It's already trending higher . If risk is not good , pass the trade , do not try to fit anywhere. I don't know what will happen , I just observe what is happening right now. Market can crash 1000 pips anytime , so don't try to predict. If you bias is no longer valid , get out of a trade or just stay away for extra confirmation. It's better to miss a trade than to...
Aussie is amazing these days , It shows very nice trading opportunities. A lot of people are trapped here however. No reason to sell this pair for now. It can be sold only higher. We are on Major levels which show us strength. I currenthly anticipate higher prices next month . I'm waiting for more confirmation from Monthly close , If needed I will wait for Weekly...
Strong trendine broken , 2 times Test , Continuation higher making NEW HIGHS , forming something line Inverted Head&Shoulder , wave analysis can be put into consideration here too , a lot of opportunities around Alcoa are anticipated. I'm flat , out of this market for now , Thinking and Observing Price Action , Do the same , Do Not trade , stay and observe , watch...
Probability for short . I want to see weekly close however. These days market is so indecisive. Most of the trades are stopped by Spikes , better to stay out. It's possible for USD/CAD to go down , up as well.
Around very very important level. From this moment price can move higher/lower/sideways. A lof of indecision however I will watch for more bearish signs before entering.
Descending Channel , Lower continuation is likely to occur. However , We cannot predict the market. All we have is price and need to learn how to read it correctly. I'm just reading charts. Spike from lows , spike from high. A lot of indecision in the market. Better to stay out or at least Risk small.
It will be great trade , however we need more price action.
Nice Weekly level rejections , price is trading lower , if price breaks trendline , close lower and hold there we can anticipate lower prices.
Short overcrowded trades basket as they unwind, hedge with long SPX position against any monetary shock from the central planners in their attempt to keep confidence