This week we will be looking for bearish continuations on USD/CAD after a clear-cut rejection of 1.3400 last week on both the 4 & daily timeframes. Should the upper zone of liquidity break, this would need the US500 and DXY to react positively to the current geo-political news distorting the derivatives market pre-U.S. N-Y session. 23:34:32 (UTC) Sun Oct 4, 2020
After the broadening wedge was broken, price action remains solid as DXY continues it's climb upwards with consistent higher-highs and higher-lows. We are seeing a retest of the upper DTL of the BW--of which remains a solid level for resistance. This will be easy to take advantage of next week with the U.S. dollar.
Over a +100 pip rejection of the market structure shown on the 28th of this week. Perfect rejection w/ upside wicks at the KL of 1.34. Easy money, after a long and confusing week of price action across most major USD pairs.
Remaining bearish from the mid 40s to the low 43s as stated in the last few weeks. Well done to all that took this trade short this week and remained true to the uncertainty of this (fundamentally dead) industry (shale, WTI). #OOTT
Interesting week. Not much trading for me, but if anyone want's to see myfxbook (verified) shoot me a PM and I can show you how trading went for me this week! As you can see from earlier in the week, the technical structure of this downtrend has remained true, thus giving me an UNCH in bias remaining bearish.
The U.S. 10 Yr. Yield Jumped over 5.2 BP to +7% , following a full in prices post debate. This is the highest since sept 18th.
GU Short Structure for 14:45:15 (UTC) Tue Sep 29, 2020
14:25:26 (UTC) Tue Sep 29, 2020
Looking for current rejection of 3350 to be confirmed to take SPX short this week to 3200 KL. 15:05:38 (UTC) Mon Sep 28, 2020
Please ensure proper risk-management if using my TA inline with out own trade. Details: 8.44 lots, -1.33% risk from account equity--calculated from the stoploss given from the entry shown. Drawdown is expected with this trade, and I will look to scale into this position in alignment with my personal trading strategy.
Looking for Euro shorts down to what looks to be a possible right shoulder on this current technical Inv H&S.
GBP/USD Short Setup for Asia 9/28
Beauty of swing trades that go with the ratios of life. This was a perfect trade, and was given on the 12th of this month.
AUD/USD: Closed @ +290 pips, -.03% DD, 15% profit. All trades are verified by a verified cash account backed by multiple other trade verification services.