Rocketman

Rocketman

EURUSD Look Out Below: Fed Hike Coming Fundamentals : Fed hike coming Wednesday, May 3, 2022. Technicals : Tight Flag Pole

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Will the RBA Raise Rates or Not? I take this technical position at support. The price is bouncing up before the rate decision.

Rocketman

Fundamentals : The incoming US Fed data will exacerbate the move in USDJPY, fueling it higher. Despite media clout and rumors abounding, The BoJ will not intervene in the JPY currency. In fact, the lower JPY goes the more beneficial it is to Japan (minus its exporters). Technicals : Hey, I have a grad 'ol idea. How about we just trade the trend until it...

Rocketman

Fundamentals: I believe that divergence btw. CAD and JPY is still in play. There is still value in this trend. Technicals: Price retraced 38.2% and seemed to have found support. Conversion line support.

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A daily pullback into resistance 4.2:1 Reward to Risk Ratio

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Technical Reasons: London Close Trade Based on the 1 Hour Chart ADR maxed out ExDiv1 Doubling of Vlad Bands dRd dHd Middle of long-term channel 61.8% Retracement R:R Ratio = 3:1

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Fundamentals : Rising oil prices will contribute to strengthening the CAD, as it tends to fall in line with oil . What's more, Canada is experiencing economic growth overall. Technicals : The "Three Rising Methods" candle pattern on the daily chart comes with lower volume interest with each end of day daily sessions. On top of that, each session had wicks long...

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(1) Plan Your Trade (2) Take out the Position Size Calculator and calculate the trade size . In this trade in USDJPY, the stop loss is 125.01; the target: 135 Risk% = 1% Reward-to-Risk Ratio = 2.47:1 (3) Do your agree with THE MANTRA: "I measured my risk, limited my risk and accept this risk" If SO...... (4) Trade Your...

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Chart Pattern: Bearish Head and Shoulders Pattern The volume matches too.... taking this trade...

Rocketman

Global View: "U.S. and Chinese Bond Yields Converge, Reversing a Decadelong Pattern: China’s formerly large yield advantage has disappeared" (WSJ: www.wsj.com ) "Capital outflows from China are expected to continue in coming weeks after an exodus of foreign funds from Chinese sovereign bonds in March, experts said, as the country’s yield advantage over US...

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#1 Have the mindset of focusing on a process of trading and making transactions based on a strategy; then, trade it accordingly. #2 Use a time-tested strategy that works in the long-run. #3 If the strategy suits your risk profile, then stick with that strategy.

06:02

Rocketman Updated 

Fundamentals: Rising oil prices will contribute to strengthening the CAD, as it tends to fall in line with oil. What's more, Canada is experiencing economic growth overall. Technicals: The "Three Rising Methods" candle pattern on the daily chart comes with lower volume interest with each end of day daily sessions. On top of that, each session had wicks long...

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Fundmentals : See previous analysis of the US dollar.... Technicals : Horizontal support Divergence Rising RSI and other indicators Rising Trendline a-b-c extension fulfillment Possible Wave 2 61.8% support confluence with horizontal support Target : Upper part of the rising daily channel @ 0.9415 to 0.96, where I believe the minimum limits of wave 3 starts to...

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Fundamentals : See previous notes on USDJPY Technicals : NR3 - Narrow Range Week IB - Inside Bar Target = 118

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Fundamentals : See CAD data. I do not like to pin the USD with the CAD...but this is an exception.. Technicals : Crown Hidden Divergence 61.8% pullback Engulfing Bearish Candle Volume divergence Target: 1.2300

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Fudamentals : None Technicals : Divergence Horizontal resistance RSI "Overbought" Price testing the backside of the long term trendline Emotion : Cool and collected Daily Chart: Weekly Chart:

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It appears that US yields have broke above the 200 weekly moving average for the first time since September 2017. Weekly horizontal resistance from December 2019 is about to be broken. Bullish Inverted Head and Shoulders Pattern

Rocketman

It seems that the S&P500 is rolling over into a bear market. A strong close below 4305 will propel a long awaited bear market.... In cash and observing.....