WillSebastian

WillSebastian

Despite minor growth and a lot of economic concerns with new policies that largely favour welfare and will inflict pain on business (de-growth) the FTSE has rallied on todays Sentiment / data. Still looking short for mid/long term swings. Levels labelled.

02:09

WillSebastian

Many factors contribute to long thinking at this current level. These form the basis for increased probability, based on price action.

05:00

WillSebastian

The GBPNZD has fallen off from another hit on the Upper TL of a mid term downtrend. Sentiment rules markets and ultimately is what makes trends. Track them and trade them like this.

05:00

WillSebastian

Oil has slowly trickled to continuous lows and key support areas. Rallying each time, Investor demand at such prices is clear. Any further rallies, may be rejected on undermined long side sentiment. This suits the mid/long term trajectory.

WillSebastian Updated 

GBPNZD has drifted lower on continue GBP weakness. Rising back to the upside of the current newly formed downtrend we can see early rejection of longs occurring. On a day with little news, we may see further price drifts before continuation.

WillSebastian Updated 

Areas like this are ideal if you are looking to protect former shorts that are out of the money. It may be the case that as USDCAD climbs above highs there is a series of reliable long side movement to take advantage of. This allows you to hold and execute exits on any former shorts reliably. Looking long at mentioned areas to protect shorts.

WillSebastian

Strong short side momentum straight back into areas of previous rejection naturally lowers the chance of a rebound. In these instances, it's ideal to stretch out future long side entries as depicted.

05:00

WillSebastian

NZDUSD has trickled for weeks on a mostly stronger dollar. Dragged down to key price action/long bias trading areas, we can look at the longside case.

WillSebastian

The continuous rise seen on GBPCAD over time is mostly due to a dovish BOC, ahead of the BOE on easing. The BOE has issued various comments into the London session today, adding weakness amongst of inflow/outflow/geopolitical risk factors. No real longs until 100MA.

05:00

WillSebastian

EURJPY has suffered into London today as safe haven inflows become apparent. New zones can be labelled and assets like this can be used to diversify risk in your portfolio.

WillSebastian

The SPX rallied on optimism post Election results on economic revival hopes. Likely a lot of profit taking has occurred across risk assets like this one as prices reached all time highs. There always has to be a time where profits are removed and taken off the table for gains to be realised. It is likely however that if current sentiment continues we will see...

WillSebastian

A loss of momentum has occurred amongst current price action. This mostly comes as a larger waning of risk on occurs (particularly in Crypto risk assets). Any further decline with no real positive inflow may see further falls as profits are taken and other crypto assets start to get favoured. Would avoid late shorts. Only re-buys lower.

WillSebastian

NOTE - Long side Blue arrow is now a representation of the speed of any rally. Price may also stop earlier than this various times (See below). Persistent USD strength has come after both inflationary data and the inflationary effect the Trump administration may have. Inflows into the USD are most easily reflected on the Dollar Index (DXY). You can see across...

05:00

WillSebastian

Here's a live runover of the EURNZD and several lessons on utilising price action properly.

03:00

WillSebastian

EURGPB has fallen to key lows amid a weakening of the EUR against the GBP, a currency that it is usually well on par with. These key levels are great for entry as they naturally rise probability and are preferred by the larger money market. If you check over the last 8-9 YRS, larger rallies have existed post fall to the same area. Large buying up and no serious...

WillSebastian

Going into Monday we will hear comments from BOJ's Governor Ueda. This could add to any current intervention rhetoric/slanting. Do not think BOJ will appreciate Yen being as weak as before. Short side bias taken on both sentiment case and potential rate unwinding, as well as current price action and rejection into weekend.

WillSebastian

Oil has continued to be subdued post election, with no real demand feeding into it. Price action consists of strong momentum south side into key area(s) seen previously for longs. For that reason, I hold a long bias, but only lightly as we are rushing back to lows (no clear strength/investor willingness) and current price action represents the same story (higher...

01:54

WillSebastian

GBP/USD waning in demand post retail sales, which have given momentum to the USD. This is similar to the Trump effect we saw recently. Lower Timeframe market moves tell a great story in how sentiment is shaping. Watch on.