Following the FOMC, US stocks went agressively down with the Gold and the EUR. However, a recovery is always expected on the S&P500 as it is on any index fund such as the russel2000 which also has seen a big downward movement.
Technically, a second rejection can be expected on the strong round 4200 support forming a double bottom pattern adding more confirmation...
Top shareholders of CRC have recently reduced there holdings.
1. GoldenTree Asset Management who owns 15,579,032 shares levelled holdings by a large 20.415% decrease
2. Ares Management who holds 14,788,286 shares have recently reduce there holdings by 14.64%
What could this mean?
--> Well to put it simply it may just be profit taking as Ares bought more shares...
#gbpaud, professionals increase 4% long by last week positions, 6k long increase by last week. Commercials decrease 1% long positions. weekly chart forming higher high and higher low. 1.828-30 highly demand zone for buy positions. split your risk with multiple position i.e 1.8280, 1.8230 even 1.8180 as well with stop loss 1.8140. target is 1.8680. this is weekly...
Last time I published idea, when AMC was 10 bucks only, I told that it will go up to 26 bucks. SO.
Now it will probably has a little bounce back and due to a lot of factors, such as gamma squeeze incoming, dobble bottom, it will go up to 40 bucks.
***Diamond hands since february 2021***
Professionals increased 9% long gbp by last four weeks, commercials increased 3% shorts as well. Due to strength in usd dollar gbp/usd in correction mode trend is still bullish. 1.3740-20 first demand zone, 1.3680 second demand zone if first support fails, split risk for long positions by mentions levels. 1.3950 & 1.4000 targets.
Invalidation occurs at another test of the recent highs.
Targeting upper 4.5s, then 4.2s, then looking for a reaction upon upper channel test if it occurs.
R of this trade: 0.5:1
3D chart showing the formation of the horizontal channel.
Picture in case the idea is scaled oddly in the published...
0.5454 (should it occur)
Leaving small amount on the table if it runs deep
VPR showing curved top
Felt like it
Should be actively monitored, I don't trust trailing stops
I will not be actively monitoring this trade
Picture for clarity if the main chart isn't scaled...
EOS makes big sweeping moves on well defined S/R levels. I believe, whether or not the coming week is bullish, there will be a sweep down to clean out the over-leveraged and paper fisted.
Stop above the recent high, looking to close in green highlighted area
This chart shows another shorting opportunity for the Swiss Franc, with respect to the British Pound.
It is a longer trade than the previous one as the timeframe is daily. There are also two different targets and strategies that can be applied, depending on how much time you can wait for the realization of the scenario.
We see a very nice confluence of...
Gbpaud forming bottom aroung 1.7430. divide risk on multiple positions, use low risk add more on dip, probability to retest bottom 1.7430. initial target 1.7900. if opened multiple positions by dividing risk then partial hold with breakeven for longer term bull run.
Loonie languishes below 1.2800 irrespective of the BoC’s business outlook returning to positive territory for the first time since the pandemic started in Q4. The Dollar continues to rebound as shorts are squeezed and yields ratchet higher again to the detriment of high betas and risk assets, with the index now forming a base above 90.500 to target more pre-Xmas...