Treasury Secretary Scott Bessent nomination and mid-east deal should support risk on. Short term trend should continue going up.
Mid-East peace deal should keep oil under pressure in the short term. Technicals: break of trend line forming new lower high and lower low. Selling the 50% confluence level fib has potential.
First time I`ve seen 2 HS pattern inside one another. For some, this would be the ultimate bearish setup. As I dont rely solely on technicals,I am not trading this pattern myself but worth sharing
Buying the pound on support heading to NFP. In case the order gets triggered, will be closed before the event. Concerns with the job market in the US and rate cut expectations still favors the pound from my pov.
Rate cut expectactions plus deteriorating US job data should favor Gold upside.
Selling resistance - UK economy outperforms EU plus rate cut expectations favors the pound. I believe this level will continue to hold for now.
Technicals and fundamental align after yesterday JOLTS miss.
Down Trend - Break and retest SL 0.7265 TP - N/A First target 71.17
Long term trade, I believe Nikkei respected a really strong resistance and formed a double top with divergence. divided in 3 units with different TP, stop is moved to target hit as positions are closed. even though its a high risk trade offfers a great RR and I think its worth take a shoot.
Entered long 95.86 with stop 96.95. On this one used half my normal position size because I think the upside can be limited and the risk to reward is not very good, also retail traders are long on this position which does not contribute to my confidence. On the positive side we good nice support on RSI, trendline was respected forming a nice bullish candlestick...