CPI not as spectacular as previous, but price did breakout on the descending channel. Took out some local highs. It bounced on the HTF support of a daily/weekly rising channel. Localy that looks like a HL double bottom right on that lower base/support. Notable is that most big volume spikes where created at the bottom range of the consilidation, rather than at the...
The EURJPY pair is currently displaying indications of a potential short trading opportunity. Here's an overview of the market dynamics and factors to consider: Current Trading Situation: EJ is presently trading within a topping range, contained within a larger channel that features a lower base broadening pattern. Notably, the price trajectory has been marked by...
EURNZD Potential Short Setup: A potential short setup is emerging for the EURNZD pair. The upcoming CPI (Consumer Price Index) data release holds significance as it could act as a catalyst for market movement. If the CPI comes in lower than expectations, it may trigger a favorable scenario for a short trade on this pair. On the other hand, if the CPI data...
Here's how Chinese PMI can influence copper prices: Strong PMI (above 50): A higher PMI reading indicates a growing manufacturing sector, which is a positive sign for copper demand. As manufacturing activities increase, so does the need for copper, as it is an essential material used in various industries, including construction, electronics, and infrastructure....
Potential short setup on the USDJPY. A potential short trade opportunity could arise if the ongoing local rally loses momentum, causing a break of the rising broadening channel. In this scenario, it will be crucial to observe whether the pair convincingly breaks below the Point of Control (POC) level, as this could confirm the validity of the short setup. On the...
Potential short setup brewing on the Kiwi. The pair has failed to break it's 3 week high so far and showing a triple top formation. This might indicate there is not much conviction from the bulls to breakout on the top and bears might take over control from here. I personally would wait for the rising support to break on the downside and price made a clear break...
Everything pumped on cpi data, except crypto. Might be lagging. Litecoin broke out if the down channel and currently bouncing on the upper channel line, while also shaping a potential head & shoulder pattern. A break of the neckline might potentially offer a long setup.
AUDNZD currently trading within a HTF supply range. Shows the most weakness of all the Aussie pairs, which might indicate that this will be the first of the Aussie pairs to flip around.
Bitcoin not only bounced of supply liquidity, but also bounced of two resistance levels. Therefore might signal weakness in the market and might offer a nice short opportunity.
Lets dive into another stock of the long term investments and position trading portfolio. This time one out of the uranium basket as the uranium renaissance is in full swing. Currently holding 2 positions, which combined has an average price of around $23 (red circles) and looking to add Cameco is the second largest uranium mining company in the world and owns...
Next to day and swing trading, I also manage a private funds. Always kept the two separate, but let me showcase some of my holdings that next to the fundamental implications, also have some interesting technical implications right now. Let me start of with Kinross Gold Corp. Kinross is a mining company with a great balance sheet that could greatly benefit from a...
Bitcoin currently trading within a compressed pattern while clearly making new lower highs and lower lows. Might have a high probability if the lower band breaks that bitcoin will look up the 25k range before finding some upward liquidity again.
NZDCAD seems to run in to a range of supply, plus struggling to get passed the HTF resistance. Show clear signs of higher lows and lower lows and therefor might offer an opportunity for a short.
EURJPY rising in this long wedge channel and seems to change character in a supply zone. A break on the downside of the channel might offer a short opportunity. But if price does keeps rising, another potential liquidity zone is awaiting and might also offer a short set up. Overall the euro seems to lose steam and if you look on the bigger time frame of EURJPY, it...
NZDJPY bounced of a strong supply that failed to set higher highs. Overal JPY seems to gain some strength or at least showing signs of a potential correction. A potential break of structure on the left might offer a nice short opportunity, but price might still be bouncing around and get compressed before any big imbalance might show up.
AUDCAD forming a potential long setup. Price hit a potential demand zone and might bounce off it for a potential long trade. Price broke out the resistance channel (blue line) early and is now testing it on a correction of that impuls, so it clearly is a key level where price can potential bounce or have a valid fake out to short. But right now I'm betting long if...
AUDCHF hit supply, failed to break the high. Now local making lower highs and lower lows. This while volume increased in the range. Therefor might offer a short setup.
AUDCAD shows signs of a potential short. Price went in to the supply zone, bounced twice with a lower high, while volume increased at this range. A slightly lower low is already made and a break of this low might offer a trade to the short side.