IamBusinessman1rst-Trader2nd

IamBusinessman1rst-Trader2nd Pro

Interesting level to watch on EURGBP. If it breaks down with momentum (momentum would be the key), then a short opportunity might present itself either on immediate retest or on a pullback (depending PA characteristics of the Pullback).

IamBusinessman1rst-Trader2nd Pro

A reversal trade might set up, but first we need to see buying pressure on lower TF for confirmation

IamBusinessman1rst-Trader2nd Pro

If EURUSD breaks this support zone (consisting of Median Line and the minor demand), then there could be shorting opportunities (pullbacks to minor supply zones on lower TFs)

IamBusinessman1rst-Trader2nd Pro

This exhaustion gap is the first signal of weakness. The few bars before were kind of inside days, so any sign of rejection in the previous bars was just supply consumption driven by FOMO. Next overhead resistance is the 0.618 fib level. The volume should start giving clues as well.

IamBusinessman1rst-Trader2nd Pro

XLF D1 - struggling to break resistance. Not a short signal, but worth watching if there will be developing selling pressure on lower TFs, and then reassess. The implied volatility is low, so maybe buying a put to limit risk to the upside.

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TSLA D1 - is getting rejected from resistance. It should struggle to break through given it almost doubled in price within a month. Good zone to initiate an option spread. I wouldn't short it with stocks, there are too many emotional traders chasing TSLA. But volatile stocks provide good opportunities if traded with limited risk as reversals from extended key levels.

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BA is extended and struggling at key zone of confluence. The stock currently has relatively low implied volatility in comparison over the last few months, so it is setting up for legging into a high probability option spread.

IamBusinessman1rst-Trader2nd Pro

RUT D1 is breaking out, it will be interesting to see how long the rally will last. Next week will be interesting because there will be FOMC, Non-Farm, and earnings season is picking up

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AUDUSD D1 is at key level, and we seem to have a price cap developing on LTF

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Monitoring AUDUSD on intraday timeframes to form a price cap. I don’t like the impulsive move on H1 into this zone, but D1 takes precedence and there might be shorting opportunities tomorrow during London session, providing there will be a valid price cap to confirm the end of this trend. However the RBA has not ruled out another interest rate hike for the...

IamBusinessman1rst-Trader2nd Pro

USD Monthly is at at Median Line. It's a very long term timeframe, however it still relevant information for position and swing traders. Then again, line is just a line, and ultimately it's the price action around supply/demand zones which provides the trading opportunities.

IamBusinessman1rst-Trader2nd Pro

AUDUSD D1 - trading near key level. . . . . . . . . . .

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EURUSD D1 - getting to get rejected from zone of confluence. This zone could play vital part causing the in DXY to reverse. Other USD pairs including Gold near key levels as well. This week in FX will be worth to watch.

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BOs are safe only when the market / sector looks healthy, otherwise it’s much safer to wait for PBs. Second mouse gets the cheese.

IamBusinessman1rst-Trader2nd Pro

Gold is extended and at confluence zone after almost 20% run. Profit taking and bit of a correction or at least at pause is expected. Gold and Silver often have false breakouts, so a last brief spike would not surprise me.

IamBusinessman1rst-Trader2nd Pro

SPX D1 - Price is tightening under 200 EMA. Contracted volatility always eventually reverts to the mean over the time. At this stage it's better not lean in either direction

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Another stock that seems to respect median lines and provides good reversal zones for option spreads strategies, especially around earnings next week

IamBusinessman1rst-Trader2nd Pro

SLB D1 –rejection from W1 supply, and from TL. Earnings are coming up.SLB D1 –rejection from W1 supply, and from TL. Earnings are coming up.