With the news that the CDC is pausing J&J vaccine distribution due to blood clot issues.
I'm assuming we should see it tank at the open? You're guess is as good as mine.
In my opinion if we see price drop it should be a good time to buy, because everyone else is selling.
The level I'm interested in is $147-$150.
It is an untested point of control where...
📌 @ridethepig G10 FX Market Commentary 18.12.2020
Another early breakfast for Pound sellers, brexit occupies the sentiment throne and optimism has clearly vacated! Pound now has its eye on the breakdown as expected since yesterday and even a wishy washy deal will be a sell in the short-term. Johnson and VDL taking it to the wires will turn out to be the...
📌 @ridethepig G10 FX Commentary
This linkage between the retracement and the impulsive wave is classical, believed only in absolute directional moves; ....sellers of UK assets are a forced to be reckoned with and such a move in 80 cases out of 100 will be considered worth playing.
I am dropping the figure from 1.350x to 1.345x because I expect...
📌 ridethepig | Chart of the Week
This illustrates the struggle of the retrace. Motto: first map, then position, and finally destroy.
Those that remember the infamous chart from Johnson elections will remember we are back to square one, another year has passed with the direction focused on a necessary component of 'how to make the country less worse off'. This...
♟ Another clear map for us to play with Brexit and the U.S. elections acting as the main price drivers.
A double top is a purely tactical weapon. It is terrible compelling; even for the most unaware retailers who will jump in - so we are tracking for flows driven to the lows after a double top.
We shall close this Brexit chapter with some strong short GBP...
The economic landscape and political development
📌 What the less advanced participants must know about the Brexit saga and economic development
First a few reminders.
We call the resistance area drawn across the first chart our ' Loading Zone ', and here the word...
A quick chart update here for today's flow which is essentially intended to cast some light over No-deal Brexit motives.
In all cases, losing market access is a bad idea in the short-term and particularly when done frantically. The apparently desirable opportunity to cause maximum damage from Downing Street with NDB is playing an important role...
Best covid stock around, favourite TRUMP company ever, solid as fuck.
I'm betting that will create a new ascending channel on the yearly support.
Can take a week to play out, stop loss if it breaks 2020 support
TARGET 1 154
TARGET 2 157
📌 Here we have a relatively straight forward move in play.
After EUR held the lows buyers can follow through; true, clearly sellers are not in control and failed to obtain the powerful ABC sequence main target. In other words... buyers are aggressive, GBP exposure would be better off elsewhere. The mobility of UK market access will contract (at least in the...
Hello traders and analysts,
Here is our take on GBP USD - the trade is active, with FX it is a moving target so we will look for an additional entry upon a nice supply up coming but will it hold? the answer is yes, so price reacted at our 0.705 and resisted - now we have a long aiming to close into the purple zone. what has changed since the last chart?
On the UK side, we are still on track for a NDB and loss of market access in the short-term. As long as the June highs are holding at 1.281x then I favour the sell-side, watch for 1.252x and 1.228x below as we enter into the ‘eye of the storm’.
For those in...
What are we trading here?
A counter any false conceptions that we will see a Brexit deal. All headlines produce an immediate effect for trading: wait patiently and quiet and justify fades:
Here the static weakness of GBP can clearly be recognised....
Stock has seen a breakout from the 3 month range in yesterday's session.
The breakout happened with good volume as well.
RSI is also in alignment with the breakout.
Now if stock sustains above 2400 levels, there is high chance it is moving towards 3000 and 3300 levels.
Trade type : Positional
Risk Reward :
The long run positional struggle for buyers which comes from their immobility to find positives in the Brexit debacle. It is extremely important to note the coming years of UK growth are harmed via the presence of protectionism, the fundamentals have widely been discussed here: