On the GBPAUd pair I have identified a prosperous trade setup, an opportunity to go short. The GBp has recently not met a deal for the Brexit agreement which means the Sterling will soon be on its own. The impact this will have on the market will ultimately push the Gbp down to lower levels, I am personally seeking 1.6500. Also the Feds are speechless as to if...
Whats up Traders
Total Breakdown . . .
December is slow and low volume, and the bulls just are there to prop up this fizzling market right now.
I think our next major stops are:
and / or
FOMC news release on December 19
If the fed maintains their hawkish stance, be ready for MORE PAIN.if they even hint at dovishness, be ready for a rocket to the...
CADJPY has recently interacted with a key weekly support level of 85.60 with weekly 38.2 fib confluence and bounced breaking through a key trendline resistance. Technically this looks good for a long set up now we have created a higher high on the 4hr timeframe. Looking for price to retrace back into the 4hr highs around the 86.40 zone highlighted with the...
The investors reacted to the rate increasing decision made by Feds with a lot of uncertainty - Here is why.
What's the most important to know is that this decision is just a small part from a bigger plan which has the purpose to bring back the money in the banks from the economy (the markets are included). And of course, the questions always remains the same:
- Risk event: Fed minutes + press conference. Market is pricing a hawkish Fed (rate hike + additional one hike in 2018)
- Technicals: 38.2 Fib + 200 DMA @ 1.1780 -> Market will be volatile with Fed, stops around this level will be hunted -> dont trade ahead/move trailed stops out of the noise, at least 1.5-2%.
Looking at the Monthly charts, it was already evident that the long term trendline at around the 1.23000 level was rejected for the 4th time and in the process to conform the break to the further downside, this pair formed a H & S PATTERN evident on the weekly charts. However you might be asking why is the pair not trending down as its suppose to and instead...
Here we have the DXY on the weekly, what we are looking for is a drive lower to push out the now 'Net Longs' and to put them offgurad and to attract short sellers into this market.
Next we next to see a higher low somewhere in the regions of the highlighted area, in order to look for SHORT opportunities in the likes of:
OR by going...
I have been watching this setup unfold and am really looking forward to the overall short trade that is coming here. I expect the corrective structure that we are currently in to complete with wave 3 to the upside and will then be looking for a reversal on lower time frames to enter this short. I am trading the wave 3 leg to the upside as well.
Take note of the 3...
Every hedge funds and their wife, dog, cats, kids are short bonds.
Everyone is trapped in the narrative of the FED's rate hike.
The bus of short 10 year treasury is full. Its time for a train derail.
In a risk-off environment, do you think the FED will ever hike rates further?
Adding another level of uncertainly is the...
"We recommend selling NZDUSD targeting 0.7130 with a stop-loss at 0.7315, implying a reward-to-risk ration of 2:1 (spot reference: 0.7252). In stark contrast to the Fed, the RBNZ is likely to strike a dovish tone in its March Statement, given recent disappointing activity data. Following the February MPS meeting, Assistant Governor and Chief Economist, John...
Hi guy's, in this week's video I mentioned the continuation higher in AUDUSD to fulfill at least the minimum requirements. This has been done and our original buy's have been succesful. Next the rate decision is on the agenda.
In my video I also explained the difference between a continuation and an extension. The daily time frame does not show one unique wave to...
EUR/USD falls to 1.1836 amid progress on tax reform
In line with forecasts, an improvement in consumers’ sentiment dragged the pair to the weekly PP at 1.1864, while the subsequent news that two hesitating senators agreed to join other Republicans to support tax reform pushed the pair even further to the monthly R1 at 1.1826. As this barrier is located slightly...
This morning as the beginning of Asia session you can see that the market bid up AUD prepping for a good Trade Balance Data. This is kinda hit and miss historically, I just did a quick statistics analysis to data release since end of 2013 and the missed forecast currently at 49%. Not very encouraging for a certain bet.
The price action up until the announcement...
The USDCAD pair has been sideway after a quick drop and rebounce as 3 of the Fed members spoke dovishly.
Today is gonna be a big day for CAD. Generally since Bank of Canada is expected to keep rate, the hint will be in the statement so we may see a bit more volatility back and forth during the announcement as people figuring out their next move. Looking forward...
For the longest time we have stressed price action and 20MA on this monthly chart. Long-term view is still long with short-term bearish bias to end by mid-to-end Fall of 2017. Keep an eye on price in relation to this moving average historically...let us know if you think it's a bearish or bullish trend, we love to hear your opinion.
Between a weakening DX and the potential for a couple more rate hikes this year I am looking for one last push in Gold prior to a larger move down. Keep in mind this is an October contract GCV7 chart as this overall play may push into the next couple of months to play out.
Enter Short: 1267-1270.7