The GOVT ETF, representing U.S. Treasury Bonds, shows signs of a potential bullish reversal, according to our proprietary QuantEdge Momentum System.
Key Indicators:
Z-Score:
The Z-Score has surged to 1.60, signaling an overextension to the downside in the past months. This indicates that the recent downward momentum might be exhausted, leading to a possible...
Market Context
Exciting times as we put our new trading system to the test with POLYXUSDT!
Strategy: Buy the Dip
We spotted a trendline break on the 5M chart and used adjusted Fibonacci levels to set up our limit orders. Here's the plan:
LIMIT Order 1: 0.5169 | TP: 0.5415
LIMIT Order 2: 0.5080 | TP: 0.5163
LIMIT Order 3: 0.5000 | TP: 0.5078
Results
We hit LIMIT...
Yesterday; I called for a move down from strong level then up. We got the down to the buy level and we got a bounce but eventually it closed near the lows with price unable to break the BZ.
If I were to short, I would like to see a re-test of 1.0904 strong level for a rejection to target 1.0862. If market just move down from here, I am looking for a possible...
On Friday, I called for a move higher. It nicely hit my level and came down back to PZ.
Price action is still neutral to bullish and trend is up. Could see a deeper pullback to 1.0982 but look to go long for a move higher as long as BZ holds. 1.1062 is next target.
Well today was 2 trades... same setup:
From the today PLAN :
I think 4287 may play an important role tomorrow. At time of this post we last traded 4290.
Go long if above 4287 at 10 am or
GO short if below 4287
This worked out for +30 move down
Thank you for watching. If want to know more link is below.
On Friday, I said to look for a pullback in GBPUSD after a move higher (). The turning point I gave almost marked the highs while the target I have at 1.2550 capped the lows. Yesterday market moved higher, dipped but moved back the highs. Near term, DXY seemed to have found a top (bottom for GBPUSD).
Today, UK is back from the holidays yesterday thus expect some...
Yesterday was a volatile day for GU. I said 1.2766 or so could be a turning point with EU 1.0880 (). That was much the top for GU (EU did not go as high) as market start to come down, and sold off even further after a re-test of OP, down to 1.2620 where a double support is, and market rallied on the news closing with a long wick. Time for DXY to turn?
If you look...
Let's review. Yesterday () I was looking for upside in GU and EU, with 1.28/10 as strong resistance and for EU 1.0936. Market ended up going to 1.28 for GU and 1.0930 for EU, finding resistance before coming back down, with EU forming new lows. The 1.2724 level which I gave initially was good for another bounce. But what's for today?
I would say that price...
Yesterday's levels () worked well, with confluence with EURUSD.
EURUSD held the PZ while GBPUSD was weaker but eventually the level I gave 1.2714 worked perfectly for a move to 1.2760, though less than the 1.2776 resistance.
What's for today? Yesterday's move was labored but eventually price moved higher and it is now above the WBZ. EURUSD price action was...
Market came down very slight yesterday, and was supported at PZ, forming a tweezer type of candle. Similar move this morning with the down move to test yesterday's low but now market 20 pips higher. USDJPY is weaker but overall, yesterday's price action is not a clear reversal candle.
Possible move for today, IMO (with important AUD news later); the thesis would...
On Tuesday, market formed a doji and I said yesterday that expect a move down to re-test the lows (20 pips) and I was bullish DXY but indicate we might see risk off. Market hit the lows, did a fake out, then rallied higher. The BZ gave the lows and DXY did go higher and indices was risk off but still USDJPY went up.
Today, we are approaching 139.89. It is a...
Yesterday was much a risk off day with indices coming down but USDJPY ended flat as USD continue to shine (I am bullish on DXY and still is).
Other currencies showed bearish price action against yen. But if you look at the daily candles, not much clue on the next direction; price look like it is just consolidating. Yesterday's candle is a doji; will it be a...
⚠️ Reaction from BUY area ..!!!
🟢 Try to BUY🔼 all the Dips !!!
🟢 Confirmation 1147.200 zone
#EURJPY Confirmation Trade direction change.
Up Trade with new high.
Stock is forming ascending triangles pattern once it crosses 2760 target of 2782 and 2800 can be achieved.
If stock breaks the trend line and trade below 2725 further fall till 2703 and be achieved
GBPUSD D1 28/03/2023
Confirm Condition Sell
1. Sideway Down
2. Support & Resistance Zone
3. Price action
When the price goes up, the RSI will go up to touch 70+ and start entry at Resistance Zone
"Since the price can change at any moment, don't forget to set a stop loss to protect yourself from potential losses."
Just an Idea from me
Thank you.
KB TRADING SYSTEM
AUDJPY D1 27/03/2023
Confirm Conditions Sell
1. Down Trend
2. Break out
3. Support & Resistance Zone
Waiting for the price to come back and test the Resistance Zone , while observing any potential price action, could be beneficial for further analysis and decision-making.
"Since the price can change at any moment, don't forget to set a stop loss to protect...
AUDUSD D1 27/03/2023
Confirm Conditions Sell
1. Down Trend
2. Break out
3. Retest
4. Price Action
5. Support & Resistance Zone
"Since the price can change at any moment, don't forget to set a stop loss to protect yourself from potential losses."
Just an Idea from me
Thank you.
KB TRADING SYSTEM
CADJPY H1 27/03/2023
Confirm Condition Sell
1. Down Trend
2. RSI 70+
3. Retest
4. Resistance Zone H1
"Since the price can change at any moment, don't forget to set a stop loss to protect yourself from potential losses."
Just an Idea from me
Thank you.
KB TRADING SYSTEM
