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DJI/US30 Trade Idea - Big Short - Black Monday?After the peak comes a correction. Hitting 27000 could have meant steaming on to 30000 BUT a major reversal came on Friday could have been short-lived, however, break in trendline too severe following economic and political tensions beyond a traditional profit taking session. Highly speculative signal that the market will correct further to below 24000 for TP1 and then 23000 for TP2 before possibly even hitting absolute short target of 20000. Entry dependent on early trading so any rise to a fake high to say 26500 is worth waiting for until correction comes and enter at 26000. Otherwise enter anytime sell off begins (e.g. 300 point move downwards). The next 2 business days will decide the course and full event may take 11 days to fully complete. With a dramatic short who knows ? Is confidence in the US really fragile or is it pure profit taking from the new recent high before the march to the next new high? Time will tell so check your charts and hold on for the ride! Typical caution required so risk no more than 5% if guidance needed and when in clear profit move your stop loss to consolidate any gain on day 1 to ensure complete freedom of a risk free trade. Please let me know your thoughts and acknowledge your results if at any point of 15th June you enter this trade and win? Losses are part of trading and this is my fourth prediction so running at 3 out of 4. Good luck. Let's make history and if you like these tips please contact me via dm and we can get you educated to make more money at IM Academy. Become a Master Trader today!
DJ:DJIShort
by PipNubian67
2
USDJPY Remains Bullish Above 108I have been bullish over the last few days and continue to be so in the 108 to 108.47 interval. The price might reach 109 with the trend being bullish. Visit www.londiniumfx.com to know what Alex is trading, and reach out to api.whatsapp.com to be added to Alex's free WhatsApp Channel. Alex also offers a free educational course worth £1000 via ATFX UK. Contact us via Whatsapp channel for more info. More free research: www.investingcube.com ---------------------------------------------------------------------- Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. This analysis is provided as general market commentary and does not constitute investment advice.
Long
by TradingBullAI
GOLD vs. SILVER COMPARISON - SELLERS STILL ACTIVEHi traders, here's a quick comparison between silver and gold. Silver has reached the upper channel resistance and is forming a bearish pinbar pattern, signaling sellers are joining the market again. The resistance aligns with the 61.8% Fib level which could provide additional selling pressure and lead to a continuation of the recent downtrend. Gold to follow silver if silver drops? Let me know in the comments! Hit the "LIKE" button if you want to support our work, thanks!
TVC:SILVER
by MujkanovicFX
HERE'S WHY GOLD IS STILL BEARISHYou may remember our H&S pattern idea in Gold a few days ago, and this is an update on that setup. The yellow metal broke above the H&S neckline last week which didn't act as a resistance for the price. However, the pattern is still valid in our eyes as the price is facing difficulties to break above the 61.8% Fib level, signaling a possible new lower high in the making. Last three trading days formed strong pinbar patterns, each rejecting higher prices currently. Since the H&S pattern is a reversal pattern, I still see a lower low and a possible lower high in the chart, which means we could get a strong down-move in the price from current levels, especially if the US dollar continues its bull-run.
FX:XAUUSDShort
by MujkanovicFX
EURUSD I believe moves more on dollar revaluation .Wow! What crazy short term market moves!! That right on a day like today where the EU zone reported weaker economic numbers but seemingly the EUR held up in value until news / rumors / or presidential Tweet on social media, announced that the China trade war was relaxing just a bit. Pushing tariffs out which gave the impression of relaxing the hard line trade war stance and a heightened possibility for a trade war resolution... And Poof! EUR weakens USD strengthens, and a lot of newer traders are asking themselves seeing the sudden moves “Now what?” Understand what is most likely to happen if and when this trade war really ends. Today’s moves were nothing... First let me say I don’t have all the answers. I’ve made most if not all the kind of mistakes you have made. I lost some money today on the EURGBP trade idea I posted, but also was on the right side of a win-fall calling the GBPCAD move right. What I’m saying is just my personal opinion, my thoughts, and observations, and how the EURUSD has moved this summertime period. And it is my belief that the EURUSD should it be on the side of strengthening and moving up—that a move like that is mostly due to government dollar revaluation, and not due to economic outlooks. On my daily chart you can see the EURUSD has been over all, in the long term grinding lower. Recently Trump tweeted how he wanted lower rates / lower dollar valuations, and Poof! EURUSD created a false breakdown—jumping into the 1.1200’s and there began stalling. Economically what really changed in either economy? Both the US and the EUR zone were starting to show signs of a global slowdown. What I’m seeing is the markets have carved out a channel showing the extremes of valuations within these times of nations attempting to use politics to manipulate currency values and keep economies going despite politically overspending. So what does this have to do with trying to trade the EURUSD? As traders we value trades as to where are the highest probabilities of a move happening. Up or down being in the center of a daily channel I’d say there is a 50% chance of it going up and a 50% chance of going down. No real trade probabilities. Of coarse as I explained already political Tweets can move markets. So as the EURUSD moves down towards the lower channel trend-line the odds of a bounce goes up. Why? Because president Trump needs a weaker dollar in an attempt to get a more favorable out come with the China trade disputes. And as the EURUSD goes down towards the lower trend-line, the probabilities of crazy tweets increases, and the current market outlook for the Fed cutting rates in the US more—should push the pair higher. On the top end though what conditions could take place pushing the EURUSD towards 1.1350ish ?Certainly not in terms of true economic comparisons between the 2 economies should the EURUSD sustain that kind of valuations. Only a successful political policy of the USA government to weaken the dollar could in my view. But then who am I? Being in the middle of the range and having a higher news risk to trading this pair, makes this one a bit more risky to trade for new traders. If you are looking to trade it... trade lighter and with smaller size. Use tighter stops ( thus risking less), shorten profits target zones ( don’t have unrealistic dreams of a favorable bigger move, yet be aware of a large unfavorable move that can happen with just a Tweet. ) Those should be the lessons of today’s market moves. Good luck to all your trades. In markets like today, you either make dust or you eat dust. All the best.
by PipsTradingClub
2
EURUSD - Long - 50% to 61.8% retrace zone Hello all - DuncanForex here with another trade idea. I am looking to re-enter EURUSD following the trade I took in the related post below. Price is currently in the 50% to 61.8% Fibonacci zone of the retracement of the last leg higher and is cycling nicely I want to get in early in the week so ideally price is not near my entry point for when NFP arrives on Friday. As I am bullish XXX USD pairs and bearish USD XXX pairs With interest rates cuts hovering over USD for July - I expect that will ultimately increase USD weakness and for this pair send them higher. Thanks for looking Cheers Duncan
Long
by UnknownUnicorn483829
AUS200 breaking higher from bullish flagFX:AUS200 Weekly – Bullish channel with bearish divergence Daily – Bullish flag and overbought 4H - Breaking higher from bullish flag - looking for re-test to set longs Buy AUS200 at 6560. Stop 6520. Target 6660 Overbought and bearish divergence on longer term charts could stifle this move Good luck! Check out our FREE Telegram group for trading ideas and signals - t.me For FREE trade ideas and signals, education, ask the analyst feature and much more, sign up to Signal Centre.
FX:AUS200Long
by Signal_Centre