Hello Traders, GU looks like a very much a down trend for the past week. Therefor, trading it to the down side would be your best bet in your favor. As you can see the the candles are retracing to mitigate anything to bring back in profit to continue to a sell/short. Possibly would hit to the 23.60% or to 50% once again retracement to reach to the target area at...
We have been oversold on the RSI for a minute now and the few times it has touch oversold territory we have gone up! Even with Jerome Powell, trying to scare the public and the FUD that has been circling around we are still good! When in doubt zoom out! Things are starting to look good and the month of February should be a good one. The bottom was set on Monday...
The main event of yesterday, and of the week as a whole, was the announcement of the results of the meeting of the Fed's Open Market Committee. Not to say that there were any special surprises, but the general hawkish tone of the Central Bank gave another reason for the sell-off in the US stock market. Of the main results, it is worth noting the fact that the...
Bearish based off past 2 sessions. Also based off Weekly/Daily Market structure I am bearish on this pair as we move into Interest Rates. It appears we may have done a liquidty pullback as the market prepares for the News. If we go down i'm looking to scalp as we go down to 1.25250
The financial markets are exceptionally restless and volatile. Tellingly, there is no unity among financial market participants. As a result, the US stock market and the cryptocurrency market are frantically chatting. Perhaps the direction will return to the price dynamics tonight. Everyone is waiting with bated breath for the outcome of the two-day meeting of...
Today is the day when we expect the Interest Rate decision for the USD. It doesn't matter if there will be any changes, we're still expecting some moves. Because of the news and how risky and unpredictable they are, we suggest looking for an entry only when the news are over! We think that there is a higher probability that the downtrend will continue. If,...
Market Structure is Bullish on the Daily TF However Market structure is bearish on the Weekly TF Not super excited to buy at these prices Looking for us to come back down to 1.257 Thats where I'd buy at least. This is Based off my DXY Bias , Where I'm anticpating a pullback from our daily resistance zone for liquidity in a trend. It is possible we continue to...
Yesterday were published data on business activity in Europe from Markit. On the one hand, everything seems to be not bad: business activity in the service sector and manufacturing is growing (indices above 50). On the other hand, in most cases the data came out worse than expected, and in the service sector of the Eurozone it is generally at the lowest level...
The past week can be safely called waking nightmares for buyers of risky assets. On Friday alone, the cryptocurrency market lost over 10% (and, by the way, there is no queue of buyers, and after all, Bitcoin is already 50% cheaper than it was just 2-3 months ago), and the US stock market, represented by the Nasdaq index, showed the worst week since spring 2020 and...
This one may be a bit risky but valuations are below the historical average and there's is some possibility that the divisions we've been seeing over COVID vaccines leads to a more local-focused population. People getting back to what's real and the issues that actually affect them in order to recalibrate to a sense of normalcy. If there is a tech hangover, I...
GBP/USD next stop to the downside looks like 1.3475 (roughly 90 pips) away as pressure builds around 1.3570. We would anticipate further movements to the downside today however this could kick off the tone for next week as well. Lots of bearish confluences on W/D/4H along with this 2H breakout and moving average crossover. We will keep an eye on this pair and...
Not so long ago, we wrote about insider sales, which in 2021 significantly exceeded the figures of the previous year. There was some more information yesterday. Total insider selling hit a record $170 billion last year, up from $94 billion in 2020, according to SmartInsider. Indicative in this regard is the example of Peloton. According to SEC filings, Peloton...
Quite a lot of inflationary data was published yesterday. Prices in the UK grew at the highest rate in the last 30 years (5.4% on CPI). Similar figures for Canada - consumer prices rose by 4.8%. As a result, US Treasury yields continue to rise as markets discount for the tightening of the Fed's monetary policy. In addition, Germany's 10-year bond yield rose above...
An Idea I have considered.. feel free to share your comments and hit the like button if you like my idea.. wishing you all the best and remember obedience and disipline is what will make you a profitable trader.. 🤑🎯🚀🙏⌛💵
Perhaps it is too early to say with certainty that the wind in the financial markets has changed and turned from the north to the south, but the feeling that something is happening does not leave. One of the signs of a change in market reality is the formation of a desynchronization in the price dynamics of assets. The stock market, and the crypt, continue to...
One would be forgiven for being distracted by the rigmarole that is British Politics at the moment. Is the Prime Minister on his way out? I think the writing is on the wall on this one. Nevertheless, this will reward those who seek to capitalise on the captain of the ship’s scalp being acquired by his backbenchers he helped shepherd in to office. Looking to the...
One would be forgiven for being distracted by the rigmarole that is British Politics at the moment. Is the Prime Minister on his way out? I think the writing is on the wall on this one. Nevertheless, this will reward those who seek to capitalise on the captain of the ship’s scalp being acquired by his backbenchers he helped shepherd in to office. Looking to the...
According to classical economic theory in the field of financial markets, it is not possible to “beat the markets” (to consistently show higher returns than the market as a whole): “You can’t beat the market.” At one time (2007), Warren Buffett tested the theory in practice, making a million-dollar bet that hedge funds over a period of 10 years would not be able...