Here's a thing scenarios are created by market makers right? So the idea that making sense of what goes through in market is by going through the macroeconomics and every single factors. The bigger picture must be implemented from a wider scale of things. The likely scenarios are we know that markets moves in three ways, upward, downward and sideways. This...
Upside rally continues but Equal highs are close by creating equilibrium of positions . Liquidity is targeted to the upside but sellers positions are bearish heading down. Bearish market for now until a change of character or major confluences occur eventually rally the upside will occur then. Good luck Traders.
Short term Long is needed for Shorting long term as retails buy institutional sells . A prominent Divergence has occurred and multiple confluences are taking into effect. In the Long term as DXY is on a high point of trajectory we can see Gold spot lagging on bullish momentum. Therefore for the short term my bias is Long and we'll wait and see what the...
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A push to the upside is imminent. German DEU.IDX looks surprisingly good with the ECB spending and stimulus at way . Structure would have it that points upwards, although bearish momentum can occur. My bias still bullish effective immediately however a good risk to reward management is needed like every trade just in case it doesn't work out. Good luck Traders.
Two most likely scenarios at play; Bulls will still take charge of the initial upside fresh from a pullback driven to for the yellow metal to shine. My last post on Gold spot were that the instrument will go up before falling loosing it's shine but finds accumulation for a rally . Bears can take over if only the upcoming news forecast is under the numbers...
A short move to the upside in london session but converges to the downside moving the instrument further down. If the resistance trend line breaks then structure is amended unless it's a fakeout then my bias still bearish. Good luck Traders.
The Price continues to descend in a descending channel from a forecast in job creation stats versus the greenback. Steady oil prices WTI and Brent oil currently heeds the backing of the Canadian currency. A further outlook of changes in PMI, GDP as well as spending takes the currency in a better spot towards rebounding the economy.
A pair to go LONG for a while with a solid foundation! The British Pound is really strong in terms of there economy, re-openings, vaccine inoculation is amazing too. The Yen however is coming around and pacing through. My bias is LONG short,middle and long term. Good luck Traders! Comments are welcome! Have your say.
HODL! Movement will come, direction is waiting for enough positions to take it off or will come down to see if there is positions left to take liquidity wise. "Patience is Key" Most probable chance is a a buy limit at 208-215. Best of luck Traders! Comments are welcome! Have your say.
Market Structure is there! There should be a lot of fuel for the run and we can wait for a break of structure to the upside to confirm it. 111.05 Level is an area of interest that is particularly interesting. My bias sorry bears the bulls are out to play. Comments are welcome! Have your say.
It appears that DXY is somewhat showing signs of steady growth, however it is frail because bearish are looking at it at "curbside pick up''. We can not deny that NFP stats are measurable showing defiance in forecasters skills "employment is a good thing" but as printing continues, worldwide resurging covid cases and news over news therefore growth is slow. Being...
Gold spot loosens its shine! An elevated NFP stats moves the instrument lower and starts accumulating net positions lower to the downside. Historically it performs well either bullish or bearish but an area of consolidation is taking place with an accumulation of liquidity at play until it breaks either way. My bias is still bearish before a return to bullish...
Price will pullback with an impulse move but bullish trend continues long term. Think of it as refueling the bitcoin rocket ready for another take off. Comments are welcome! Have your say.
Price distributes to the upside momentarily but bearish momentum is taking place! As you can see a clear redundant rejection to the upside is prominent giving sellers pressure to continue, keeping in mind a great stats of NFP and that there are more news coming between EUR and USD. "Sell the rumour buy the fear" , my bias continues to be bearish before...
Short Term Bearish move correction before it rallies to the upside. Key figures Entry 13590 TP 13417 SL 13623
Cautiously optimistic the Dow Jones (US30) has seen a rise in a rally fueled by a stellar than better stats of NFP values. However, we can see values are lowering due to unforeseen buy back yields and less impressive resurging pandemic times. The loom of surging covid-19 cases are on the rise and the 2.2 trillion USD infrastructure plan will put a dent in the...