SoapstoneCapital

SoapstoneCapital

shorting into key four hour demand. sweeping 4hr neckline. last sell to by that created new range

SoapstoneCapital

XXXAUD XXXNZD pairs looking weaker with htf structure. EURAUD is lagging GBPAUD. Taking this position. Should see further strength again the pound and euro

SoapstoneCapital

Continue to add to shorts on XXXCAD pairs. See eurcad and gbpcad short posts. Risking .25% for this trade.

SoapstoneCapital Updated 

Waiting for ETH to comeback to key demand. With the inauguration on the 20th, we may see a pullback into demand before the next waves higher. Will wait for bullish 4hr candle for confirmation from the demand zone.

SoapstoneCapital Updated 

HTF Structure Mitigated. Looking for a new swing low

SoapstoneCapital

HTF Imbalance filled. Taking a short from this level to make a new swing low.

SoapstoneCapital

Shorting EURCAD. Similar set up as GBPCAD. Se GCAD post.

SoapstoneCapital Updated 

Looking for short this week from this level and the level of imbalance above current price. Correlates with stochastic RSI, channel, and resistance. Teach forecast is weaker for the coming quarters on earnings guidance. PE ratios are really expensive. I think we will see more of a correction before any bullish optimism in the market. I also believe the market will...

SoapstoneCapital Updated 

USDCAD is mitigating weekly supply zone of imbalance. Retail sentiment is extremely bearish for USDCAD. Will be looking for potential shorts after break of 4hr market structure and retail sentiment turns majority bullish.

SoapstoneCapital

Looking for silver shorts on fib retracement levels. Would test neckline of daily head and shoulders pattern and continue to see lower lower with dollar and crypto strenght.

SoapstoneCapital

With continued dollar and crypto strength into Trumps inauguration. Shorting gold into HTF key levels. B set up here. Risking 1%. Gold may consolidate from there until Jan 20th and executive orders are signed which may cause more volatility then.

SoapstoneCapital

Shorting from weekly channel/resistance. Expect a pullback before Trump is inaugurated and may see further upside after his policies and legislation around tariffs are more clear. Shorting into key demand levels where we may see a bullish reaction and continuation higher.

SoapstoneCapital

Shorting from key level. CAD is showing more weakness against the yen as the Central Bank of Canada continues to cut short term rates and see weakness in the economy. Politically Trudeau has been asked to resign. With political uncertainty, high taxes, and a weakening economy. Market structures shows to shorts will work from here.

SoapstoneCapital

EUR continues to be weaker as the ECB doesn't interfere as much with interest rates and their bond buying program. Looking for continued shorts from here as the ECB continues to see further weakness in the European economies.

SoapstoneCapital

Yen continues to weaken as the BOJ is shifting to cut rates. They dont have the inflation or wage growth to promote more rate cuts. Their Debt burden is still to great to ever see any major growth out of the economy. HTF USDJPY is bullish. FOREX retail sentiment is heavily bearish indicating further upside. BOJ is unlikely to intervene at this time. Look for...

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The 10 year yield should follow the DXY or be very close. For the 10 year yield it has come into weekly resistance. The bond market decides what this rate is and then also determines the mortgage rates which are 250-300 basis points higher than the 10 year yield. For now the debt market is showing risk on assets are better at this time. This still puts a drag on...

SoapstoneCapital

Price of the dollar index has filled the weekly imbalance. Should see a potential pull back from here has President Trumps legislation is unclear for tarriffs etc. Price could pullback and trade sideways and consolidate before Jan 20th. Depending on the amount of executive orders this could cause more volatility later this month.

SoapstoneCapital

Shorting the dollar to a new swing low. HTF broke the 104 level and coming back to fill imbalance. Risking .5% per trade.