Get started

Tradewar

EURUSD: Correction Becoming ComplexThe corrective structure on EURUSD is becoming complex! This is expected as the currency used to mimic one another. GOLD and SILVER are moving lower in the short term so EURUSD should at least wait for them before heading higher. The retracement seems to be unfolding as a double zigzag Elliot Wave pattern. This gives us the opportunity for a short term bearish move. If this count is correct, price should resume the rally once the short-term move is completed within the blue box area, comprising of the 78.6% Fibonacci of the impulse, and a zone where wave "y" will equal wave "x". What's your take on EURUSD? Let me hear from you!
Short
by Veejahbee
EURUSD Setting Up for Wave (iii) of 3 RallyPrice reversed from wave 2 low and broke out of the descending trendline in a five-wave pattern in wave (i). The subsequent move which is unfolding as a zigzag pattern has the potential to find a bottom within the blue zone comprising the 61.8% Fibonacci of the impulse, a retest of the broken trendline, and wave c will be equal 1.618x wave a, at the same area. If this count is correct, the invalidation level should remain intact, and price should advance higher in wave (iii). What's your view about EURUSD? Kindly let me know your thoughts in the comment. Thanks for reading! Veejahbee.
Long
by Veejahbee
6
XAUUSD Short SetupPrice broke down from the 1480 level due to Trade news and NFP News. The price broke through the liquidity region and closed below on the 4HTF Strong support is at the 1450 level, as the price consolidated in that area for a few days before breaking up In order for the price to move back to that area, a liquidity grab for volume is required to push the price lower. Expect some wicks into the liquidity zone and then further downside. Entry @ 1462 Sl @ 1467 TP @ 1450 R/R @ 2.4
OANDA:XAUUSDShort
by andy91kay
BIDU entry $105; hold for return to $200China stock Baidu is way down for the year and dipping this week on trade war news, but the company's earnings outlook has recently improved, with strong positive surprises on the last two quarterly reports. Based on analysts' revisions of the forecasts, I think this stock could see $200 per share again within the next two years. I should note, however, that December tends to be a bad month for Baidu, so rather than buy at the current price of $113, I suggest waiting to buy at the volume node at $105. (The average analyst price target is about $143.)
NASDAQ:BIDULong
by ChristopherCarrollSmith
ORBEX: Trump Triggers Recovery Trade while Pound Soars!In today’s market insights I talk about Trump’s latest comments surrounding the US-Sino rhetoric and why they have triggered a full or partial recovery in risk assets! Watch me analyse risk vs safety using Elliott Waves, as well as the incredible surge in the British pound! It seems that BoJo’s chances to win the elections are cracking fresh multi-month price levels! Will this continue being the case? Timestamps #EURGBP 1D 01:05 #AUDJPY 4H 04:40 Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
by Orbex
The glass broke 2 days agoAccording to the CICO report and Cashflow indicator, the selloff began two days ago. Hello friends, its been a minute. I try not to overwhelm you with daily noise. My intent is to give only important information. Trust me, if you heard from me everyday you would be annoyed. According to the CICO 13 MA on the daily chart, we had our first red day in about a month. What this means is the running sum of new money is leaving the SPY. More people are selling than buying; they want their cash. When a sell off begins the only certainty is nobody knows when it will end. I am a self proclaimed bear. What this means is I naturally prepare for results to be the worst case scenario and then I peel back layers of the emotional onion. Meaning, I think of the worst possible scenario and then question the reasoning. My goal is to uncover as much information as possible and then make a decision. I try to look at the good and the bad in totality. Being thorough in a decision is very important to me. However, the unique thing about the stock market is it has no feelings. Computer programs literally ignore emotion. Machine learning and AI are currently trading against you and they don't care about the impeachment or a trade war. I want our politicians to work together and solve problems. I think our present circumstances present a unique opportunity for unity. I'd suggest that border security is both digital and physical. Democrats want digital security from the Kremlin. Republicans want physical security on all borders. I suggest a comprise that all Americans want, complete security. Please focus on making life better for all Americans, not just half of us. I'd love to hear your feedback on the indicators listed. Leave them a like if they help you in anyway. I hope you take your money back today.
AMEX:SPYShort
by Johnny_Nickles
4
Gold up to $1500? Trade war seems to think so...Gold was recently looking really bearish as trade news started to flush out of the US that did not look to good for the remainder of the year and the schedule they had planned. A double bottom formed on Gold at $1447-1450 where price rallied and nearly hit $1490 on its way up. The idea here is that there is strong resistance at $1485-1490 based on the low volume node from the year to date volume profile and the previous structure support that is going to act as resistance this time through. Should that level break we can see a move into the year to date POC and ultimately the $1500, the $1490 area will act as support on the retrace lower as well. This upside can be further opened on gold if the trade talks continue to deteriorate over the next few weeks and it puts downside pressure on the US equity markets. If this area holds resistance and there are intraday rotations at the level then we could see another move down to $1445-1450. Disclaimer: This idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
COMEX:GC1!Long
by TRADEPROAcademy
A scaled entry plan for SOXLOne of the best long-term performers in the stock market is the semiconductor sector. With a strong likelihood that AI will change the world in the next 10-20 years and disrupt every other industry, there are big profits to be made in semiconductor companies that are heavily invested in AI research and provide the processors to power it. That said, the current price point on SOXL is pretty high, so it makes sense to look for a lower entry. With the market (and especially the Nasdaq) turning downward this week on China trade war news, I've developed a scaled entry plan for SOXL. There are four entry points: the recent highs around 198, the high-volume node at 159, and the recent lows near 131 and 90. Normally I triple my position at each level, but I doubt we'll hit the bottom two targets on the current trade war news, so I'm weighting my entries a little more toward the two upper ones. I already made my first entry this morning near 198.
AMEX:SOXLLong
by ChristopherCarrollSmith
6
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.
FX_IDC:USDWTI
by Orbex
Will currency wars replace commodity wars?In general, Monday began quite peacefully. China has been non-aggressive in its response to Trump who has signed into law a bill that supports pro-democracy protesters in Hong Kong. And it seemed that we were waiting for another boring day. However, Trump once again showed why we prefer the sale of the dollar for a quite long time. He began the day by accusing Argentina and Brazil of understating their national currencies value to gain a competitive advantage for their products in the US market. In response, the President of the United States raised tariffs on the import of steel and aluminium from these countries. Well, he continued with the Fed’s traditional accusations of overvaluation of the dollar and called on the Central Bank to weaken monetary policy and the dollar. Markets took it as signals for sales of the American currency. Moreover, the buyers on the dollar were not happy with the data on the ISM Index in the US manufacturing sector: 48.1 pips with a forecast of 49.2 pips. Recall that an index value below 50 signals a deterioration in business activity in the US manufacturing sector. Well, returning to Trump and his actions on Monday, in the light of such events, it’s premature to talk about the end of the trade wars. Rather, on the contrary, there is a reason to talk about the transition of trade wars to currency wars with the consequences that maybe even more devastating for the global economy. In general, the future looks rather bleak. In this regard, our recommendations to buy safe-haven assets remain relevant. Our basic positions for today are: finding points for sales of the dollar, purchases of gold and the Japanese yen, sales of oil and the Russian ruble. We also note that while the period of low volatility continues on the foreign exchange market, it is worthwhile to continue aggressive trading on the intraday basis without obvious preferences, for which you can use watch oscillators.
TVC:DXY
by Trade24Fx
ORBEX: Has the Santa Rally Started Already?In today’s market insights I explain why equities are not affected by reports that China wants existing tariffs removed in order to proceed with phase one of a deal! Perhaps, investors couldn't care less about the consistent back and forth between US and China before they go home for Christmas... I reveal how I expect the S&P500 to perform in December, and while at it, I also analyse the US index! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
TVC:DXY
by Orbex
COMPLETED 5-3 CYCLE SET UP EURUSD FOR MAJOR RALLY$EURUSD is setting up for a massive rally in wave 3. Wave 3 should exceed the high of wave 1 and might advance 1x or 1.618x wave 1. Price is sitting at a critical confluence level comprising of 61.8% Fibonacci retracement of the advance, and wave (c) equal 0.618 x Wave (a). I took a loss on last week because I was initially labeled the correction as a regular flat pattern. I had to re-evaluate before the market close on Friday, and I already open a new buy position. All these are in line with bullish activity on Gold, and BTCUSD. While the US economy will suffer. Expecting Dollar weakness!
Long
by Veejahbee
3
ORBEX: Trump Signs HK Bills, Denting Trade Optimism AGAIN!In today’s market insights I talk about Trump’s latest move to support HK protesters by signing two bills, denting optimism around the recent trade war optimism! The shift in sentiment was expected but how risk vs havens performed may seem confusing to some when looking at CADJPY and AUDCHF. Here I explain how the yen and franc are likely to perform against high beta commodity currencies Canadian dollar and Swiss Franc! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
by Orbex
3
GOLD UPSIDE IMMINENT ?Good morning traders As I sit at my desk this morning looking at my pairs I trade I’ve realized the need of “sitting on your hands” For me gold has been a very good example of this. Providing you with a 4H chart we can see that price made 3 drives into the low around 1450.00 . There has been multiple spikes based on trade developments that has just caused the market to build pressure. Where will this pressure take us in my professional opinion I foresee a new leg to the upside. Though before that I expect a drop lower into the liquidity region displayed at 1452.00 to enter this long trade. My overall target for this setup would be 1600.00 with a lower target at 1550.00 Remember to stay patient and looking at the bigger picture. Regardless of the news there has been no concrete DEAL and any SIGNATURES or MEETING to take place. So therefore investors do not like UNCERTAINTY and for these reasons I don’t see GOLD DROPPING. There’s many pips on offer 800+ pips towards our target so patience and psychology is key. Trade safe , cheers !
OANDA:XAUUSDLong
by lasglowfx