thearkinitiative

thearkinitiative

CADJPY bas been moving towards previous downwards target of 76 before pulling back up. I want to see another retest of that 76 level, IF that happens and holds, i'm going in for a long trade.

thearkinitiative

EURUSD has been riding a long uptrend for most of the past 1,5week but this has now been broken. I can see bearish momentum staying for now so switching bias towards shorts now. Let's see what brings us :)

thearkinitiative

Potential short opportunity for EURGBP - Broken FIBO - Down trend respected - Fundamentally EURO is weak due to CORONA scares

thearkinitiative

- Broken Uptrend - Following CTL - Broken below 200 EMA (4H) - Broken below key support 108.6 - USD Weakness (Fundamental) (E.G. FED. Reserve 2trillion stimilus pack for economy & corona fear, OPEC+ cuts fail to push OIL Up so no good forecas for US Shale Oil producers) - Semi JPY Strenght (Fundamental) (Further drop in Oil prices, Japan is major OIL Importer)

thearkinitiative

- Broken 200 EMA (4H) - Strong holding uptrend - Broken above CTL and still holding - USD Weakness (Fundamental) - Semi GBP Strenght (Fundamental) Target FIB Extension 0.786

thearkinitiative

After 2 great calls in my trading room (forgot to publish here) another pullback might occur before going further up. - Respecting Uptrendline - Broken downtrendline -

thearkinitiative

- Break of uptrend + respected CTL - FIB Extensions drawn out for key levels - below Daily EMA (200) We could see another drop to 4K region before going bullish. Lack of liquidity due to recession + corona fears could see this move happen quicker than we think!

thearkinitiative Updated 

Looking at yesterdays daily closure, the fact we are in a new quarter (Q2) and new month (April) and no sign whatsoever fundamentaly that anyone is looking to put big money into risky assets due to corona fears and one of the biggest buyers recent months, Russia, announing they will stop buying gold from April 1 and on, bears are looking to keep the upper hand and...