Covered some USDSEK profits and put them into the Aussie Covered USDJPY and profits and put them into USDCAD The weekly chart of DXY just had a trendline break and is sitting on the 0.5 fib getting us into some pretty key levels
I got faked :0 thats allright tho, the USDSEK trade from a few days ago is making up for a few recent losses and then some.
$UAL beat earnings last night and finished on the day as an inside hammer. Calls over $51.71 Targets: $52.13, $52.48, $53.12, $54.51 Puts under $49.94 Targets: $49.66, $48.56, $47.71
the past few weeks i had a bearish outlook on DXY and the basket pairs, not anymore. Starting to build EU shorts whilewaitng for UJ
DXY is finally out of the HTF consolidation zone. I believe this bull run is just getting started and this pullback is just the natural breath of the market. On the LTFs I will be looking for bearish entries on EURUSD and bullish entries on USDJPY as DXY comes in to test the 0.618 retracement of the 2021-2022 bull run. Please disregard any previously posted idea...
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Multi time frame analysis of GBPAUD is pointing to a nice short area around the resistance of 1.78! The areas highlighted is a rough area of where I'm looking at taking a trade from, I do think we will see a downside move very soon even if its just short term... Good luck and have a fantastic weekend!!
Bias: Bullish Top Watches: Long - SOFI, UBER, TSLA, CCL, LYFT, PFE, PLTR, LVS, NVDA, CMCSA, PDD, ET, DVN. Short - BCRX, JNJ Follow my page for daily pre-market reviews and trade ideas.
NSE:BPCL ADD THIS IN YOUR WATCHLIST AND TRADE ACCORDING TO THE GIVEN LEVELS ONLY. YOU CAN KEEP STOP LOSS OF ALL TODAYS HIGH POINT AND GO FOR SELL POSITION.
So price making some nice moves giving us a nice direction for now... ill be waiting for a retracement to catch the next leg up!
Bias: Neutral, leaning Bullish (Bull over 380, Bear under 376) Top Watches: Long - UPS, GM, KO, GE, F. Short - CLF, GLW, XRX
Bias: Bull Chop Top Watches: Long - RTX, MSFT, UAL, CRM, RCL, SNOW. Short - PDD, TSLA, JD, NIO, YUMC
So price right now is grabbing my attention as we are at a way better spot for entry, 61% retracement at the time of writing this so definitely interested in buys if we continue this rejection. Remember its the start of the week so stay patient we will always have opportunities throughout the week so no need to rush any trades.
As expected price made a lovely rejection from the bottom of this consolidation zone and break out to the upside showing that we could be in for a longer term trend change. Ill be looking for price to make a pullback from the bullish move and look at catching the continuation leg to the upside. Wait for the best risk reward and follow market structure, price more...
Will be looking for rejections on either side of each support and resistance within this consolidation zone we have created on the 4hr.. Possible rejection for a reversal? we never know and id rather be positioning myself for entry's to try catch it if we see that scenario.. but also as always never forget overall downside direction the the different time zones!
Still just watching and waiting for a better direction as hopefully 1.38 resistance can hold strong and create a short entry once again... End of the week approaching so I wont be entering unless we get some more momentum shifting to the downside..
Bias: Neutral Bullish Top Watches: Long - NFLX, GS, BA, AMZN, WFC, ABNB, UAL, RCL, TSLA. Short - N/A
Just thought id update as its happening, hoping to see price push up and make an early move to the upside. If price breaks this minor support it could possibly give another area to look at another position so dont stress and never feel like your to late to place a trade the market will provide opportunity's all the time.