RobertSoos

RobertSoos

Fundamentals: - German industrial production declining (-1.8%) - IFO business climate continuous decline from 105 to below 97 points in a year - ECB program and rate cut insufficient support for economy Technical: - Daily double top formation - 38.2 Fib level as TP1 Trade: - Enter trade with SL above recent high

RobertSoos

Gold reached the weekyl support levels (200 & 20 MA). Technically a pullback long and a cuphandle breakout confluence appeared on the charts. Fundamentally: USD weakening is an additional factor for gold bulls.

RobertSoos

This is not an easy setup despite a clear picture. Post breakout pullbacks are S/L triggers, so I will wait to see a further break up, and then a pullback. Here I will try a second option long entry. Risk event - NZD inflation figures (Wed)

RobertSoos

In the past couple of moths the euro was breaking to the south. However USD is getting dovish tones from Fed and the economy. This current situation is way too 50-50% for me to take part. Risk event : Wed, EU CPI data -> if softer, euro will suffer Trade plan - wait for the direction of the breakout - if clear fake out signal appears -> trade it - otherwise,...

RobertSoos

Not trading this one, but LYFT IPO recalls memories of Facebook going public. Same huge hype, multiple times oversubscription, retail traders jumping in on first day of trading and then getting f*****d. I have a suspicion Lyft will go even lover from this $60 level. Good luck.

RobertSoos Updated 

Technical -1.1290 is strong resistance (H4 200EMA) -Cup & handle formation + bottoming out Fundamental - ECB press conference -> most of the dovish comments already priced in -US data deteriorated, today's CPI data key -> if inflation is weaker EURUSD break MyFxbook community outlook - EURUSD 65% short -> bullish move more probable

RobertSoos

Fundamentals -HUN eco data is continuously beating expectations, inflation above MNB expectation (3.8%) -> MNB reluctant to raise rates, still dovish -> no real interest on HUF Technical -Channel break -Clear resistance at D1 61.8% Fib level

RobertSoos

ZAR had a strong rally supported by fundamental news. I expect to see some profit taking, and change in positioning. Technical: - 20 EMA was broken on 2h with a backtest - 38.2 Fib retracement is a clear T/P zone

RobertSoos

Pure technical play. Shorting ZAR has heavy cost, thus expecting to see a swift bounce and then again ZAR to strenghten, especially as euro faces eco slowdown and brexit headwinds.

RobertSoos

Myfxbook positioning: 72% of retail traders are long (no deal Brexit still can happen legally) www.myfxbook.com Trade: Taking a speculative short, that really shitty Brexit outcome or Parliamentary breakdown can happen in Britain.

RobertSoos Updated 

Fundamentals: -EU: eco slowdown continues, underpinned by ECB -NOR: inflation picking up, central bank will further hike this year -> carry trade -NOK gained even under risk-off sentiment -CitiBank Eco Surprise Index (1mo) differential: -53.9 vs +53.6 in favor of NOK

RobertSoos Updated 

SPX500USD faces 4th rebound on the daily chart, market rally getting stretched amid slowing global economy, trade uncertainty and hesitant central banks.

RobertSoos

Technical: - not taking position on initial break - waiting for pullback long entry, safer entry

RobertSoos Updated 

Technical: - H4 hammer candle -> $ bulls running out of steam - There was no retest of the H4 breakout Trading: -expecting to see a quick T/P or S/L trigger on this trade. -key risk event in 3 days: NFP

RobertSoos

Fundamentally: - A divergence between eco surprise indices (US negative, ZAR positive) - Fed holding rates, interest rate differential does not shrink - Gold price edging higher XAUUSD already above $1340 Technically: Daily 32.8 Fib + descending channel tested Fake out candle -> short entry opportunity Trade : Enter short position, S/L slightly above fake-out...

RobertSoos

Bulls reached 200 DMA -> from here extra $ weakness + further supply cut would be needed Technically a retest of the breakout level, 4-5% correction is probable.

RobertSoos Updated 

Fundamentals - Fed did send a dovish comment ("next rate move could be up or down", "luxurious position to be patient") - From here US eco indicators need to underperform, otherwise, $ will not depreciate significantly - $ is a safe haven, positive risk sentiment needs to persist in order for other CCYs to strengthen -> trade-talks, temporary lift of shutdown,...

RobertSoos Updated 

Fundamentals: -2019 is expected to be a more balanced year for oil (BCOUSD), OPEC adjusting flexibly -Weaker USD is supportive Technicals: -Oil is supported by the 20DMA -> long continuation - 200DMA is next resistance > revert back to mean Trade plan - start with a smaller buy size - If FED will sound dovish on Wed, and USD gets weaker, add to size - If...