"Apple" is still leading the market. The "Apple" stock has double bottomed (in a ugly way) and the rest of the market is now following higher. Oil might continue the rally higher beyond 50 "US Dollar" and China might have also double bottomed. If all of this becomes true the market has gotten rid of all negative trends which so far lowered equities. If the squeeze...
Obviously, being smart, sane, savvy and logical traders, we all recognise that there is a monstrous Godzilla formation looming over cable right now. I don't mean some obscure Japanese candlestick formation, but the actual Godzilla, poised to run rampant and squash the UK into smithereens if it votes leave in June. I would contend that the opposite may be the...
There may be trouble ahead... Grexit is hiding in the shadows behind Brexit, but former Greek FinMin believes Grexit in 2016 is more likely than last July . Greece has a colossal amount of ECB debt obligations to meet in July. Negotiations and general turbulence look set to hit its peak in the month before, just as the Brexit vote is taking place. But...
So it's been a crazy week for the stock markets around the world and everyone's trying to point the blame at something. Whatever the reason you believe don't let it justify your reasoning for entering a trade, enter only on what you see not what you hear! I can't stress this enough! So many traders are throwing money into the market trying to catch falling knives...
Can´t help but expect a sharp drop incoming... The market cannot ignore the very bad news of new elections in Greece forever.
Price at key area of support If P breaks TL, shorts targeting 10950 If TL holds I shall remain overall bullish Target 11600
Currently short from 11690 after the breakout and close Targeting my support zone + TL Where I will be looking to add long positions, as my overall bias for Dax is once again bullish
Market View 20/07/15 (Source Twitter/RansQ- Analysis guado77) - Trade at your own risk: - Eu stocks (Dax/FtseMib) "solved" for now "Grexit" recovered price level pre "Greece Referendum" calling (26/06/15). This level could be the "floor" for YTD HIGH for FTSEMIB and recovery 12.000 points for DAX and 2.134 for S&P500 -"Market driver" is now "the resurgence of...
With the greek crisis there has been a lot of speculation on the EURUSD. Nevertheless there is a strong support now and the pair still follows a general trend (bearish). This trend is likely to reverse in the coming weeks so be aware of this! Get ready to long EURUSD! Great profits could be reached. New updates will be posted with more specifics on TP and SL.
The price action hints me that could be an appreciation of USD through this week. Wednesday 15th the parliament of Greece will decide the Euro's bailout terms.
Forecasting a possible short position after ZigZag correction.
We have seen the Bears in control for some time on DAX, breaking both the inner and outer Trend lines, signalling strength to the downside. However the Bears failure to reach 10600 indicates that they are exhausted. From the open this morning DAX has smashed back upwards through the Outer Trend line a good signal that the bias has now changed. For me personally I...
S&P 500 GREXIT SHORT WEEKEND PLAN Wait for rise into 2080s then enter short with stop at 2096 Bet is that weekend chaos ensues causing a drop into Monday
It could be said that it is slightly strange that the Euro isn't weaker. As of writing, EURUSD is trading at 1.1040 after seeing lows of 1.0458 back in February 2015. From March last year until February this year, EURUSD was in a very steep downtrend with a range of ~3500 pips. Since then, the pair has remained relatively stagnant, after seeing a bounce off of the...
My thing is this chyper is so high level risk trading because have very high price level aroud 1200. But we will see what will be with greece today in eurogroup meeting.
Current price action is at 11100 YES vote - 11600 (+500) NO vote - 10600 (-500) Notes: 1) Upper GAP unfilled at 11521 with the 100 DMA sitting at 11542 (coincide close to the downward channel) 2) Still trading within a downward channel 3) Price still trading above the 38.2% 10852 with 50% yet to be breach at 10375 4) Price still trading below the 20 DMA 11183...
Update: the market responded late to this trade. The gap somehow invalid the forecast ____________________________________ The last bullish momentum was just a gap-closing action. Demand seems too weak to expect another bull impulse. All clues leads to a short position.