70+ pips jump today, pair likely have no power to break just yet, A fake low before potentially we see a break above 1.243 in sight. Look at previous 2x flirting with resistance, 1st we see strong rejection, 2nd we see a build up. 3rd one currently i see just 1 more ripple down and a breakout.
UK GDP consensus at 0 again , while US GDP at 2.6% , With day range strong resistance area, looking at a shorting opportunity, trade expected to hold till next week. Good 300 pips in sight, with 70 pip risk . Great R/R entry. Inflationary pressure is still on the FEDs , expecting another 25bps hike, with SVB issues swept under carpet, FED can focus to do its jobs.
later tonight we'll see FED decision on rate hike, consensus at 25 pips, due to the collapse on the banking sector and probable cause for fast hikes. BUT remember the feds priority is to lower inflation rate, with soft landing preferred. ECB has maintained their 50-bps hike regardless. My view is that FED will surprise the market with 50 bps hike tonight. And...
When UK market open, there might be a flash of capital either way. Current price point is correct based on last night data release. So opportunity arise when price fall/rise fast later within 1-2hrs time, buy/sell back to range.
Tencent fell mainly due to chinese govt crackdown on large chinese firms and the penalties tencent faced recently. overall the company's cash on hand makes it stronger , with chinese govt supporting these large corporation to sustain its economy, expect to see these chinese growth stock recover slightly.
Daily BB mid bad , with good about of support in 4H chart. Risk 40pips / reward 60 pips
Intrinsic value based on asset based approach $25.65 , good to buy in at current price . Rmb the billionaire family office that lost 20B on margin , one of the holding is gsx . China billionaires are holding this stock now . Good value , the bad news of children blah blah how do govt implement it ? Put that aside , good value stock .
Cable fell due to vaccine blood clot issue, Look at the numbers , 1.8 mil ppl vaccinated while 30 have side effects , that number tells us its prolly due to own body situation by large. Present a long opportunity at support zone.
US data heavy this week , looking to look good on data, Dollar will aid the pound to fall. 4H 50SMA high, call for technical short . Triangle low expected.
Knife catching time, Good swing trade that would TP in a day or 2. Tml UK data seems positive, with US printing $ to safe their bond market, dollar will retreat. Big run.
Great entry , chances of a blip is high, catch the nice daily false breakout tail guys. retail data consensus for the US is bad, dollar is gonna fall back into place later today.
Who doesn’t like this brand, focuses on comfort daily wears which won’t be outdated at affordable price , yet margin is great for the company. Stock dipped was affected by Japan lockdown. Nevertheless uniqlo biz is everywhere and doing really well in Asia. Look around you , walk down the streets and you’ll see people in Uniqlo . I’m telling you this will be top...
DXY has ended the bearish rally, Inflation rate to match the growth in the US will aid dollar higher. There is no fundamental reason for cable to go above 1.4 psychological level yet. On resistance and support level provide us with a fair R/R ratio. Follow the flow and short.
Day trade potential position. Overall daily chart uptrend / 1H uptrend Price expected to hit 4H 50sma high before slight rejection. BB mid band sharp edge would potentially slow the bulls down, but there's nothing much to worry as DXY bearish flag pattern has formed. With 10 years treasure yield and inflation expectation in the US has negative impact on the...
Similar Flags pattern spotted, Dollar expected to continue its downtrend.
2Hrs trading position , here you go . Do like .
SCALP TRADE, PREVIOUSLY OUR LONG HAD REACH TP AT 1.3. ITS TIME FOR SHORT SCALP