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US30 SCENARIOUS30 Outlook. - Weekly: US30 is bouncing further in the channel, we had a nice downmove to the lower border of the channel, where we also caught good liquidity currently it might be up for a move to the higher border. Weekly chart we are bullish. - Daily: We had a perfect retest at the lower border and we can see the liquidity spike. We are below the equal librium, we see a nice tweezer candle and created a higher low indicating a shift of trend possibly. - 4H: There is a nice H&S pattern, we are up trending and the neckline hasn't been broken yet. I would like to see a nice breakout of the neckzone combined with a (weak) pullback correlating with the fib before making a further decision. - Let me know your thoughts, link your outlooks below.
OANDA:US30USDLong
by Nas-Prince
USDJPY | SHORTEntry Range: 114.076 - 114.181 Avg . 114.152 (RRR: 2) 1st. Profit Target: 113.877 2nd. Profit Target: 113.463 Stop Loss: 114.291 HOW TO ENTER MY TRADES 1. Ladder your entries. You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled. 2. Only first touches are valid. If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid
Short
by Event0011
1
US Inflation Precious Metals and Cryptocurrencies Soar.US month-on-month CPI data released earlier showed inflation rising to a record annualized rate, exceeding expectations. Will the Fed be forced into earlier monetary tightening, and what might that mean for commodities, currencies, and stocks? Today’s release of June’s US CPI data revealed that annualized inflation has jumped from 5.4% the previous month to 6.2% in June, which is the highest rate it has reached for 31 years. The consensus forecast before the release was expecting an annualized rate of only 5.8%. The real data has exceeded expectations for several consecutive months, which is significant in building a sense that inflation in the US is getting somewhat out of control. The US Federal Reserve has also changed its language about inflation in a tacit admission that its earlier expectation that higher “inflation” was transitory was incorrect. Another alarming factor was that the monthly increase in the CPI was quite large: last month’s increase was only 0.4%, while this latest increase ran to 0.9%. What is Behind the Rise in US CPI? The CPI is calculated from the price changes in a basket of goods and services, weighted to reflect a representative sample that would be purchased by a wide cross section of the population in everyday life. Analysts like to drill down to see which sectors were most responsible for the overall change in the CPI to try to understand what is driving the change. It is notable that core CPI, which excludes the relative volatile food and energy sectors, came in lower than overall CPI, at an annualized increase of only 6.4%. It seems that the fuel for the rise in inflation is mostly down to a lack of capacity. A shortage of hires and supply chain problems mean that production is not keeping pace with demand, which causes price hikes. Of course, the scene was set by the strong rebound from the initial shock of the coronavirus pandemic in March 2020. Will the High CPI Impact the Fed’s Policy? Most analysts are seeing the continuing stronger than expected rises in US inflation as quite damaging to the Federal Reserve’s credibility. The Fed has only just begun tapering its long-running QE (essentially, printing money to purchase bonds on the open market) program this month. Just a few days ago Jerome Powell stated that the time was not yet right to raise rates. The Federal Reserve will have to contend this blow to its credibility plus what is becoming a significantly large negative interest rate. When the rate of inflation is higher than the rate of interest, owners of US dollars are forced to either speculate or watch meaningful amounts shaved off their capital’s store of value. With a base rate of 1.25%, owners of US dollar lucky enough to get that interest rate on their savings now face an annualized depreciation rate just shy of 5%, not far from historic average returns on US stocks. Should investors begin to believe that there is no point in investing in the stock market, we can expect to see a substantial fall in the overall market will become likely. What Does This Mean for Traders? At the time of writing approximately 1 hour after the inflation data release, the most significant market movements have been seen in Gold, Silver, Bitcoin, and Ethereum, which can all be argued to represent stores of value theoretically immune to inflation. Gold rose by approximately 1.5% to trade at the three-month high of $1856 per ounce. Silver rose by approximately 3% to trade at the three-month high of $25 per ounce. Bitcoin rose by more than 3% to trade at an all-time high of $69,000 per coin. Ethereum rose by more than 3% to trade at an all-time high of $4,868 per coin. Stock and Forex markets were little changed. It may be that trend traders have a chance to profit here by being prepared to go long in these major cryptocurrencies and precious metals such as Bitcoin and Gold. These assets, especially cryptocurrencies, can be extremely volatile, so position sizes should be small and reflect the current higher levels of volatility.
by SmoothJB
19
FB / META making a come back?+ FB bounce back above 200MA (yellow line) +MACD crossed up (although below zero line) + currently sitting at 20MA (red line) + hammer alike candle immediate resistance at $340 (gap resistance) Next R $350 ( 50&100MA) SL if $320 violates. _Please be informed that our analysis is based on historical DATA to predict/forecast upcoming movement, our bias may change due to market conditions. _ Disclaimer: Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative. You are responsible for your own risk management Do Your Own Due Diligence
NASDAQ:METALong
by EL_STOCKTROOPER
Euro Situation I feel that the 4 in Elliott terms is pretty much there - this goes all the way back to my related idea in April this year. We can now see the ABC in this move which is part of the higher TF count. It could even be complete here. Now what we are waiting for is the change of character before jumping the gun. DXY is still playing respectfully - So now it's just a little confirmation and we can expect to see divergence in momentum to price action. Nearly there as they say. Would not be surprised to get a dip to the 123.6% level but less likely to give a full 1.618 here. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Long
by Mayfair_Ventures
5