SwagTrading

SwagTrading

Could be a techinical bounce from here. Important data to come out later in the week. Good luck.

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July quarter earning season will continue until mid Aug. SPX index now at a critical range, either retrace further or continue up right here along the uptrend. One could just follow the direction after a definitive candle outside of the range has been made. Good luck.

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Eth price dropped as ETFs came online. This is same as bitcoin ETF, prices will most likely drop until the point ETF fund managers decide it's a good spot to put big chunks of their client's money in. Techinically speaking the bottom side of the current price range would be ideal. Expectation is for price to either continue fluctuating within this range or...

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The legendary S&P500 has started a bullrun and it's unlikely to stop anytime soon. Buy until it dumps. Good luck

SwagTrading Updated 

From day chart can clearly see a pullback is taking place, opportunity for some easy profits. sl: above 2174 target: .382, .5 as shown on the chart. Good luck

SwagTrading Updated 

Expecting a technical followup lower after CPI market dump. Good RR. Short position earn interest thru holding too. Good Luck!

SwagTrading Updated 

Price retraced, good time to long with stop just below and aim for next resistance level. Good Luck

SwagTrading Updated 

Dollar index will most likely go up over the next few weeks from a technical prospective. Bouncing off from support level. From Fundamental side, some offshore investments will likely be pulled back to U.S. and borrowing to be done with U.S. banks due to perceived lower interest rate + safer environment. Converting foreign currency to USD to purchase U.S....

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From technical side DAX is following a sell off - pull back pattern on the day chart. This is an opportunity to follow the technical levels and catch the next swing of downward movements. sl and tp on chart. good rr Good luck!

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Price striked down due to NFP data last Friday, however from fundamental and technical prospective the AUD/USD still have more room on the upside. will update this once trade entered.

SwagTrading Updated 

"What seems too high and risky to the majority generally goes higher" - William O’Neil AUD/USD is at that position now from Day chart. It's risky to short, and risky to long at current level, however, if you look carefully at the technical levels the risk/reward is actually not bad. On news front the RBA meeting minutes tomorrow should be hawkish. Btw good...

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positive news are out from federal reserve in regards to stocks, rate cut expectations driving market higher and higher. Crypto markets, especially some altcoins going up rapidly. although markets typically won't go too high without a retracement even when news hit. Good time to fish a short here and take profit on the shakeout. Good Luck

SwagTrading Updated 

Price has been moving up without a sizable retracement, the movement is roughly in line with AB=CD pattern where the retracement or reversal happens at the end of the CD leg. Good time to short, fanstic r/r at around 4402 take profit. Safe takeprofit at around 4495.27. Good luck

SwagTrading Updated 

From tech prospective, aud/usd moved up then completed a retracement, now is the time for another leg up. Data side, unless there are prices on NFP tonight, expectations is for Fed reserve to start pivoting which weakens usd. and Reserve Bank of Aus usually follow Fed reserve and global trend but delayed, which can cause uncertainty and leading aud/usd to move...

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Purely technical setup. Good r/r, can use small size and just set and forget. Good luck!

SwagTrading Updated 

AUDUSD broke out on the bull side after a volatile ride from interest rate decision last Tuesday. Price is likely to continue going up with expectations of another interest rate hike in December, the next decision for RBA is on 5th of Dec 2023. Long at current level and stop beyond the established resistance range. Very good R/R. Good Luck

SwagTrading Updated 

From technical prospect, price has dropped rapidly. It's now time for US stocks to bounce time. According to historical pattern, in the long term it always goes up. Choose position size depending on your risk appetite.

SwagTrading Updated 

Good tech level to go short for a potential quick profit. R/R is 2, manage the risk.