Dear traders! On D1 we see the trend has changed then the market moved into the adjustment and distribution phase and reached 66,000 USD. Accordingly, the resistance area at 2350 USD continues to hold the price amid corrections and sell-offs. But! There are signs that the triple top pattern is gradually forming (with 4 waves confirmed by the market around the...
BUY ABOVE - 49890 SL - 49670 TARGETS - 50100,50250,50550 SELL BELOW - 49670 SL - 49890 TARGETS - 49530,49290,49050 NO TRADE ZONE - 49670 to 49890 Previous Day High - 50250 Previous Day Low - 49670 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Hello, friends who love trading EURUSD! Today, we’re observing EURUSD continuing its downward trend, with the price currently hovering around 1.080. -Market Recap: Yesterday's Action: Following the news, EURUSD quickly surged and filled the gap but couldn’t sustain the upward momentum for long. Technical Outlook: Price Pattern: The pair is trading within a...
Dear friends! Today's world gold price is listed on Kitco at 2,314 USD/ounce, an increase of 11 USD/ounce compared to yesterday's trading session. Currently, traders are worried about the Fed's policy meeting on June 12 because if the inflation report does not show any improvement, the Fed will not signal to lower interest rates soon. This means that both the USD...
Dear traders! GBP/USD retreated from session highs but held above 1.2700 during the European session on Tuesday. The pair's near-term technical outlook highlights a buildup of bearish momentum. In the short term, if momentum sustains above 1.271 then the market will see a recovery but remain capped below 1.2800.
Dear traders! EUR/USD is trading sideways below 1.0750 during Wednesday's Asian session. Traders should not place fresh bets on the pair ahead of the headline US CPI data and Fed policy announcements, which could have a major impact on the US Dollar's performance. And if the decline continues from the GAP breakout zone, EURUSD could target the June low of 1.0719...
Dear traders! Gold prices edged higher in today's trading session, after a weak US inflation report caused the US Dollar Index and US Treasury bond yields to fall. Besides, gold prices are having new buying momentum due to consumer prices cooling down more than expected in May, according to some economic experts, this could create an opportunity for the US...
Dear traders! Overall, Bitcoin is still trying to create a wave of recovery after hitting the $66,000 support mark. But the upward momentum so far appears to be weak as buyers lack motivation to overcome resistance at $67,600. This is followed by the next key resistance level which could be at $68,500. There is also a connecting bearish trend line forming with...
... for a .53 credit. Comments: In for a penny ... . In for a pound. With the July 19th 28 short put looking ripe for assignment (it's still got time, so you never know), adding a rung here out in Sept (there is no August monthly yet). The current position is a Dec 20th 29 Covered Call with a 28.44 break even, a July 19th 28 short put, and a Sept 20th 25...
Looks like a bullish flag, just bought some calls as shown. I'm expecting a breakout of the 210 resistance.
-1545 +1540 Jul 12th Premium: $170.00 on $834.59 capital, or 20% gain... will look to close at 50% profit or 10%. Learn Options Trading via DorianTrader
BUY ABOVE - 49890 SL - 49670 TARGETS - 50100,50250,50550 SELL BELOW - 49670 SL - 49890 TARGETS - 49530,49290,49050 NO TRADE ZONE - 49690 to 49890 Previous Day High - 50250 Previous Day Low - 49690 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 23400 SL - 23370 TARGETS - 23500,23600,23700 SELL BELOW - 23300 SL - 23370 TARGETS - 23230,23150,23080 NO TRADE ZONE - 23300 to 23440 Previous Day High - 23440 Previous Day Low - 23300 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
... for an 83.77 debit. Comments: Some of the only red on my ETF board ... . Here, selling the -75 delta call against a one lot to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. There is also a divvy to be had some time in June, with the last distribution being .73. Metrics: Buying Power Effect/Break Even:...
... for a 30.31 debit. Comments: Decent 30-day IV at 34.0%, but I'm primarily looking to position myself to grab the June dividend. IV is skewed to the put side in this underlying, so the general go-to would be short put, but to grab the dividend, you have to be in stock. Because I want the extrinsic in the short call to exceed any dividend, I'm basically...
Dear traders! Just like my previous expectation, EURUSD, after being rejected at the 1.0732 support zone and the bulls tried to hold on, the price has recovered with a corrective trend. According to the Fibonacci tool from Trading View, it is expected that if the momentum increases, the next EU recovery points will be 0.618 (i.e. 1.0802) and 0.5 (i.e. 1.0824) and...
Dear traders! The Dollar Index price is currently falling near solid support at 104.97 including several old peaks that appeared at that height. The blue 89 EMA simple moving average also located at 104.80 will likely provide some support. On the downside, a decisive break below support at 104.97 would signal a downside continuation to a possible target at the...
Dear traders, EUR/USD is having difficulty holding the 1.0800 support level recently. The upside is limited above this support level as rising political uncertainty in the EU, following the snap election in France, weighs on the Euro. Meanwhile, upbeat US NFP data tempered Fed rate cut expectations, adding legs to the US Dollar's rally. EU Sentix data...