This is a swing setup waiting to play out. Risk accross the board is not looking healthy. We will see how it behaves this week.
Shorting AUDJPY with a hard SL of 50 pips and tp 150pips. I think risk starts lurking with SPX already reaching new levels. China's latest piece of info showed a slowdown in global growth. Maybe soon others will follow.
Hello dear traders, As the title says, when in doubt, zoom out! BTC faces many challenges along the way and it is a great asset to hold for the near term. I am actually in a swing trade from 22790. I think equities ended the month strong but usually there is USD weakness at the end of the month(July) according to seasonals. They played quite well. Now many...
Spx had a pretty nice run till the end of month which was kinda expected after being hammered for such a long time. The earnings were meh, some good, some strong...But overall i think we are at a major key resistance and probably a pullback is due... Probably Monday consolidation and then Tuesday coming down
I am expecting something like this for BTC to take retest the breakout. I got already filled from yesterday at 22796 snipboard.io .. But i think you still have a chance to get back into the trade if you have some orders laying around into the area i bought. I dont want to do anything to the trade except to wait for it to unfold. My first tp will be in around 26100...
Longing Silver here as seasonality is still in, should be strong till end of August. We will hold it until then or TP. Precious metals seasonality starts from June and ends in around mid-september but i think this is a good hold for now and to eliminate a few big events coming into september.
Relong eurusd...recession in the US incoming. GDP came in very bad....this will pause the fed a bit... i am thinking they will ease the rate hikes, i dont know how they will try to tame inflation... but this is a very good RR
Hello dear traders, We are taking this low risk high reward trade for EURUSD post FOMC meeting. Even though the Fed hiked 75 bps, Powell in his declaration said he will be data dependant moving forward. We are expecting the data to deterioate and we will see in a few hours the GDP print. Good luck to everyone
I am longing NZDUSD here with a wide stop loss. Last trade i got stopped by just 10 pips...frustrating, it happens. I am re-entering the trade and will probably add on a clear break above resistance area&retest of that area.
Short term should provide a bit more upside as stonks are recovering.. The market is very volatile these days so please be careful out there and use proper risk management, also today is Friday so expect some irrational moves later in the day.
I am placing an order to short SPX at 3940 with a tight stop at 3980. I am expecting some big moves tomorrow with the FOMC meeting. This is a small position for now as market is very volatile these days. Will probably get back to full positions once we have a clear direction
We are shorting here with a big target in our mind 126.600 ..We'll tailor the trade after tomorrow's GDP print but we think it will show a slowdown so that will put the Fed on hold as Powell mentioned they will be data dependant.
I am placing an order for AUDUSD at 0.697 with a SL 0.691. I think if we manage to close above this daily trendline we can go up for a bit more. I am not going too wild on this one. Just being super patient ahead of FOMC. We could see some strong moves before fomc and then come down aggressively depending on the fed. Take care out there
Shorting EURJPY for a swing trade. Not a fantastic RR but i think we will head lower. I am using 0.1% risk for this specific trade. I missed a bit the entry but i had to wait after ECB for the market to cool off as it just went up and down.
Shorting USDJPY here.. Yields are coming down a bit. As i said in my previous trade..The RR is better on the downside
USDCAD looks like its about to break support. I am aiming for a 2.5R trade...Will probably add on a retest of the support if we get it.
I am relonging CADJPY. i got stopped by 1 pip in my last trade..i still think there is some upside to go. 0.25% Risk for this trade. Will see how it goes now.
Longing GBPUSD here. I would say to use less risk ahead of ECB because we might see some volatility due to EURUSD...i have taken a small position and i will add if we clear 1.20400 area