JXY
WEEKLY ANALYSIS FOR 11/1/2020THIS WEEK IS ELECTION WEEK!!! 1) Go Vote and 2) we should see some interesting movement with the US Dollar. Ideally I would like it to continue to the up side since a Daily high was broken and I have a nice setup on EU, but it also does have the potential to get weak so I will wait until I have confirmation. The Yen didn't break the high I was looking at last week but it did come down and retest the 4H W and is chillin in that area so we shall see what happens this week. Bank Holiday tomorrow so I don't expect to see any real movement until Tuesday or Wednesday. With that being said, ideally I would like it to continue to the upside but if the US Dollar continues to get bullish, we might see some consolidation on UJ. Gold and SPX are showing some bearish vibes so I'll continue to look for selling opportunities this week post election cause honestly, I'm really not sure how it is going to effect those two. Let me know if y'all seeing what I am seeing. Have a great week of trading!!
JXY PRICE ACTION BIGGER PICTURETVC:JXY
This chart forms part of a larger research note and should not be considered financial advice. Please do your own research.
Trading is reactive not predictive take not on how prices act on those key highlighted levels and be aware that Fundamentals and industry sentiments play a role in price movements.
Midweek Analysis Major Index and Forex PairsA quick look at the index to see where prices are trading in terms of our analysis on sunday.
NOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
Weekly Analysis JXYTrend: Down
Phase: corrective
Trade: SELL
NOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.