I am looking for a move lower for GBPUSD yesterday on rejection off the 1.28 strong level. GBPUSD did close slightly higher but overall GBPUSD is much in a tight range yesterday and GBP is weak. Overall, it is anyone's guess what would be the next direction but regardless, trading based on the levels would work. But I would say that, I am looking for 1.28 to hold...
I was looking for a move lower for DAX yesterday and we got the move (). Levels worked perfect despite the somewhat choppy movement (DAX was strong despite weakness in the US indices). The strong level below held perfectly while the level above also provide a good short during the US session and mentioned in the group chat. If I look at the daily candle, price...
Yesterday I was looking for EURUSD to test first resistance at 1.0857 which is the level to watch for a possible rejection for a lower high, or a move higher. Indeed, 1.0857 worked good for a 15 pips sell off the level. However, after a double re-test, EURUSD moved higher. Still it would be a breakeven or a small profitable trade. EURUSD closed green which...
On Friday we saw a change in the strength of DAX as it hit new ATH but came down after while US indices was stronger and rallied to ATH after. Some rotation that is, given how DAX was rallying the days prior, while US indices, especially on Thursday, dipped and recovered, setting up for the continuation on Friday. DAX I gave a long from bottom of PZ but DAX hit...
I was bullish EURUSD yesterday on the divergence which worked well, not perfectly. Initial long on holding of strong level did not work; the second long off the support below almost exactly held the low, before the rally. Rather huge rally, going to the highs, but still below Wednesday's high. Lots of levels above, 1.0885 strong level, 1.0865 strong level below,...
On Friday, I was looking for a move higher to the strong resistance before a down move but instead, market was sideways before it moved down further. Monthly price action is bullish, while weekly price action is neutral and indicating a possible turn, while daily is slightly bearish. Daily trend is still up though. Likely price would want to go down further...
I gave a short from 16803 on Friday to 16721 (). 16803 was traded, highs at 16811 before it tanked to 16723 and it rallied back to the highs. The sell down was tied to the down move in US indices before the recovery. DAX was relatively strongly. Overall, price action is bullish for monthly, weekly, daily IMO. Currently DAX gapped up and is testing above...
Yesterday I gave a short off 1.2134 which was hit and came down 30 pips but only for it recover but market is again coming down from BZ on this 2nd test of the BZ. Daily wise it does look like a pin bar but of course it remains to be seen if it would a reversal. IMO main level to watch today would be 1.2106 which is a Fib level and bottom of PZ. If market can...
The short limit I gave yesterday () worked to perfection as GBPUSD crashed from double resistance all the way down to the support zone, over 130 pips. This, at the same time, DXY went from support below to resistance above. What I am giving today would, I say, be a countertrend move given yesterday's bearish selling. But GBPUSD at support. Looking for a...
4340 level given yesterday () marked the exact high and market sold off over 70 points from it. But that was not before some big whipsaw in between. Price hit the strong 4262 level with Fib and is overextended but price action is bearish. Can market give a pullback today? It might be prudent to wait for the pullback to go short rather than trade the pullback....
I was looking for a move higher for SPX yesterday, based on the move on Tuesday, as I said to watch 4360 and to go long on the break of the PZ. Instead, PZ held the highs , twice, below 4360 break and market came down. 4332 was the next strong support and did provide yet another bounce but market tanked further on rising yields. Yesterday's sell is strong,...
Yesterday I was bullish SPX but was looking for a long off strong level 4360 but of course market has other ideas, as yields went up, NDX was weak, but I said 14950 NDX as support, if we get a turn look to long SPX at 4340. And that was the lows for the day as SPX rallied to highs, over 50 points but eventually ran out of steam and closed half way. Overall, I...
Yesterday () I said that despite the bearish price action etc, market gapped up instead of down which is a sign of bullishness. Also I said that market should move to 4360. It was much sideways before that though (unlike DAX) and even had a dip during European session, which was bought up. This is another sign of bullishness (that bears try to bring price down...
DAX is much bearish on Friday; bearish price action on weekly and daily and also below the zones, but it hit a key support. Would prefer to watch for a pullback to go short regardless. 15270 will be key level to watch for a move to 14980 key support.
On Friday, I gave a long 4340 for a move to higher and a short 4380 for a move down () . Both trades would have worked out; though eventually, it was the bears who won. As mentioned in my NDX plan, should not have faded the bearish price action of Thursday; as in, probability of a bearish continuation is higher than that of a reversal back up. Weekly price action,...
Yesterday I was bias long for a move higher as a continuation of Wednesday's bullish price action. But did not get it. Price was capped most of the time by the 4406 strong resistance and it sold off on the US CPI. 4362 was the level I gave for a buy. It did give a 20 points bounce but only temporary before market sold off further. Not a data analyst or a...
I am bullish SPX yesterday; it was somehow a choppy move but the direction is clear. You could short it and make money (of course) but the direction is much clear. And if you look at the levels provided yesterday (); it was another perfect move. Market initially based at the PZ as per arrow given, rallied almost 20 points to top of WBZ, then weakened and pulled...
I was bullish yesterday () without doubt; but the question was, if market is going to give a dip first. But when US session opened, when price was much sideways, I said in the group, bias is to the upside. I also called the move up at 945am EST and we got a 50points rally! At 1145am EST I said short NDX on resistance and that was the top as SPX also collapsed. My...