Trump
Long position - AUDUSDAfter the breakout and re-test of the structure, the market formed another structure. There were fundamentals involved, such as the independence day in the USA. Considering a a positive PMI next week, I'll be expecting a breakout of the last high (0.69520) and a retest. The pull-back is where I'll be placing my position.
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Donald's VaseIt seems as if something fundamentally changed in 2018, beginning a multi-year period of volatility.
From a WashPost article about the period: "DEC. 4, 2018
Markets tumbled after Trump tweeted “I am a Tariff Man” and the Trump administration backed off earlier claims of a trade-war truce with China." (www.washingtonpost.com)
ELECTION DROPI changed my price target on SPY to ~$367. Yesterdays price action was way too strong into the close for this market to drop yet. Nobody cared about Powells speech. Nobody cares about EVERY stock in the market being overvalued by a minimum of 2x. We are continuing the ride up the wall of worry. IWM still has not completed its 100% retrace which WILL happen. I am noticing stocks all over the board developing extremely bearish patterns and parabolic moves to the moon. Post election, if trump wins, I anticipate the market to continue this ridiculous pattern. Biden wins, i expect a minimum of a 20% drop in the market.
AUDUSD "Reversal" In play4H Inefficiency > Daily Inefficiency.
This upwards channel is slowly losing momentum. It managed to drop pretty quickly but the climb back to the 4H inefficiency has been extremely long awaited hence the expectation to break this channel.
Will set multiple targets for this trade if we do get triggered in.
COVID/CONFIRMEDI’m going long on Covid we should be at 10,000,000 by December/Early January
Stoploss: 5,000,000
AUDUSD Potential Huge DropAUDUSD Likes to trend a lot. The pair moves quite "nicely" as far as pairs go.
AUDUSD Currently created a double top and stepping down with lower lows and lower highs.
Creating a liquidity gap that needs to be filled before continuing down. There is a high chance for a sell limit to be triggered in my middle grey zone and a high chance of having a nice tight stoploss.