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EURJPY outlookWe have 3rd touch on downtrend line, now it is confirmed. Also a 61.8% level here. A break to the upside opens next level, though 120 round level is close. Ideally this trade is for next week as today Trump could reverse to risk off during his speech. He is supposed to address China's new law. Depending on the news we could start looking for reversals over the weekend. So I will update analysis before Monday. Please support the idea and share your thoughts on EURJPY! Good Luck and Stay Healthy!
by Antonio_trader
4
ridethepig | A closer look at US EquitiesA timely update to the US Equities chart after a month of consolidation/chop. The energy building up here is immense, before you tackle what follows, you should quickly check that you are well versed in the notions concerning the retrace leg, the ABC sequence and passed crashes. If not you should refresh your ideas on these, because both of the following legs are necessary for full understanding for the next swing. The question we are tracking is as follows: After the 61.8% pullback from the sell-off, assuming equities do not advance beyond 3177, sellers have the possibility of opening a final leg lower opening the capitulation in the global economy. By playing the 5th wave lower, sellers release tension in the congested areas as naive short-term specs continue buying for no apparent reason. So why do these levels matter? Well, the 2892 is the measured target in the ABC sequence from the March 23rd lows, could buyers break back up as re-openings unfold? Not really possible as another test of the lows would be much healthier from a bulls perspective. It gives more time to load and re-position, even if in some modified form. The next cycle down in the economy looks set to last into 2021, in other words all those expecting a V shaped bounce and running from the lows as quickly as you can are dividing the flows into two halves. For the sake of convenience we shall call this a "dead-cat-bounce". Remember we are tracking the two important fundamental charts on the macro side: "It's Time" "Alpha Protocol: Seeking Immediate Extraction" Further pockets of shutdowns and social distancing measures will weigh heavy on consumer confidence, it looks unavoidable for the Northern Hemisphere Winter (December 2020) while in the background cooking there is a powerful urge to move away from Oil that seems to be unfolding. After the inconsiderable disadvantage US producers were put under via Russia, China and S.A, the battlefield has emerged: But moreover, thanks to protectionism China and US are moving towards escalation. Foreign policy will provide the narrative for this final leg lower, Trump will attempt to establish lines of communications later in the Quarter with Xi although the damage has already been done. Follow the flows... capture the final leg lower in global equities, while the rest panic and begin to think its doom and gloom forever we can obtain the lows with cheap bids to exert pressure on soft buyers and later sellers (we can update the charts as we get down there later in June). As usual thanks for keeping the support coming with likes, comments, charts, questions and etc!
OANDA:SPX500USDShort
by ridethepig
16
CAD POLOZ SPEECH TODAY MAY 25TH - NZDCAD POSSIBLE BULLISH MOVEFX:NZDCAD AS WE ENTER THE LAST WEEK OF THE MONTH WE'VE SEEN BULLISH ACTION ACROSS NZD AND AUD BASED PAIRS POSSIBLE CONTINUATION WHILE WE ALSO COULD SEE FUTHER DOWNSIDE PRESSURE IN OIL OR CAD ITSELF DUE TO THE STATE OF THE ECONOMY AND PRINTING OF $$$$. HOLD ONTO YOUR HORSES, IT'S ONLY MONDAY TRADERS! CHEERS JOIN US IN THE TELEGRAM ANALYSIS GROUP WHILE ITS FREE! *RECEIVE UPDATES ON MAJOR GLOBAL EVENTS *DAILY FX CHART ANALYSIS* *EDUCATION* *ACCESS TO TRADE CAPITAL* t.me #POLOZ #CAD #FOREX #MAY24 #VICTORIADAY #FOREX
Long
by EvaultFinancialGroup
1
if breaking up, could reach 56.00?- seems breaking around USD35.00, the pattern inverted head and shoulders could be drawn IMHO -- first target, 12Mo moving average -- second target, around USD 56.00, good volume negotiated here which could act like a magnet. #Disclaimer: this is not a trade recomendation, use this information at your own risk. ----------------------- - região de consolidação entre 20 e 30 - rompendo região de 35, poderia ser visualizado um ombro-cabeça-ombro invertido e: -- pode alcançar a média anual (12 meses), atualmente em 46. -- pode chegar na região de 56, devido ao maior volume negociado conforme mostrado pelo volume profile atuando como um ímã, puxando o preço. #Disclaimer: isto é um estudo, e não uma recomendação.
TVC:USOILLong
by HelionMelion
MODERNA UPDATEwww.zerohedge.com As I said in the last update of this stock, I do not doubt its bullishness , however, in the short term, under my own experience (as I commented to another TradinView user) when a large unexpected movement occurs, this movement tends to correct itself slightly . Remember the title of this publication. STRADDLE RATIO. In the long term it is likely to be bullish, however a short bearish correction could be expected, and when in doubt, better to trade a bearish leaning straddle (ratio 1 call 2 put).
NASDAQ:MRNA
by Micss22
Nasdaq sellWe have a short position already and closed our longs -75% longs anyway. From a position standpoint, fundamentals play a large part of Nasdaq - despite trump keep pushing the correction to move to a double top at 9355. We see the coronavirus and issues with figures being horribly manipulated with unemployment figures, GDP results coming in to show how bad the outlook will be upto Q4 2020, we are not buying it. From a technical view, we see a great level of retracements in which we took advantage of and sold but it is enough to be risk free currently. if price reverses and created a higher low, this is fine. Price will look to 61.8% daily, weekly or upto double top territory. Let us know our outlook, if you like our work. like an share. Many thanks, Lupa
OANDA:NAS100USDShort
by LupaCapital
USD/MXN - 4HR - Going Long after end of triangleUSDMXN - The pair is forming a triangle to complete purple wave 4. The triangle pattern is also forming another triangle as its green wave (e). The Wave Principle allows a triangle inside a triangle only in wave e. HOW TO TRADE THIS SETUP - Wait for price to break out of the green wave (e) triangle and look for buy setups to complete purple wave 5. The confirmation level is at high of blue wave (d). The whole triangle setup is invalidated when price retraces to 23.16708 where green wave (e) retraces below green wave (c).
Long
by peterpel
GOLD XAU/USD UPDATE, LONG/SHORT IDEASReview from last post Gold last week break ABCDE triangle to upside. This break is very good signal for more upside from GOLD in coming weeks. Gold closed on Friday with price 1742$. Upper resistance is at 1748$. 1 Option First possibility for Gold is Truncation of wave 5 which means Wave 5 coudnt break top of wave 3. I think this scenario wont play out. I will not look for sell positions on Gold. 2 Option Confirmation for buy position for me will be break of 1748 level, possible retest of the 1748 level, which brings us to very nice buy opportunity. So wave 5 could finish in 1850 area. Proper Risk managment is very important because market is very volatile. In times of crisis just like now in global economy price of Gold always rises. Time will tell us will history repeat itself.
OANDA:XAUUSDLong
by NecP