD pullback after larger-than-expected rate cut by RBNZ
- Kiwi to be pressured by trade war
- In contrast to the RBNZ, the Fed was not as dovish as expected
This week we saw the RBNZ delivering a 0.5% rate cut, 0.25% more than what the market had estimated, and said that rates might go into negative territory. The kiwi plunged across the board but still managed to rebound slightly despite such surprise. But with such a shock and dovish message, I think it is hard for this pullback to sustain.
Furthermore, trade tensions are apparently worsening since last week. This will add more downside pressure to risk-on currencies (AUD & NZD).
On the other hand, the Fed delivered a mixed message last week which was not as dovish as anticipated. Until further news is released regarding the Fed's stance on rates, NZDUSD should continue its march downwards to around 0.6380-90.
AUDJPY - Sell on a Pullback!Risk Off!
After Trump's addition of tariffs on Friday,
China has gone on the offensive by asking state
buyers to halt US agricultural imports. We are
sure to receive a response from the US soon enough.
We expect further downside to AudJpy this week.
Sell on a pullback to Friday's low.
Dax - Risk Off in Play, Short at Market! Asian equity markets track declines in the US,
earnings and trade concerns on the radar.
Japanese equities underperform amid continued
uncertainty related to Korea/Japan relations;
Earnings-related concerns weigh on Canon Inc and AGC
Netflix declines over 11% following earning/guidance
We like continued downside today following
this risk-off sentiment. Short at market even!
forexTrdr USDCHF - RE SHORT ON RISK OFF AGAINMorning traders,
Similar to our Euro versus Japanese Yen trade we are looking to get short US dollar against Swiss Franc on expectation of a risk off tone into next week from a combination of price action on equity indexes as well as what we have highlighted here on our trading view chart work. A combination of price action and trendlines is coming together to point towards a turn lower on USD versus Swiss Franc.
Another clean and simple trade
Good luck trading
from the Team at forexTrdr
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GBP/JPY - Neutral (Risk Off) Downward wedge 4 HR ChartWaiting on Japanese session reaction to GBP pullback. (PatiencePays)
If there is a breakout off the downward wedge (Long position)
Take profit 1: 140.000 (Resistance & just below 50% Fibonacci Retracement)
Take Profit 2: 142.650 (fibonacci Retracement 61%)
Fundamentals affecting decision:
Long Position positive news on trade war negotiations and continuation in reversal of the DOW/S&P 500.
Short position wedge continuation (Risk Off) Safe Haven Currency considering the uncertainty in the market.
GBPJPY - Get Short on Pullbacks!Risk off is definitely the theme today.
Asian stocks and U.S. futures tumbled on Trump’s
Mexico tariff surprise, while reports of Beijing’s plan
to restrict exports of rare earths to the U.S. if needed
added to ongoing trade war angst globally. Data also
showed China’s manufacturing sector slowed more than
expected in May.
JPY crosses have been sold aggressively. Today we
favour only pullbacks in order to get acceptable
risk:reward.