TVC:JXY
This chart forms part of a larger research note and should not be considered financial advice. Please do your own research.
Trading is reactive not predictive take not on how prices act on those key highlighted levels and be aware that Fundamentals and industry sentiments play a role in price movements.
A quick look at the index to see where prices are trading in terms of our analysis on sunday.
NOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then...
Trend: Down
Phase: corrective
Trade: SELL
NOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
The key themes going into next week will be stimulus. The update from the federal reserve this week they showed they are purchasing high quality corporate ETF's (a new asset class for them) and amongst the ETF's being purchased was LQD . As you can see, it clearly benefited. For some that have been in the game for a while, front running the FED has never been our...
In 2019 we had what, at that point, seemed to be a break to the upside (Jpy pairs weakness) of a triangle. The beginning of March came with a big reversal from 100 zone resistance and Jpy index is trading now at 90 support zone. I expect this support to be broken and 2020 be dominated by Jpy weakness (JPY pairs uptrend)
