$WMG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $WMG after a Positive Under reaction following its earnings release placing the stock in drift A.
Neutral
$DLTR with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $DLTR after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 57.14%.
$ADSK with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ADSK after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
$BRO with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $BRO after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 83.33%.
EURUSD neutralFX:EURUSD
I'll look tommorrow monring where the currency is if its below 1.04000 and the DXY looks bullish I'll short EURUSD. If its is the other way round I'll trade EURUSD long to around 1.48000.
$CDNS with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CDNS after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
$PHG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PHG after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 77.78%.
(GBPUSD) Wed, 23 November 2022 SetupOANDA:GBPUSD
GBPUSD Neutral bias
Status: Open short position and waiting for breakeven confirmation
What do I see?
- VIX could go bullish as it's on its major Daily low, resulting in USDCHF going bullish.
- Low volatility as the market waits for Durable Goods Orders MoM, New Home Sales, and FOMC Minutes report.
- Could result in a sideways market in the long run, as people couldn't conclude the direction of the market. Technically speaking both the bulls and the bears are equally strong right now, so let's see how the reports would go.
What I would do?
- If the reports got a bullish response, I'll go for breakeven and reconsider going bullish. vice versa.
Happy Trading! Good luck!
$ZTO with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ZTO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
USDCADFX:USDCAD
I would just wait what happens, if it comes clearly above 1.34000 look for a long. If not and it forms for example a bearish shooting then I'll short it.
$SHG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $SHG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
$SMFG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $SMFG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 90%.
$TSN with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $TSN after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
$TGT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $TGT after a Negative over reaction following its earnings release placing the stock in drift C.
$AZN with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $AZN after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
(GBPUSD) Thu, 17 November 2022 SetupOANDA:GBPUSD
GBPUSD Neutral bias.
Status: Waiting for confirmation
What do I see?
- Traders are waiting for Building Permits Prel and Housing Starts Report. As the market is aspected to go sideways, both of those reports could impact significantly our next decision regarding the direction of the market.
- The market is biased both ways, creating a liquidity pool.
What I would do?
- Wait for Building Permits Prel and Housing Starts Report.
Happy Trading! Good luck!
$VRSK with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $VRSK after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 83.33%.
UK 100 remains range bound in larger perspectiveAll those who love to trade UK100 need to see the range bound activity of index between 6700 to 7700. For a very long period of time it has been moving with in 1000 points range and this could be the signal of any big move in coming period if it moves in any direction with big volumes .
But until unless it doesn't clear out this area best strategy to trade is buy at 6700 and sell at 7700 and wait for major breakout .
(GBPUSD) Tues, 15 November 2022 SetupOANDA:GBPUSD
GBPUSD Neutral Bias
Reason:
- Waiting for the PPI MoM report
Potential Scenario for Tuesday, 15 November 2022:
- If PPI MoM gives a bullish sentiment, we will seek to buy. vice versa.
Yesterday's review:
- As I conclude the market potential would go sideways, and it did; as the scenario reflected. I would wait for the PPI MoM report to confirm the market movement. I'll share my perspective soon after the PPI MoM report is released.
Happy Trading! Good luck!
GOLD IDEA IN THE MEDIUM TERMHi Traders,
I just took my time to look at my gold chart in much details strictly on the daily and I found out Gold may be retesting the 1790 -1802 zone with a possibility of extension to 1808 zone. hence the reason for SL above that Zone.
If you look very closely, you will see that price is currently trading within the yellow zone after the rejection of the 50% fib, which might just be a retracement to the 38.2% fib ZONE where price took off 3 trading days ago after breaking the 50EMA to test the most recent BEARISH ORDER BLOCK. That same order block is currently being rejected and the inability for price to break above it may mean that gold would have to fill the imbalance created on the congress election day and take price back to the 1675-1684 zone before a major bullish run towards the 1790 -1802 zone.
It is however important to know that the W-Patter formation is yet to be confirmed and that needs to be confirm before getting to the 1680 zone for the next bullish run, however, this may have been confirmed already in lower time frame and may have made the pattern valid.
All I see is the need for patience and getting confirmations right before getting into a trade.
I would like to see the imbalance correction before any bullish run, otherwise, it may be dangerous to get into a buy trade at the moment.
Trade with care and proper risk management.
Enjoy the rest of the trading days of the week.
(GBPUSD) Mon, 14 November 2022 Setup 3OANDA:GBPUSD
GBPUSD Long bias.
Status: Closed Position
What I see?
It seems that the market would go sideways as the volatility is low or it gonna go down hitting the next support level. The bull is pretty much weak right now, so best to wait for the market.
What I would do?
- I'll wait and see how the market goes, because the market will probably go sideways, I'll trade base on the given range (1.16199 - 1.18795).
- I'll do an entry on the next support level (1.16199 - 1.16403), but if it won't hit, I'll wait how the PPI MoM goes.
Key point:
- Best is to wait.
Happy Trading! Goodluck!
$HMC with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $HMC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
$RCI with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $RCI after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
