EUR ticking higher for the open as liquidity returns from the holiday period. On the whole I am happy with how the euro has held, while we discussed yesterday macro hands betting on the reflation theme are hardly moonwalking but we are making progress nonetheless.
Continue to buy dips here, I am becoming increasingly aggressive with sizings, however certainly...
Hypothetical scenario:
(1) Entry @ 12750.0 (Buy Limit)
(2) Stop Loss @ 12512.0 (238 points)
(3) Target 1 @ 12989.0 (477 points) - close 30% - cut stop by 50%
(4) Target 2 @ 13304.0 (550 points) - Close 80% - move stop to b/e
(5) Target 3 @ 13509.0 (759 points) - Close 100%
Stay tuned for the updates
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The Japanese yen keeps a path of gains as the Sino-US trade war remains unresolved and anti-Communist protests in Hong Kong intensifies in violence. The euro saw now major change after the German economy dodged a recession in the year's 3rd quarter with a GDP figure of 0.1 percent. The pair price resumes its downward trajectory towards the lower line of the more...
The current week is full of informational events around the oil market. Which continues to play into the hands of sellers. Yesterday, for example, Morgan Stanley analysts warned that if OPEC + participants at their next meeting on December 5 do not announce a higher reduction in production (current volumes of 1.2 million barrels), then Brent quotes will drop to $...
Thursday was not full in events however we could observe some movements that were mainly focused on safe-haven assets, in which a mass exodus of traders was observed.
You do not have to guess what is markets concern about, just look throughout the dynamics of gold or the Japanese yen, you can see is there any progress or not in negotiation between the USA and...
A favorable response out of Germany in the last few weeks to the economic and geopolitical data leading news headlines. The German Dax rallied a full +2.38% on the week before settling up +1.42%. This is off the back of comforting U.S. - China trade negotiations looking up. As a major exporter, Germany will benefit massively from a favorable deal between the two...
The DAX (Deutscher Aktienindex (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Germany is the strongest economy in Europe. But in Europe is not very good there are more indebted debtors Greece, Italy, Spain ..., England has already fled the sinking ship. And the situation...
I currently see 2 opportunities in this Stock. One would be short entry for the last move down and the other possibility is a long term buy once the corrective ABC structure has finished.
The EUR/USD was rejected big, 2 days in a row. Lots of selling pressure. Obviously, this was due to the strong US market on Thursday and Germany getting closer and closer to a recession.
I may look for an entry tomorrow at open, if the 4 hour or 1 hour charts look promising. Or, I might wait to see if the low can be broken, then wait for it to fall to that...
Macro
German industry in freefall - ESI Lower & PMIs lower.
Consumer confidence lower, the chemical industry relies heavily on consumer products.
China PMIs lower again.
Micro
60% of sales are based in China/Europe new orders slowing
"In China, the world’s largest automotive market, the decrease was more than twice as high, at around 13%."
Profit warning 30%...
Looks like this is getting away from our ideal entry level. However, it looks a good candidate to buy on dips on the short term.
Trade Idea
Broken out of the Head and Shoulders formation to the upside.
Positive overnight flows lead to an expectation of a firm open this morning.
Price action looks to be forming a bottom.
Bespoke support is located at...
Boris Johnson asks Queen to suspend parliament.
The decision will cut dramatically the time MPs will have to take action to prevent no-deal Brexit. he is going to ask the Queen to suspend parliament for five weeks from mid-September.
It seems like the Queen is ready to be in. And this means that the opposition will have time until September 12 to prevent the...
The China-United States Trade War is an ongoing economic conflict between the world's two largest economies. Two countries cannot even agree if they are talking. According to Trump, he got a call from Chinese officials, however, China did not confirm that yet. Well, quite possible that there was no call. this means that we are in a situation where the parties are...
Trump: China is ready to go back to the negotiating table. China, for its part, reiterated its desire to resolve trade problems through negotiations. safe-haven assets against this background have slightly adjusted and provided excellent opportunities. Despite the optimistic comments from Trump’s side as well as Chinese, everything might change. We have recently...
Forecast: I am expecting Bund to continue its uptrend going forward next 2 weeks. Currently, this week weekly candle close as an inside bar, suggesting consolidation period. Bund will either expand this coming week or next week.
First: Expansion next week, How to get in?
Trade entry: Long the Daily demand zone, with stop below
Confirmation: Reclaim last week...
Some techniques i like to employed into my trading is:
- Creating a range using Last week Price Action
- Creating a range using Monday Price Action
Key levels Identified:
1) Last Week High
2) Weekly Open
3) H4 Resistance turns support
4) Monday High
there are some technical resistances, but we got extreme support areas and an "long" term uptrend. the fundamentals are extreme bullish, we got an growth company with solid financials here. Im sure it will outperform the DAX(Germany 30) this year by a lot.
