Word is that the Feds are about to step in and give AC a "hand".......you decide....Building Financial Resiliency One Block at a time.....#FranklinCap Hit the "Like" button to see more like this from Franklin Capital...Thanks!
This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
Well here is what I see. If we have a good 10 more days of feds pumping money into the market we are going to have a LOT of selling pressure if we get beyond 100. 98 no longer held as resistance so we have been pushing our way to 100. I will be looking for a corrective structure and resistance under the dashed line before shorting the dollar.
current direction :...
BAC pushing up into zone. Looking to follow this one this week and see if we get rejected. FEDs will be a catalyst. Might wait til wed after announcement unless solid tell is present. Love the options chains and liquidity on this stock!
Es still trading rangebound within this zone. Looking like ill extend it out now. Might have to wait for feds or china talks for a clearer long term direction.
Indices get their rebound with stimulus from the Fed assuring consumers who are led to believe there's a recession arising to not be alarmed. U.S markets trade with great volume, and the reserve currencies gets its' dosage of steroids.
Jerome Powell is expected to speak this week concerning the Treasury note yield curve. We’re looking to see an aggressive Fed to address the potential global recession, which means quantitative easing and another rate cut.
This is a bearish signal for a weak dollar, due to the Fed debasing the currency by increasing dollars in rotation. This could bring in a...
The Sterling Pound
The markets were optimistic regarding Germany’s Merkel agreement for the Irish backstop. The divorce with the EU, and Boris Johnson’s plan to meet with the Merkel will probably not accomplish any progress but headlines have moved Sterling a little higher.
Watch gold as it gets closer to NFP Friday, where I believe US will get good reports and bring back the strength to USD
Above you can see the last fall in Jan4 brought ahead to what I believe might happen again.
Quick Recap on my yesterday's trade and price action up until now
Yesterday my intraday bias was EURUSD = Up. Reason? :
1. Price last week have hit Weekly and Monthly Range
2. Price is trading below this levels hence its on price levels that I like to call "a hot zone". Its not a certainty but it has high probability the price would reverse/retrace/move...
Normally movement in the price of oil leads a move in the price of the 10 year note. The blue line is USOIL and it showed me a change in behavior that I couldn't trade. So I looked for shorts in the notes after It made a high .
I am now expecting lower highs given how investors are long SPX after the dip
After breaking out of the Weekly bear channel, we saw a pop up of 300 pips (c.100.8-104.0), and noticed a Bull Continuation Flag building up over the days.
Deep Take Profit Point lies at 107.8, with the pole being the same length as seen in the charts. I am looking to Long USDJPY 0.17% till at least 75% of the pole's length, which TP lying slightly above 106.5....
USDCAD failed to close above the blue line of 1.32417, which is strong resistance, though challenged and broken, shows that bulls dont have much power to break upside.
Challenge of the bottoms is in play now, and we can ride the USDCAD bus down for decent $$$. See you there
