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Emerging Markets BreakoutAs COVID-19 Cases start to ease globally, markets are responding with a breakout higher. EEM (MSCI World Index ETF) has recently broken out above its $41 resistance level and consolidating today, providing a good risk/reward for a long position. With a Weekly Chart that has broken above its channel resistance and Daily Chart breaking higher, we are targeting $44 and $47 to the upside. The trade that we are using to play this breakout with limited risk is a Call Debit Vertical Spread: Buy to Open 1 EEM Aug 21, 2020 42/46 Call Vertical @ $1.54 Debit BUY TO OPEN Aug 21, 2020 $42 CALL @ $1.88 SELL TO OPEN Aug 21, 2020 $46 CALL @ $0.34 Click to Track Trade with OptionsPlay: app.optionsplay.com
AMEX:EEMLong
by OptionsPlay
Terus panjang untuk GRANFLOGRANFLO telah berdagang di atas Purata Pergerakan 20-Hari (20MA) yang condong ke atas yang merupakan petanda baik. Di samping itu, harga hanya menembusi rintangan 0.26 menguatkan kenaikan dalam pergerakan harga baru-baru ini. Penembusan ini disertai oleh jumlah dagangan yang lebih tinggi daripada purata yang menunjukkan semangat pedagang untuk mendorong harga lebih tinggi dan melepasi rintangan ini sehingga memberikan kebarangkalian lebih tinggi untuk berjaya.
GLong
by GA8
CADCHF: Top-Down Analysis & Trading Plan For Today CADCHF is retesting a major rising trend line on a daily t.f. the price has confirmed the significance of the trend line by the formation of bearish engulfing candle 17th of June. on 4H the price has successfully formed a head and shoulders formation. now the pair is stuck on a neckline. wait for a 4H bearish breakout of the neckline to short the market. you can sell aggressively or on retest. safe stop (above the right shoulder) - 0.7027 initial target - 0.6925 if the market closes above head level, setup will be invalid
Short
by VasilyTrader
10
CADJPY: Short Wisely with Inside Bar Pattern CADJPY reached a key structure resistance. dew to high volatility and very sharp bullish rally we need an additional confirmation to short the market. on 4H the price has formed a classic indecision pattern - inside bar. 6 candles are now trading within the range of the last strong bullish candle. to short wisely we need a 4H candle close below the underlined range. then we can short aggressively or on pullback. if this condition is met, chances will be high that the market will drop at least to 80.875. if not, I would not trade at all :)
Short
by VasilyTrader
6
Main street is enraged while Wall street risesA couple of weeks ago, the decorrelation between Wall Street and Main Street was related to the Coronavirus’s impact on everyone. While Main street is still reeling from the devastation the Coronavirus has brought, current protests due to another incident involving a white policeman killing a black man have sparked outrage all over the country. Former Policeman Derek Michael Chauvin killed George Floyd, a Father to two daughters, after detaining him and keeping his knee on George’s neck for over 8 minutes. The arrest was due to Floyd allegedly using a counterfeit $20 bill at a market. Initial protests were peaceful, however, turned violent quickly. Fires have been set to police precincts, and many stores have been looted and damaged. However, just like the Coronavirus, Wall Street seems to be ignoring this as well The incident between George and Derek has been the cusp of many police brutality protests in America. Most notably, Eric Garner in 2014, who also died from a Policeman, Daniel Pantaleo, using excessive force. Two terrible incidents which brought and is bringing thousands of people to protest on the streets. However, is Wall Street correct in discounting the current protests? Historically, protests have had little impact on major indices. However, this time around, a culmination of factors may make these rounds of protests more impactful on major US indices. We have a United States President desperate to win an election and Wall street As election season edges closer, President Donald Trump has had to deal with two extraordinary events in the past couple of months – Coronavirus and violent protests. His response to both events is widely regarded to be abysmal in comparison to other countries. As the United States reaches 104,000 deaths due to the Coronavirus, the task force set to look over the government’s response regarding the pandemic has seen their formal sessions reduced from three times a week to one. This is alongside no official policy on the pandemic since it’s peak. The President has responded to George Floyd’s incident with more violence, calling the protesters “thugs” on Twitter and threatening to deploy martial law to quell the violent protests if governors do not step up. The last time Martial law was implemented was in 1992 was during the infamous L.A. riots, with the L.A. governor asking the President to implement martial law, not the other way around. This may push Trump into implementing policy actions which is favorable in riling up his voter base, but not necessarily beneficial for the country, nor Wall street. A second wave from the Coronavirus is still on the table with protests adding to the likelihood Adding to policy concerns above, Trump has been adamant about reopening the U.S. economy, which many regard as a last-ditch attempt to secure a chance in winning the election. With the United States still not close to squashing the Coronavirus cases, Coronavirus transmission increasing is all but guaranteed to continue. With protests involving thousands of individuals in proximity together, there may be a chance that these protests spike the rate of transmission. Protests have been fundamentally affecting businesses With demonstrations turning violent, looting and destruction have become more prevalent. Alongside government institutions being vandalized, small and large companies have been subject to significant outrage and looting. Target has reportedly shut 75 stores due to the protests, with Amazon reducing shipping volume due to similar reasons. There have been devastating videos of the destruction, from small businesses being lit on fire to cars in Mercedes Benz dealerships being vandalized and on fire. It is too early to tell whether this may have a tangible effect on businesses in the long term, but sustained destruction may see an impact on the bottom line. Likely, these protests on its own will not affect significant indices. However, as the United States is still reeling from the Coronavirus effects, these protests may catalyze events that will shake Wall street at its core. For investors, this may be unfavorable. However, these protests may finally bring an end to racial injustice in the United States – or at least a start to an end.
SP:SPX
by BlackBull_Markets
Ethereum, Trend-Line Broken, Further Continuation-Possibility! Hello, Traders Investors And Community, welcome to this update-analysis about the current price-action in ethereum and what we can expect the next time. There are some meaningful events which happened the last days and as ethereum found some important support currently there are other signals which given an overall bearish bias for the further continuation of ethereums trend as ethereum was one of the weakening cryptocurrencies the last days we have to keep it in mind for a possible entry. We are looking at the globally daily picture, I already made an analysis regarding this subject on the 4-hour time-frame which I recommend you to see to have also the shorter time frame price-action registered: Alright, at the moment we can watch ethereum stabilizing and consolidating above the 200-EMA which you can see in my chart marked in blue, this is an important EMA for ethereum because when we break it to the downside we have a higher likelihood given that we will test lower levels but currently it is still above the EMA and therefore we can anticipate that it will test at least some 190-200 range as I already described in the 4-hour timeframe analysis, this range is also building a coherent resistance-cluster with the 400-EMA which you can see marked in my chart in orange. When we visit this resistance-area we can expect a counterreaction there as this is still a fundamental level of resistance which should not be disregarded. Furthermore, we can intercept that ethereum is building an overall range between the 180 and 200 USD price-level which is also matching with the 200 and 400-EMA support/resistance range. The whole structure is at the moment more bearish than bullish because we had this high volatile bearish breakdown to the downside crossing the 58 day old trend-line which hold the past up-trend up bearish to the downside and now we see ethereum struggling at the 200-EMA, this gives an overall bearish bias. When we break the current support to the downside there is a higher possibility that we continue bearish at least testing some lower levels, the first next important support-zone in this scenario will be the 61.8% Fibonacci-support at the 153 level, there we can see a reversal or minimum stabilization but when we do not get decent bullish signs in that level there it is still probable that we will visit lower levels at least testing the 78.6% Fibonacci-support. When looking on the bullish side of things there is a possibility given that we break to the upside and continue with the in fact bullish up-trend we had built before but this possibility is at the moment not high, to get it in play we first have to take out the huge resistance we see at the 200 USD and therefore 400-EMA level otherwise the whole structure is still more bearish. This is what the price gives at the moment and we can't say 100 % for sure that it will continue bearish but this is at the moment the highest likely scenario! There are many people saying the price will stabilize and we will see a next bull-run catapulting ethereum to 1000 USD, this is mere speculation and we need to elevate ourselves above this illogical market-approach. Thanks for watching, support for more market insight and all the best! Markets are a mixed favor in the modern economy. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:ETHUSD
by VincePrince
18