The coronavirus COVID-19 overreaction pushed stocks to their lows. Looking at the charts for ABN AMRO BANK N.V. we can say that this Dutch bank is heavily oversold.
Please see notes on chart.
This trade does not have strong signals for puts. Price is at top of cloud and 10sma is over 20, but 20sma has crossed below 50 (yellow arrow). RSI dipped below 50 on 2/18 and is back over today, which is bullish. If stock turns then RSI and Stochastic will both dip below 50 (green arrows) That said, today's Fed minutes or any economic news (credit bubble,...
DBS is very weak now. Having bounced off 25 twice in recent time, it failed to make higher highs, failed the 55EMA, and is likely to revisit 25. MACD supportive of bearish bias. Going for a bounce at 24.50, and to consolidate at 24 for deliberation of a possible major rally to 40.
the same Scenario. 3 days ago we saw a nice and so terrible stop hunting you can see that in my past analysis on GOLD . what we actually have in here is just reply that scenario again. and banks says : hay guys bit it! we wana set our orders . its just that . good luck.
XRP has only just broken even with a previous buy trade banks had running, by them breaking even with this buy trade allows big banks and institutions to now put a huge amount of sell orders in. Price should go all the way down to 0.16$ to take out lows that still have liquidity. Furthermore, there is a lot of imbalance that needs to be fulfilled @0.22-0.21$ so...
Another bank, the same story "The Italian bank may lose as many as 10,000 staff in a new strategic plan." It just proves that the banking sector continues to suffer... only a few will survive. For that, they need to restructure and optimize the service. UniCredit joins other large European banks slashing costs and reducing job numbers as they seek to adapt to...
Hello Traders ! We have seen EURUSD dropping a lot today. But WHY? Actually we have seen there a nice daily level of support which was broken today. Also a Demand Zone. The thing this the Demand Zone became a Supply Zone due to the pressure from the sellers and pushed the price to the downside. We have seen that on the news today. They were good for EUR but it...
Oil has been on a very prolonged downtrend after the market calculates affects on Chinese oil demand as parts of the country shut down. Last week the highways in and out of Beijing were shut down. It is very likely the coronavirus numbers are much worse than are reported by the Chinese government. Oil here is showing an exhaustion in the downtrend. We seem to not...
A detailed view point on where banks are taking their trade and why they are taking their trades. This all is institutional explanations and they strategy revolves around how banks use different techniques to show fake moves but they are only showing these fake moves so they can use retail liquidity to project the real move. Put SL 30 PIPS below entry.
Hello Traders ! USDCAD is right now at a daily Supply Zone. Also we can see another level of Supply. The question right now is which one will be the order block who will bring the price back down. It would not surprise me if the price will make a liquidity push to the upside. We need to keep in mind that a lot of retail trader would take shorts now. The banks...
Deutsche Bank (DB) has been on a strong medium term rise on the 1W chart since the August low (RSI = 65.146, MACD = 0.232, ADX = 21.619, Highs/Lows = 0.9691). This rise is the bullish leg of the long term Channel Down (since 2012), that is aiming for a Lower High inside the pattern. The previous Lower High bounces have been 85% on average and the last one made a...
Hello Traders ! In this video we will have a look at the GBPJPY and also Educational Purpose. Do Trend Lines work? Everything explained in the video. Let me now in the comment section below your view on GBPJPY and what you think about my Video Analysis. Also tell me do you use TrendLines? If yes on which timeframes? Please leave a Like. Thank you and we will...
Banks taking out retail traders previously with a massive bullish candle, however banks have not broke even with that manipulation spike yet, so we could expect price to come back and visit that area. Therefore, I am looking for longs on that pair.
So here we have equal highs that are viable for stop raids and will continue the narrative of a LONG USDCAD scenario to be continued to play out. After the equal highs are taken we look forward to a decent to the downside giving way for other currencies against the Dollar to recover.
Smart Money Concept. How the banks trade your money
EURGBP TOOK OUT LIQUIDITY ON THE 4HR TIME FRAME AND THEN DID IT AGAIN ON THE SMALLER TIME FRAME (30 MIN) WE MAY WITNESS A STRONG PUSH DOWN