So you wanna SHORT NZD/JPY? Here is why it could get tricky!Hey tradomaniacs,
since Jerome Powell stated that "there is no inflation" the market keeps betting against the FED and tries to poke Jeromes nerves with rising YIELDs.
This is obviously bad for equities, because higher returns provides a great alternative to Stocks, which is causing a strenght for the US-Dollar.
So why could a short NZD/JPY be choppy?
NZD/USD currently reacts so sensitive because stocks are falling. NZD/USD is a risk-on-currency and since correlations have changed in the market almost all majors against USD having very huge standard deviations.
This is basically because the economy improves when US-DOLLAR falls, due to the fact that the provided liquidity, or inflation, boost consume and investments -> Higher grow expectations -> Good for stocks.
Now we got these correlations in the market:
YIELDS and US-DOLLAR rise -> Equities fall
Equities fall -> NZD falls
YIELDS rise -> JPY falls
When NZD and JPY both tend to fall due to the current correlations, NZD/JPY could be the worst NZD-pair to short, or generally to trade.
The best JPY-Pair to trade is currently USD/JPY, as DXY moves up while JPY falls as long as the inflation-worries continues.
Non the less, we could see stop-losses getting triggered and so a fall of NZD/JPY.
Compare NZD/USD to NZD/JPY, and you will se what I mean. :-)
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Peace and good trades
Irasor
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Opportunity
USD/CAD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
USD/CAD: Daytrade-Execution
Buy-Stop-Order: 1,27000
Stop-Loss: 1,26360
Point of Risk-Reduction: 1,27470
Take-Profit: 1,28250
Stop-Loss: 64 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
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Peace and good trades
Irasor
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EUR/NZD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/NZD: Day-Swingtrade-Preparation
Market-Buy: 1,67040
Stop-Loss: 1,65990
Point of Risk-Reduction: 1,68100
Take-Profit: 1,69600
Stop-Loss: 105 pips
Risk: 0,5% - 1%
Risk-Reward: 2,45
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Peace and good trades
Irasor
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EUR/CHF SELL SIGNALHey tradomaniacs,
welcome to another free trading-setup.
EUR/CHF: Daytrade-Execution
Market-Sell-Order: 1,11000
Stop-Loss: 1,11420
Point of Risk-Reduction: 1,10655
Take-Profit: 1,0090
Stop-Loss: 41 pips
Risk: 0,5% - 1%
Risk-Reward: 2,22
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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AUD/CHF SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
AUD/CHF: Daytrade-Preparation
Market-Sell: 0,71440
Stop-Loss: 0,72050
Point of Risk-Reduction: 0,70950
Take-Profit: 0,69990
Stop-Loss: 61 pips
Risk: 0,5% - 1%
Risk-Reward: 2,45
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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US DOLLAR - REVERSAL INCOMING? hey tradomaniacs,
As expected Jerome Powell causes huge moves in the market.
So what did he say and why is his statement causing such a sell-off? One thing is for sure, he is really dissapointing the market!
First of all, what could he have said to cause euphoria?
1️⃣He could have aoounced an prolongation of the Supplementary Leverage ratio (SLR) banks calculate the amount of common equity capital they must hold relative to their total leverage exposure with.
This could have calmed down the markets.
2️⃣ He could have announced an Operation Twist, which would probably have caused a boost for stocks and lowered the yields.
As explained, with this method the FED would sell short-term-bonds in order to buy long-term-bonds. YIELD-CAPPING without extra liquidity.
3️⃣ He could have announced a Yield-Curve-Controle in order to cap the yields with fresh liquidity.
This could have had an mixed impact, as it would drive inflation-worries due to extra liquidity provided by the FED but also cap the yields due to rising Bonds.
So what did he say? Nothing new, and he seemed to be pretty confident compared to the European- and Australian Central Bank.
1️⃣ Still far away from our goals, but job-market should improve due to vaccinations.
2️⃣ Expecting inflation to rise but it is still unknown whether this is going to continue or not as there are deflational effects. We have the necessary tools!
3️⃣Would be worried if financial condotions are getting worse. Rise of yields can have various of reasons.
4️⃣We won`t raise interest-rates as long as we haven`t reached our goals. We don`t have to take action as long as inflation isn`t lasting.
He keeps talking with a dovish tone, which is pushing the inflation-worries❗️
Result: Pumping YIELDS as Jerome Powell acts like there is no inflation 👉Stocks are bleeding and US-DOLLAR goes up!
Just ridiculous!😂
Will this continue? Tomorrow we will get to see the Non-Farm-Payrolls, and if they are worse than expected it could either confirm Jermome Powells statement and YIELDS finally fall or the market could even price in more inflation-worries and US-DOLLAR rises with YIELDS.
It will be interesting!
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Peace and good trades
Irasor
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Gold: The Time Has Come! ⏲️The big bag is waiting for you, guys! Already 5 months earlier, we predicted that we are going to hit the target area between $1722 - $1606 and guess what… it finally happened. 😉
We still expect the gold price to drop a bit further to the area around $1640, but theoretically it could also skyrocket from here on. Either way, entering the gold market now can be quite lucrative, as we expect the price to rise significantly from now on.
Don’t miss this opportunity!
USD/JPY SELL SIGNAL Hey tradomaniacs,
welcome to another free trading-setup.
Notice:
Falling yields are perfect for a USD/JPY short, as its JPY supportive and bad forUSD-Dollar.
Technically also a nice entry to short!
USD/JPY: Day-Swingtrade-Execution
Market-Sell-order: 106,780
Stop-Loss: 107,100
Point of Risk-Reduction: 106,360
Take-Profit: 105,760
Stop-Loss: 32 points (160)pips
Risk: 0,5% - 1%
Risk-Reward: 3,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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USD/CAD SELL SIGNAL Hey tradomaniacs,
welcome to another free trading-setup.
USD/CAD: Daytrade-Execution
Market-Sell-order: 1,26700
Stop-Loss: 1,27300
Point of Risk-Reduction: 1,26260
Take-Profit: 1,25150
Stop-Loss: 60 pips
Risk: 0,5% - 1%
Risk-Reward: 2,70
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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PS: Had a little delay! We`ve executed this setup already. May you`ll find an alternative entry or get a retracement!
NZD/USD BUY SIGNALey tradomaniacs,
welcome to another free trading-setup.
Since we have no risk in our trades anymore I will add 1% risk into my port-folio.
NZD/USD: Swingtrade-Execution
Market-Buy-Order: 0,72940
Stop-Loss: 0,72240
Point of Risk-Reduction: 0,73420
Take-Profit: 0,74550
Stop-Loss: 66 pips
Risk: 0,5% - 1%
Risk-Reward: 2,45
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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GBP/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
GBP/USD: Daytrade-Preparation
Market-Buy: 1,39500
Stop-Loss: 1,38770
Point of Risk-Reduction: 1,40000
Take-Profit: 1,41250
Stop-Loss: 73 pips
Risk: 0,5% - 1%
Risk-Reward: 2,45
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/AUD could move DOWN!Hey tradomaniacs,
EUR/AUD has tested a very strong resistance-zone 👉
In case of a re-test of this zone and a risk-on-sentiment in equities, we can expect this pair to continue its trend!👌
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Peace and good trades
Irasor
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ADA still looking really bullish!If we can break above this key level at 1.31 we could see ADA return to new ATH. Something to note is that throughout this correction ADA has been relatively stronger than BTC and other alts. A break above the descending trendline then consolidation is bullish. The real important trendline to watch is the thick blue one as is is made by connecting the tops of the 2 previous highs in 2021.
KeepCalm. After BTC disaster, bears are being killed. Will grow.Just hold and be patient, this is not the first time that we see the market doing this.
Go to binance and see the order book at 0.001 and you will see a big buy presure vs a weak and small sell presure.
24 H volume is very small right now too, this is a very good signal indicating that the crash got braked.
F2Pool is the main guilty here after a 3000 BTC dumping.
Remember the AVAX situation on december, it came from 3.50 - 4.50 to 2.80, and now it's on +$20
Just hold and be patient. Alts crashed by the BTC crap are exploding by +50%, REEF turn is upcomming.
Be rude, not a paperhands.
Trading is the site where a weak person gives his money to strong people.
USDCAD Short opportunity could be in play by end of next weekHappy Weekend Traders,
Thank you for your likes and questions. If you have any queries feel free to message me.
I have had a few questions around how I build my analysis for the week. Here is one idea, I am looking at, I haven't placed a trade but is on my watchlist due to the below:
Bias: Short USDCAD
Type of idea: Swing
Please note: This chart is 4hr but the EMA is based off the Daily chart. I have used 4hr chart as a way to identify the price action so I can get into the trade early if it moves in my direction but not too early just in case it is noise.
Rationale:
1) Price has reacted between the Daily Chart 100EMA (Red line) & Daily Chart 50 EMA (Amber line) 2 times ( see pink circles)
2) Long term the pair is in a down trend
3) Near term the pair is in a down trend (Black line)
What am I waiting for:
1) USA news release next week (PMI, Non-Farm, Unemployment) I am not going to trade these releases but merely keep an eye on the release and see how positively or negatively it impacts the pair.
2) If news is negative for USD and price closes below Daily Chart 50EMA I will place a short
3) If news is positive for USD and price moves above Daily Chart 100EMA I will not place a trade
Point to note traders: Be careful of all USD pairs this coming week due to the news releases (that is only if your strategy doesn't include trading news releases).
If you like it give it a thumbs up and I will post a follow up should this pair move in favour of my bias.
Have a great weekend, Happy Hunting!
EUR/USD could move UP again!Hey tradomaniacs,
And once again we see a potential FAKEOUT in EUR/USD and so DXY (US-DOLLAR-INDEX) below the significant demand-zones 👉
Remember? This has been our long-entry this week! Equities have re-tested the lows of the asia-session, which also a reason for the current harsh moves down in majors vs. USD.
These retracements are not usual in a healthy market and shows how volatile it is.
Let`s see what we get later on, but if this level holds, we could open a long-position as soon as we got the confluence in the market.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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NZD/USD re-testing a very strong supportHey tradomaniacs,
with the rising yields we have seen a strong cashflow out of yields into bonds causing equities to suffer, which is good for USD and bad for risk-on-currencies such as NZD/USD.
Now we are re-testing a very strong support-zone and I`m wondering whether we are going to break through this leven or not.
In terms of wave-analysis, this might be a strong retracenemt in form of Wave-2!
Market keeps retracing and I will wait for the US-Session now.
If uncertainy continues we might see breaks of more important key-levels.
It all depends on the correlations and how equities will continue this afternoon.
Let`s see what happens with the US-Session. :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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DXY (US-DOLLAR) re-testing a strong Resistance-ZoneHey tradomaniacs,
I currently don`t see any reason for the moves against us as DAX30 and SPX500 consolidate in a flag-pattern while Crude OIL is about to pump away the support-zone.
DXY (US-DOLLAR) has re-tested a strong resistance-zone... why we`ve seen the pump is another question (Manipulation, SL-Fishing)?
#PureCHoppyness
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/USD: Daytrade-Preparation
Market-Buy: 1,21620
Stop-Loss: 1,21250
Point of Risk-Reduction: 1,21865
Take-Profit: 1,22430
Stop-Loss: 36 pips
Risk: 0,5% - 1%
Risk-Reward: 2,30
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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AUD/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
AUD/USD: Daytrade-Preparation
Market-Buy: 0,78450
Stop-Loss: 0,77900
Point of Risk-Reduction: 0,78935
Take-Profit: 0,79990
Stop-Loss: 55 pips
Risk: 0,5% - 1%
Risk-Reward: 2,90
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me