Looks like a good bottom pattern. 4h trend starts. Decent risk reward ratio.
Long OANDA:XAGUSD Silver The Interest rate hikes are almost done. The chart looks very bullish.
Long OANDA:XAUUSD Interest rate hikes are almost done. The chart is quite Bullish.
Long OANDA:XAUUSD Bullish fundamentals Left triangle It looks like a bullish Flag Pattern
Short $USDJPY Overall, $ weakness. Interest rates peaked - at least as per the Bond market opinion. Technical : broke the triangle down
I believe it was a fake breakout. The 200 MA is still down. Fundamentals are still very bad, and Fed continues fighting inflation. Barry says a possible second wave of inflation can come. Target is somewhere in 9750-ish
Short $SPX500 I believe it was a fake breakout. The 200 MA is still down. Fundamentals are still very bad, and Fed continues fighting inflation. Barry says a possible second wave of inflation can come. Target is somewhere in 3200-ish
Long $EURUSD General USD weakness. Breakout from the downtrend. Very short-term trade.
Long $AUDUSD General US dollar weakness recently. Potential fundamentals shift to risk, very short-term.
Opened a long term trade Short UK100 Index swing trade The target is somewhere in the vicinity of the very large 68 Fibonacci ~6000 Reasons: - downtrend - interest rates are going up - global recession
Opened a long term trade Short Australian Index AUS200 Long Term trade The target is somewhere in the vicinity of the very large 68 Fibonacci Reasons: - downtrend - interest rates are going up - global recession
The correlation with the 2008 Crash chart is hard to ignore. In the next 30 days, we could potentially experience another leg down. If history repeats, then we could see another 40% drop. The dates on the chart are handy for timing your options trades and choosing expirations dates accordingly.
Short $USDJPY Trying to retrace. 4H chart cloud bearish. Potential head-and-shoulders as well.
Pros: - bounced from a good support level - Fed is flipping and slowing the rate hikes. It MAY BE the bottom the gold traders have been waiting for for a very long time. Cons: - Interest rates are still going up and may put some pressure on Gold
Pros: great 68% retrace bounced from good support nice buying over a few days Fed is flipping and slowing hikes. 4H new uptrend Cons: still, interest rates will be going up - so might put some pressure on Silver
Long Bitcoin Out of the reverse head and shoulders, have a bit of a free gap up. Can be a quick dead cat bounce.
Great retrace Bullish CPI report The last euphoria is not in yet, Can we make 78% retrace?
Long-term Long $AUDNZD Expecting 38% fib retrace from a very long downtrend