Ok so the New York session is in full force and based on what we see on the DXY its really time to short the US Dollar!
We found this nice setup on EURUSD long... and plenty of the charts agree with the 1H giving us a gorgeous pin bar, aside from that we have a major contraction on the 4H chart indicating a reversal is near.
The DXY is showing excellent selling...
On Friday I analyzed GBPUSD for a short opportunity, I was wrong. After the currency pair was broken down, I identified a strong sell opportunity as displayed with my technical chart work. The GBPUSD currency pair was in a 4hr range for the past few weeks and is now showing signs of a breakout emerging. In my opinion that breakout was to be to the downside seeking...
NYMT - New York Mortgage Trust
This is one of my dividend holdings that I picked up today (1,000 shares). Not only does it pay a fantastic dividend, but we are right on the cusp of a long-term breakout and constantly above earnings expectations. Multi-year hold.
My entry of 1,000 shares was at $6.33 on Friday, February 8th 2019. More info at wingtrades.com
Price action on this pairing is giving us so many good opportunities to make solid trades off of such a clean channel pattern.
With Long term resistance remaining essentially breach-proof during this consolidated bear/flat channel since the beginning of February, the time to trade it short off the D TF is right about now.
My stop loss is even with the previous...