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Time for a USD retrace move? The US Dollar has been bullish for months... Global economic uncertainty caused by inflation, COVID, and the Russian and Ukrainian conflict have caused cash to flow to USD assets. Could the USD be currently over-valued? My analysis suggests that USD price is due a retrace move, especially on very over-extended pairs such as USDCHF, USDJPY, EURUSD and GBPUSD... Analysis for USDJPY and GBPUSD below... USDJPY - 9 consecutive bullish weeks (almost a record?) Weekly RSI currently hitting over 88. Lower time-frames show weakening upside momentum. Possible retrace move due to previous monthly resistance at 124.00. I am expecting the retrace move to start by the end of June (hopefully this week as I am already holding out of the money USDJPY put options) GBPUSD - testing key support area around 1.2200. Weekly RSI hitting around 22. Possible inverted head and shoulder trend reversal pattern (or range) on the weekly time-frame. I am expecting the retrace move to start by the end of June (hopefully this week as I am already holding out of the money GBPUSD call options). Don't get me wrong, I expect the USD bullish trends to continue, perhaps now is just a good time to get off any long positions and open those shorts... Fingers crossed!
by Samuel_Morton_Trader
Weekly Prediction 9-13 May Apple Iron CondorApple 9 - 13 May The weekly VXAPL-> Volatility Index for APPLE Implied = 39.02 In this we have to standard it for weekly session 39.02 / sqrt(52-> 52 weeks in a year) = 5.41% My historical product is telling me with 1.5x coficient that the expected movement for this week E Volatility = 39.39 / sqrt(52) = 5.46% With this data, from my calculations, when EV > VIX, there were a 86.6% chance that the market stay within the bottom and top created with the ranged from the E Vol So for next week this range for us is going to be TOP - 166 BOT - 149 Lets look into an iron condor oppotunity for trading: 165Call Sell - 167.5Call Buy 149Put sell - 147 Put buy This is giving us at the current moment a 0.26 expectancy So taking into account from 621weekly candles, that 82% of the times the market stay within our top/bot channel, Our profit margin would be 82% * 0.26 - 18%*1 = 4.2ROI after 100 trades
NASDAQ:AAPL
by exlux
7
$SPX my plan for my short term swing trade ideas. today I went short through puts $ALB, $DE, $LULU (lol), $MDB, $PANW & $V i went long (as a hedge) $TQQQ yesterday was a better day to go short but the late day rally was pretty big move & market not rational so didn't want to get caught swinging short into a gap up since close was strong. today was some form of confirmation that 50 basis points still not good for short term sentiment (to be long). less than 3% of total acct is in all of them combined so risk is managed, good r:r ratio in my opinion in those names, especially $LULU lol
SP:SPXShort
by takinprofitss
VRM another 20.5K Calls in the Options Chain !!After a block o 35K calls on April 21, today VRM has another 20.5K calls expiring on the same date, May 20, same strike price, $2.5. They paid a premium of over $200K for the calls. The chart is full of bullish divergences and the stock is undervalued. I think the earnings (in 4 days) will deliver a surprise and the stock will bounce to $3! The stock is now $1.42, a rare buy opportunity in my opinion! Looking forward to read your opinion about it.
VLong
by TopgOptions
11
#ZIM signaling a potential leg up #ZIM over the last 3 days is clearly showing on the VP that people are buying what they see as a potential leg up area due to the POC being shown at the top of the last three trading days price action, looking at other indicators for sense of direction we see the 8ma making a move crossed over the 21 ema signaling a bullish sentiment on the daily chart which potentially means to us days of possible green days to the top side, MACD is also signaling bullish or buying period and an RSI above 50. Further analyzing this ticker looking at the options flow there was significant buying volume in the 70, 65, calls and 62 sold puts as well as some significant amount going into the 75 sold calls indicating in all ways some room to the top side. If you have a flow tool or software like Unusual Whales, you can also see the 65 call being the one with the most bullish sentiment of all for the May 20th expiration please just consider the other factors freight is currently extremely expensive, fuel cost are still going up, and supply chain issues still wildly common in most ports in us and around the world are still seeing long delays so all factors included i feel we may see us go up to retest previous highs not ATH but mid 70's seems capable which if we do would potentially be the formation for a massive head and shoulders best of luck to all who play it.
NYSE:ZIMLong
by Stock_Hustle21
$SLV Long 50 JUL callsWent long 50 JUL SLV 23.5 calls. Nice looking chart and I like the R/R on a move to at least the top of the box. Will reduce the position there and manage on price reaction. Mental stop just below 30 wk MA. Nice consolidation with accumulation type buying, cup and handle with a good retrace from the JAN to MAR move, I think it's going for next leg higher. A break above the box should expect a massive move, as this has been digesting since AUG 2020. If calls go farther ITM may sell bi-weekly calls against them to reduce my cost basis, playing it day by day week by week. Miners and Metals look good overall, many above 30wk MA. Cheers
COMEX:SI1!Long
by FriscoTrades
One Swing trading Equity Option -WIPRO WIPRO Sell below 579 SL 616 on weekly closing basis Target:- 554, 527, 450 So, we have to initiate a bull put spread - April Expiry 580 Put buy along with 550 Put sell If 550 is not achieved in the April expiry then one can again take this trade for next month's expiry provided the trade should be in profit. (For example:-u can initiate 560 Put buy along with 530 put sell if Wipro would trade at 560. u can initiate 540 Put buy along with 510 put sell if Wipro would trade at 540.) Disclaimer: -Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ Trade at your own risk.
NSE:WIPROShort
by biplab86
5
RIOT Calls *Not Financial Advice* *All Speculation*Looking to buy Call options for RIOT. Depending on how BTC reacts to 38000 resistance level will be the determing factor to if I buy these call options. If we see a break at 38000 then RIOT will more then likely trade down to $10 a share, this is where im looking to buy in. However if we see a reversal at 38000 then RIOT will likely trade into 11.5-12 zone. If we dont see a reversal at 38000 then im speculating market will retest at 36000. The exact play im looking at is a RIOT 11.5 Call Expiring May 6. Entry zone is $10 area and Exit Zone is 11.5-12 area.
NASDAQ:RIOTLong
by BigCEO2022
Nifty Analysis With a Bullish BIAS Must KnowHEY FOLKS,WE ARE ANALYSING NSE:NIFTY TODAY Lets Look AT What's Happening in Market Selling got accelerated when it moves down away from trend line. And the Next day market got gap up and stabilize whole day and Forms bullish harami pattern And today gives a up moves As already said 17000 was an important Support level. So one could take a bullish bias. But There's Resistance at 17400 level Which could be a turning point. so in order to be conservative only take longs above 17400. These days Nifty is much stronger than Banknifty so taking longs in nifty has higher probability of hitting the target. Happy Trading Hope my view is helping you out so don't forget to like and to remain update Please follow us.
NSE:NIFTYLong
by Gagan_Ahuja_13