Theperfectionist

Theperfectionist Updated 

Reasons of Placing the Trade: Oversold RSI and First Attempt of Pullback Sell Off Exhaustion marked by weak bars First Settlement Attempt

Theperfectionist Updated 

Reasons of Placing the Trade: Overbought RSI with divergence scheming a Supply Level Volume Increase Rejections at the same Supply Level with rotations to the nearest demand Level Setup: Sell Stop Loss: 120 pips of length @57.40 Take Profit 1: 460 pips of length @51.60 Reward: 4:1

Theperfectionist Updated 

Reasons of Placing the Trade: Exhaustion Level with RSI overbought divergence NFP ahead Low Volume

Theperfectionist Updated 

Reasons of Placing the Trade: Oversold RSI with divergence Volume Increase Multiple reversal attempts along the bearish move Setup: Stop Loss: 50 pips of length @1.09200 Take Profit 1: 100 pips of length @1.10800 Take Profit 2: 170 pips of length @1.1150 Reward: 3.5:1 and 2:1

Theperfectionist

Fundamental: Global markets rise as geopolitical fears ease, traders are cautioned not to be overly optimistic as U.S./China trade ties remain a threat to economic stability. The U.S. futures are indicating a positive open on Monday after events in Hong Kong and the UK helped ease global tensions. In Hong Kong, city manager Carrie Lam withdrew the controversial...

Theperfectionist

Reasons of Placing the Trade: Oversold RSI with divergence Volume Decrease on a sell-off. Multiple reversal attempts along the bearish move

Theperfectionist Updated 

- Reasons of Placing the Trade: Supply Level with historical sell offs. RSI Divergence. Low Volume. - Setup: Stop Loss: 650 pips or 65.0$ per unit. Take Profit: 2000 pips or 200.0$ per unit. Reward: 3:1

Theperfectionist Updated 

Reasons of Placing the Trade: Strong Demand Level Oversold RSI with divergence Slight Volume Increase Multiple attempts at the demand level Setup: Stop Loss: 30000 pips or 300.0$ per unit @9,200.00 Take Profit 1: 140000 pips or 1400.0$ per unit @11,000.00 Take Profit 2: 250000 pips or 2500.0$ per unit @12,000.0 Reward: 4:1 and 8:1

Theperfectionist

- Reasons of Placing the Trade: Series of Sell-offs and Exhaustion. Oversold Area. Low Volume. - Setup: Stop Loss: 700 pips or 7.000$ per unit. Take Profit: 2100 pips or 21.000$ per unit. Reward: 3:1

Theperfectionist Updated 

Fundamental: Earlier this week as the stock market took a horrific tumble over weakening macroeconomic fundamentals, fears of a recession sprang up as an economist focused on an inverted yield curve on treasury bonds.This week the slope on US Treasury bonds became inverted and for economists and market analysts, this is typically an indicator that a recession...

Theperfectionist Updated 

Fundamental: The biggest concern for traders is the escalation of the U.S.-China trade dispute that will likely lead to further downward revisions in U.S. and global oil demand growth. Likewise, crude oil value is pegged to the US dollar meaning that any appreciation will favour a decline of the commodity prices, as same as a depreciation drives prices higher....

Theperfectionist Updated 

Fundamentals: The U.S. futures market is indicating a relatively strong upward move after a 10% correction decline. Despite the rebound, uncertainty remains high as recession fears continue to simmer. The U.S. yield curve threw off its strongest recession signal this cycle on Wednesday and remains close to a 2 yr/10 yr inversion. US housing starts came in softer...

Theperfectionist Updated 

Fundamental: US President Donald Trump tweeted his disappointment in the Fed on Thursday which caused some volatility but did not break EUR/USD from its range. His tweet stated that he was not happy about the dollar’s strength and attributed this to the Fed, stipulating that they have kept interest rates high compared to other countries. Trump's eagerness to...

Theperfectionist Updated 

Fundamental: International-Brent crude oil futures closed higher on Friday despite an International Energy Agency report that showed demand growth dropping to its lowest level in 11 years. The IEA said global demand to May from January grew at its slowest pace since 2008, hurt by mounting signs of an economic slowdown and a ramping up of the U.S.-China trade...

Theperfectionist Updated 

Fundamental: Bitcoin suddenly soared this week as global markets had their worst day this year, rising more than 20% in the last seven days and jumping more than $500 per bitcoin in a matter of minutes on Monday night, only to fall back again. As trade tensions flared and the Chinese yuan fell, investors flocked to “safe-haven” assets like gold and U.S....

Theperfectionist

Fundamental: The main focus for gold traders remains the Chinese yuan mid-point fix because it seems to set in motion all the other events that have been driving the price action this week such as the direction of global bond yields and demand for risky assets.The People’s Bank of China fixed its midpoint for the yuan at 7.0136 against the dollar on Friday – the...

Theperfectionist Updated 

Fundamental View: Oil prices fell almost 7% on Thursday, the most this year, as President Donald Trump’s threat to put additional 10% tariff on China hammered a market already tanking on disappointment over an inadequate U.S. interest rate cut. The fragile economy and looming oil supply surplus will almost certainly be exacerbated by the escalation of the trade...

Theperfectionist Updated 

Fundamental Analysis: U.S. crude stocks fell by nearly 11 million barrels last week, the Energy Information Administration reported on Wednesday, well above analysts’ expectations for a drop of 4 million barrels. Oil prices have also been under pressure from concerns about global economic growth amid growing signs of harm from the U.S.-China trade war that has...