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EUR/USDs potential bottom for the dayHey tradomaniacs, market-depth so far looks like absoprtion is happening and bears are taking some of their profits after this strong move down. Currently passive buying at the bottom plus stop-loss-hunting could push price up providing a nice opportunity to buy with a tight stop-loss. AS ALWAYS - IT IS VERY RISKY to trade against the strong momentum to the downside!! More risk-off in equities and things can quickly change. ;-) And wait for momentum / Confirmations! Watching this level carefully
Long
by Trading2ez
1
NZD/USD likely to fall!Hey tradomaniacs, after the ECB-Statement from yesterday we have seen a strong dollar-push as the upcoming rate-hikes were already priced in. The reason for the entire sell-off in equities was basically that the ECB has raised its rate of price increases aswell as lowered the exepctations for economic growth. What a dilemma... I think we might see a continuation of the recent breakout due to the risk-off-sentiment. Still stay cautious ahead the important CPI-Data today which will be very important for the market. But a great chance with tight SL here!
Short
by Trading2ez
SPX500 likely to continue sell-offHey tradomaniacs, SPX500 is about to re-test a very important resistance-zone which can provide bearish confluence and so another sell-off. So far fundamentals are still pretty hawkish which should not be good for equities, especially since Jerome admitted it might be painfull to "softland" the economy. However, previous upmoves were probably just a result of an oversold market as the volume has been very thin and moment not very convincing. Good hance to short soon imo! What do yu think?
FX:SPX500Short
by Trading2ez
2
SPX500 likely to FALL!Hey tradomaniacs, recent action in the orderbook has shown a stop-hunt right above the key-resistance-level as one aggressive buyer has pushed price up into a roof of limit-orders whose got reloaded. So far I expect the market to fall as the entire sentiment is pretty bearish.. only the key-support-zone (Weekly) is the reason for a run up as it is so significant to hold in order to to prevent a new and strong sell-off. However, market-depth clearly showing signs of a another move down within the range, but be carefull with volatility! What do you think?
OANDA:SPX500USDShort
by Trading2ez
SPX500 likely to MOVE UP!Hey tradomaniacs, previous sell-offs due to the fact that the market realizes FED is not kidding with rate-hikes were pretty strong, but will probably correct soon as the sentiment is too bearish and has oversold the indicies such as SPX500 and NASDAQ100. We will probably see a move up to attract more buyers in order to get more liquidity for the sellers. So far the day has been a mess, buit the previous breakout did not cause another rally which is a strong indication for a reversal due to exthaustion by sellers at the bottom of the day. Liquidity turned out to be pretty bullish as we head into the after-lunch-session and I could imagine to see a strong breakout here to the upside (short squeeze). Let`s see what happens =)
FX:SPX500Long
by Trading2ez
SPX500 likely to FALL!Hey tradomaniacs, its been a very slow day due to holidays almost everywher except the USA which could give us atleast one great opportunity now. SPX500 just re-tested the key-resistance-area after the recent breakout and is giving us a nice chance to sell. Market-Depth is currently showing iceberg-orders absorbing stop-runs above the resistance which makes it likely to see a move to the downside very soon. As always I`m very carefully during holidays as liquidity is lower than usual making it harder to predict moves and volatility. What do you think?
FX:SPX500Short
by Trading2ez
1
AUD/USD likely to fall!Hey tradomaniacs, after a fakeout above the range with seen huge momentum and all of a sudden distribution back into the range. Now we`ve seen a breakout below confirming the recent fakeout aswell as a re-test which is happening now. This is providing us a great chance to short with high risk-reward looking. At the same time we see SPX500 at a significant resistance aswell and so possible confluence in terms of risk-off-mood. What do you think?
Short
by Trading2ez
6
USD/CHF likely to move UP!Hey tradomaniacs, looks like USD/CHF has found support after the recent breakout. So far we have seen a 3-Wave-Correction which could be finished soon. Price is attempting to break out of the trendline in order to trigger the potential double-bottom which could cause a high probabillity long-setup. Swiss is less likely about to increase interest-rates today, so USD might still be strong against the CHF. Technically a good upcoming long imo. Lets see what happens! =)
Long
by Trading2ez
1