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The Brexit will put the UK100 on a huge downmovmentGood evening, Looking at the current SHS in the UK100 and it currently breaking trough the Neckline, it is fair to say that a Downtrend will occur. However if you look at it from a political and Economical standpoint its even clearer whats going to happen. Once the "Hard" Brexit will take place the Economics in Great Brittain will decrease immensely as well as the ones in Europe. So looking at the big Downtrend that is currently not been broken a short position can definetly can be recommend. What do you think about the Brexit and what it will hold in its place? I`m quit sure that the next strong downmovment in the DAX ,the USTECH100 as well as in the UK100 is about to happen right now our at the end of this week. Feel free to comment and say your opinion. -Aaron Akkuzu
OANDA:UK100GBPShort
by AaronAkkuzu
What is the probability of a pullback? Cut your losses smartlyIf people expect an Inverted Head & Shoulders, chances could be very meager in terms of probability. What is the % of chance that we go back to 12xxx? How much time would it take? What would be the bullish triggers, if any? The markets took quite a bit of time and strength to break through the support I've drawn around 11183. If you were long above any support lines and didn't cut, unless you are playing huge bets and that everything is still going according to your original plan, then you should consider cutting quickly any losses from long positions above the support that could become a resistance. Accept the losses, and go again with the trend afresh. You don't want that burden. If anyone tells me that the current daily trend is bullish, then I should reasses my understanding of a bullish trend. Be nimble in cutting losses when it clearly goes against you. There's a lot of readings about risk and money management that are available. Don't let cognitive biases overwhelm you.
FX:GER30
by UnknownUnicorn569872
GBPUSD Short / Doom Drop incoming?The decision of the Brexit Referendum resulted in the key price level of 1.43 to be broken in 2016. This support turned into resistance and the price successfully rejected the price in the beginning of the year. A nice short opportunity presents itself: Wait for the weekly candle to close below 1.2730 First Take Profit 1.2509 (0.786 FIB retracement level) (conservative TP) Second Take Profit 1.2251 (all time low) (good TP) Third Take Profit 1.0011 (risky TP)
Short
by Lasergurke
#GBPjpy -- 200 pip swing? My trade plan for the weekAhead of the opening Sunday night, here is my trade plan for the week: Most trades will be to the short side and may present multiple opportunities, yielding potential for 200 or more pips! For this week. I'm looking for a move back up into the large yellow zone, where depending on price's movement, will effect a trade; could be at the open, could be later on. First initial target will be breaking last weeks LO's @ around 143.80/50. With previous LO's from October, I would expect a bounce upwards, and if high enough, present yet another opportunity to accumulate a short position within the larger yellow zone, in either case, targeting lower LO's just under the October and early September LO's @ 143.00/142.50.
Short
by ProSTrades
Short Sell Ibex 35 (Spanish Index) Many of the European Indices are entering a bear market (50sma<200sma). Shorting is difficult this early in a trend because counter-trend rallies can be explosive and rip through your stops. The TI indicator that Tone Vays uses is brilliant for finding these inflection points when these counter-trend rallies run out of steam. The Ibex hit a 9 candle inflection and the next candle closed lower. Potentially we'll go sideways early in the week (I don't like shorting on Mondays/Tuesdays) and after the 4 candle correction we head lower. A sell order in this vicinity with a stop above the 9, and above the previous TDST line (orange line) as well as the 50 day moving average (how far above depends on your own risk tolerance) presents a good risk to reward ratio if you're targeting the next lows around 8,650.
TVC:IBEX35Short
by CoinCompass
1
Italy Has A ProblemLast week saw the break of a bear flag. We are now resting on downtrend support. The chart looks heavy at this point. Italian banks have major exposure to Turkey. Also, Italy threatens to drag the EU under. The Italians are not as docile as the Greeks - they do not care for whatever rules Brussels attempts to impose on them. Thus, my next target for capital flight is Italy. My first target is the 2016 lows. Should a bounce materialize, I will be confident in shorting it. For now, I'm short from within the flag.
FOREXCOM:IT40Short
by TheRealPeaches
ITALY, BREXIT AND GERMAN ELECTIONSGER30, Daily and Weekly October 29, 2018 - Andria Pichidi Italy’s budget spat with the European Commission, and mounting concerns about the immediate fallout and the impact on capital positions of already stretched Italian banks, continue to put a strain on European markets and add to volatility. The Italian government may have inherited the remaining EUR 15 bln of a special fund previously set up to aid struggling banks, but the conflict threatens to once again undermine confidence in the Eurozone project as a whole, especially as the populist government continues to blame ECB and EU Institutions for its problems. ECB’s Draghi may be cautiously optimistic that a solution will be found eventually, but for investors the conflict adds to concerns about the stability of the Eurozone as a whole and contagion fears continue to linger especially as the risk of a hard Brexit also remains uncomfortably high. Against that background Italy’s BTP auction on Tuesday will be watched very carefully. Lurking behind the spat between Rome and Brussels are concerns that European populist parties are also fuelling tensions in order to lift their profile and position themselves ahead of the European Parliament elections next year. At the same time the coalition government in Germany is looking increasingly shaky and Chancellor Merkel’s position far from secured. After the electorate delivered a painful blow to the coalition partners at last week’s Bavarian election there are fears that a similarly disastrous result in Sunday’s poll in the state of Hesse will spell the beginning of the end for the government in Berlin and Merkel’s political career. More potential political uncertainty then at a time when markets are already struggling to find a new equilibrium. As stock markets continue to struggle after the Asian session, GER30 and UK100 futures are moving higher for the 3rd consecutive day, despite ongoing losses in US futures. The German benchmark (GER30) is up by 0.40% so far today, reaching Tuesday’s highs at 11,411.90. This could provide some Resistance to the Index, and we might see a swing back lower at the 50.0% Fibonacci retracement level set from 2-year low. The medium term outlook for the pair remains strongly negative as the asset closed on Friday below the 200-week MA, at 11,487.00, which could be another barrier on the recent upside movement. The negative bias is also supported by the confirmation of a head and shoulder formation at the beginning of October, on the break of pattern’s trendline at 11,700.0. Therefore in the medium term, the Index is expected to move lower, towards the 61.8% Fib. level, at 11,577.70 A bullish scenario could be confirmed only once we see a Support at the 50.0% Fib. level, along with a break above the 11,955.70, which is the confluence of FE61.8 since March 25 and the 50-day SMA. Such a break could signal the turn of the outlook from bearish to bullish. Nevertheless, this week’s round of data, including the first reading of Eurozone GDP growth for Q3, is expected to confirm the picture of still robust but slowing growth momentum. At the same time, it will also highlight signs that underlying inflation is picking up. The ECB’s very dovish stance throughout the crisis is starting to haunt the central bank now as it failed to rein in stimulus early enough and continued to expand the balance sheet through a period when growth was above target, while it is now scaling back support at a time when negative risks are stacking up. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
XETR:DAXLong
by HotForex
2
Dollar Strength into 2019 - Short Eur/UsdLooking for a change of the Euros Bullish trend into 2019. Long-term targets around 2017 lows of near parity with the US dollar. Near-term targets are from the 2017 - 2018 fib extension 61.8 around 1.12 flat & 1.0850. Stops should be kept above the current weekly ashi candle as we do not want to be in this if there is a weekly trend change. A breach of the 1.15 level would reject this trade. I will keep this updated as we go further into the trade. Currently in at: 1.1550.
Short
by JoeyycC