USD/CAD SELL SIGNALHey tradomaniacs,
welcome to another free trading-setup.
USD/CAD: Daytrade-Execution
Market-Sell: 1,28000
Stop-Loss: 1,28490
Point of Risk-Reduction: 1,27630
Take-Profit: 1,26980
Stop-Loss: 49 pips
Risk: 0,5% - 1%
Risk-Reward: 2,10
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Peace and good trades
Irasor
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Opportunity
EUR/USD testing MAJOR-SUPPORT!Hey tradomaniacs,
Im watching the markets very carefully as explained and we still see the same circumstances as risk-on-pairs are very choppy in a rising stockmarket.
Keep in mind that we will get to see the Non-Farm-Payrolls tomorrow❗️
Previous Initial Jobless Claims aswell as the ADP Nonfarm Employment were pretty decent and are a great pre-indication for a positive result tomorrow, means the current moves in the market could be fake in order to attract buyers to provide liquidity to institutions that would sell the USD with a positive NFP-result.
Additionally, stimulus-talk are doing good so far and some voices are yelling for even more financial injections in the near-term in order to support the economy that couldn`t survive the current corona-drama without it.
Meanwhile, EUR/USD is re-testing major-support-zone with possible bullish confluence 👉
For now I`m still staying aside as long as the market is choppy like now, especially as long as intermarket-correlations are still not as they should be.
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Peace and good trades
Irasor
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WHY IS FOREX not moving? Here is the answer!Hey tradomaniacs,
As you may have noticed the market is not moving as it should looking at fundamentals and news which is why I`m still staying aside.
A positive newsflow of economic data and very good earning reports plus a rising stockmarket are not really driving currencies as they should due to the fact possible stimulus could continue to boost US-YIELDS, which is currently in favour of the US-Dollar .
In this case we got two intermarket-correlations which are contrary making it harder for forex-pairs to move smooth and clear (especially risk-on-pairs such as AUD/USD and NZD/USD ).
Another example is USD/CAD as the market does not really know where to go as CRUDE OIL currently rises with the US-Dollar .
DXY (US-DOLLAR-INDEX) is by the way creating its first divergences looking at Momentum and indicators such as MAC-D and RSI and I`m waiting for the market either to break through the key-resistance or to create a double-top.
Bond prices and yield are by the way inversely related.
So what shall we look at?
As long as YIELDS continue to be strong with risk-on in the stockmarket we might see currencies stuck in major trend-areas.
This means we either wanna see risk-off in stocks for a bullish USD or falling YIELDS with rsik-on in the stockmarket for a bearish USD!
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Peace and good trades
Irasor
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#Patience
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: 1,37000
Stop-Loss: 1,36770
Point Of Risk-Reduction: 1,37190
Take-Profit: 1,37440
Stop-Loss: 23 pips
Risk: 0,5% - 1%
Risk-Reward: 2,30
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Peace and good trades
Irasor
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Don`t get DUMPED by USD-BULL-PATTERN!Hey tradomaniacs,
The forex-market has been really choppy yesterday due to chaotic equityflow in the stockmarket as Hedge-Fonds are re-positioning.
After the big players were forced to generate margin by closing their red positions volume and open interest decreased drastically for stocks like Gamestop showing that there is no fuel for price to move up anymore. Also suspicious is that demand and supply were very equal and it looks like fonds are exchanging their contracts among themselves.
After a deleveraging-process that you can observe in stocks like Amazon, which dropped by almost -5% fonds took the chance and instantly bought shares back to re-position with longs.
Statistics are showing that fonds are primarily LONG in stocks, which means we might see a contiuation of the current rally and so soon a falling US-Dollar.
This chaotic cashflow out and back into stocks is obviously causing a weird price-action for the DXY (US-DOLLAR-INDEX) as its to and fro in demand and supply.
This current up-move by USD is by the way a very nice chance for fonds to sell as more retailers don`t want to miss the boat and buy.
As long as these reddit-groups are not causing too much uncertainy and fear we have to expect the primary trend to continue.
I`m still waiting for fresh CoT-reports but so far retailers are long against the large speculators.
DON`T get FOOLED by aby patter- THERE is no reason for USD ot go up (fundamentally) as long as the stockmarket stays bullish and BIDEN provides the promised liquidity!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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DAX could MOVE UP!Hey tradomaniacs,
looks like DAX wants to breakout and move up in order to continue teh current trend!
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Peace and good trades
Irasor
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SPX500 could MOVE UP again!Hey tradomaniacs,
SPX500 is re-testing a significant resistance-zone👉
A move above price-zone 3750 - 3760 could cause more bullish momentum as the previous move would turn out to be a fake.
Trend-Fan and strong-support-zone were holding showing a strong demand with high volatility, which is often a sign of reversal.
Watchout for potential volatility as reddet-group wallstreebets continues to push SILVER and stocks like TAAT.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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USD/CHF SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is mean to be a preparation for you! as always we will have to wait for a confirmation!
USD/CHF: Daytrade-Preparation
Market-Sell: 0,88890
Stop-Loss: 0,89100
Point Of Risk-Reduction: 0,88755
Take-Profit: 0,88490
Stop-Loss: 21 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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CHF/JPY could PUMP soon!Hey tradomaniacs,
after a long consoliidation we finally see an attempt to break out of the consolidation and key-resistance in order to continue the trend.
A daily candle-close will be very important for the market as a confirmation for a breakout.
If we get a clean and nice rejection at the resistance we should give it a try and go long with a very awesome risk-reward.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/USD BUY SIGNAL Hey tradomaniacs,
welcome to another free trading-setup.
EUR/USD: Daytrade-Execution
Buy-Stop-Order: 1,21420
Stop-Loss: 1,21030
Point Of Risk-Reduction: 1,21715
Take-Profit: 1,22185
Stop-Loss: 39 pips
Risk: 0,5% - 1%
Risk-Reward: 1,90
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/AUD SELL SIGNAL Hey tradomaniacs,
welcome to another free trading-setup.
EUR/AUD: Daytrade-Execution
Market-Sell-Order: 1,58340
Stop-Loss: 1,59100
Point Of Risk-Reduction: 1,57745
Take-Profit: 1,56920
Stop-Loss: 70 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
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 mean to be a preparation for you! as always we will have to wait for a confirmation!
AUD/USD: Daytrade-Preparation
Market-Buy: 0,76575
Stop-Loss: 0,76300
Point Of Risk-Reduction: 0,76795
Take-Profit: 0,77190
Stop-Loss: 28 pips
Risk: 0,5% - 1%
Risk-Reward: 2,20
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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NZD/USD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
NZD/USD: Daytrade-Execution
Market-Buy-Order: 0,71670
Stop-Loss: 0,71370
Point Of Risk-Reduction: 0,71955
Take-Profit: 0,72370
Stop-Loss: 30 pips
Risk: 0,5% - 1%
Risk-Reward: 2,40
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 mean to be a preparation for you! as always we will have to wait for a confirmation!
AUD/USD: Daytrade-Preparation
Market-Buy: 0,76190
Stop-Loss: 0,75840
Point Of Risk-Reduction: 0,76520
Take-Profit: 0,77015
Stop-Loss: 32 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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CAN SPX500 break the KEY-Support-Zones?Hey tradomaniacs,
I will be very cautious today as the entire situation is a bit tricky.
Yesterdays statement by Jerome Powell has still been dovish, but kept its policy decision unchanged which could have been a dissapointment for those who expected more financial injections for the market.
Also important to note is that he ignored questions about asset-bubbles such as Bitcoin and Gamestop and said his business is to support the economy ignoring the fact that the FED has created one of the biggest bubbles in history.
The past has shown that this dishonesty causes uncertainy and so sell-offs in the stockmarket, which is boosting the US-Dollar
These moves can often reverse very quickly with upcoming news-flows as prices are getting cheaper and more attractive with these sell-offs, which is the reason why I hesitate to participate on these moves down by majors vs. USD.
Keep in mind that stimulus is still an important topic for the market and could quickly cause sudden euphoria.
For now I`m watching the stockmarket and want to see whether important key-support-zones can break or not 👉
AUD/USD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
AUD/USD: Daytrade-Execution '
Notice: Keep in mind that the current market enviroment is very very risky ass investors are waiting for the FOMC-Meeting!
Manage your risk accordingly!
Market-Buy-Order: 0,77220
Stop-Loss: 0,76945
Point Of Risk-Reduction: 0,77550
Take-Profit: 0,77980
Stop-Loss: 28 pips
Risk: 0,5% -1%
Risk-Reward: 2,7
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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NZD/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!
NZD/USD: Daytrade-Preparation
Market-Buy: 0,72250
Stop-Loss: 0,71890
Point Of Risk-Reduction: 0,72620
Take-Profit: 0,73070
Stop-Loss: 36 pips
Risk: 0,5% -1%
Risk-Reward: 2,50
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/NZD SELL SIGNAL Hey tradomaniacs,
welcome to another free trading-setup.
EUR/NZD: Daytrade-Execution
Sell-Limit-Order: 1,68100
Stop-Loss: 1,68570
Point Of Risk-Reduction: 1,67650
Take-Profit: 1,66950
Stop-Loss: 46 pips
Risk: 0,5% -1%
Risk-Reward: 2,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!