If we get a 4hr bearish closure below 1520. We have just retested a major support/resistance zone, a rejection would indicate a move down.
We will short XAUUSD if we get a 4hr bearish closure below 1450. This will clear our previous swing long and indicate a transition to the downside.
We have a chance to short EURUSD if the pair is able to close bearish below 1.12800. This move could potentially bring in a reward of +110 pips with a fairly tight stop loss. Tomorrow's CPI data could be the catalyst for this move, given that the numbers are better than the forecast.
A short is only valid if we get a bearish 4HR closure below 67.500. This shoud take the pair downward as the WHO classified the Coronavirus as a pandemic. We should expect safe-havens like JPY to take over.
Our initial short idea played out perfectly as we have crushed 6,000. Next up is 3,000, but we need to clear 3875 first. Things will start to look real gloomy for BTC bulls if we get a 4hr closure below this level.
A nice intraday short for around ~50 pips is available. All that is needed is a bearish candle closure below this hourly level. The Yen is strong right now as it is acting as a safe-haven during the Coronavirus frenzy.
Here is our idea for BTCUSD which has failed to close bullish above 10,500. This level is a major psych level for this crypto and has also had a previous wick in this region. We have a CTL break and with the US Dollar gaining strength, we may see a push all the way down in the coming weeks.
Here are two scenarios that are possible for GBPJPY. All you need to do is watch the price action at 144.600. This strategy is consistent with the one used in our daily live trading sessions.
Here's the breakdown of our NZDUSD short. We expect this trade to playout going into tomorrow's US Core Retail Sales data release.
We have a short virus for AUDUSD. Among technicals, Coronavirus fears and a stronger US Dollar should take the pair lower.
Yes it is possible. As the US Dollar continues to strengthen and the overreaction the the Coronavirus has calmed down, we can expect BTCUSD to make its move back down to 7500.
A trade that was analyzed in our live trading session this morning. We expect further movements to the downside, but we first need a bearish closure below 0.64400 to confirm the move.
Here is a trade analyzed in our live trading room session today morning. We need a bearish closure below 142.000 to take us lower. we are patiently waiting for such a closure. Mind you, we made +400 pips last week without losing a trade. We're kind of on a roll right now.
We almost hit 6,000 last time (50 pips away), but we should get there soon enough. Right now, we do have the perfect entry to ride the short down. It is in play and the trade has been activated.
Here is a pair we analyzed in our trading room today. This pair was analyzed live, and we have determined a short bias. We are currently in minor profit for this, and expect to see further downside.
A nice setup has presented itself for Crude Oil. We can take the short play to 58.50. The move could be done by the end of the trading week.
There is a possibility to short the precious metal if there is a bearish closure below 1474. The recent surge was due to the Fed keeping rates where they are.
We had a slight detour on our way to 6000, we went as low as 6500. This time around, we should should get there.