Safehaven
USDCHF SELLwe have seen a very strong dollar this month, I'm anticipating dollar to collapse soon with the limited QE from FED and the price action for most USD pairs is well overdue a sell!
XAUUSD - GOLD Yearly viewWe are at a very interesting price point with gold and the worlds economy at this current time.
We have seen Gold prices reaching their highest levels since 2013 as all the big players have been accumilating the yellow precious metal. Where as silver has started to outperform the yellow metal, traders and Investors have began to realise the economic impact of gold as a safe haven especially with the impact of Coranavirus (COVID-19).
Effects of the rsing tensions between US & China trade talk, drop in stocks, treasury yields and IHS ecomomic data has provided a boost for the precious metal.
Overall, it seems the upcoming rally within the precious metal industry which also includes silver could be significant at the moment and not a opportunity to be missed!
As always... PATIENCE, CONFIRMATIONS, ENTRY, PROFIT!!
XAUUSD BULLISH FORECASTSup metal heads
Gold next stop is 1660, simple as that, follow the hegemony.
As always, keep the risk managed.
Cheers :D
InFiNiTy MoNeY to the rescueSupport retested, zone under the green green block proven to be a strong buy zone.
Bitcoin pumped on news that the U.S. Fed will be buying anything: www.cnbc.com
U.S. equities pumped in pre-market too, but retraced rather quickly. It's a bullish sign that bitcoin did not slink back under support following the news pump.
Things I am wary of:
- Bitmain 03/27 $5000 euro-style bitcoin puts
- March 31st Mt. Gox repayment plan deadline involving 140000 bitcoin
- Daily close under support
- COVID-19 affecting market sentiment
- Oil price war causing unpredictable fluctuations in US dollar's value (but can it get any much lower?)
SILVER - XAGUSD - Oh no, don't do that!Silver looking bearish. Escaped out of a either descending triangle or a symmetrical triangle, both are legit.
I feel pretty confident to say that silver is heading towards 8.87$.
Bitcoin is not a safe haven, Gold is not a safe haven and silver is not a safe haven.
EUR with their problems a safe haven?
USD printing trillions a safe haven?
CHF running into debth with COVID-19 a safe haven?
Stocks?
There is no safe haven...
Happy trading and stay healthy!
XAUUSD longs setting upMorning traders.
This is what i believe gold will do today but its next move, very strong impulse to the upside.
Another move measuring the previous impulse should be the current target.
As always, keep the risk managed!
Cheers :D
Diary | 3/17/2020 | /GC SpreadJustification:
Directional Play: Yes, sticking to my thesis from a while back that gold and silver have room to pullback. Long-term, could it go up? Potentially.
Technical: Between 20 and 50 moving averages.
Fundamental: Contra to popular belief, /SI and /GC are not acting like safe-havens.
If/Then:
Take profit? 50% credit received
Where will you hedge? $3.10
Strategy Details:
Short and Long leg: $1610, $1630
Short Leg Delta: 0.26
Duration: April 27
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
$BTC ShortI'm shorting $BTC on a nice retest of resistance and golden zone (61.8 -71 Fib). Target <$2,568
#safehaven
Sooner or later, Gold will try to challenge the All Time High.Gold which, the safe haven asset is however become the most interesting asset for all of the stakeholders during recession on the market. That's one of the attractiveness of gold itself. But, I need to say it again 1 more time that I don't give any fuck about any fundamental analysis of the market. I just believe in levels and the price action on technical analysis.
Based on the chart applied, we can see that in the last 2 months it looks like a very hard time for the price with a huge rejection toward the resistance now. But, I still see this as an ideal price behavior because the price is testing the golden pocket region. If the price can't breaks this region as a resistance, we could see the correction toward the $1300 region as the region which has confluence with the yellow support trend line and the previous broken resistance that is becoming support for now. If this level can hold, it will confirm a series of higher high and higher low.
Aligning with my above statement, I see a perfect example of the breaks out strategy of the price which has broken out of its bullish falling wedges with a retest action back at September 2018. We could see an extra bullish movement from the gold in the next 5 years to challenge the ATH or even make a new ATH of it. For now, just do the Dollar Cost Averaging and this could be a good investment.
Bitcoin long term thesisThe slope of each bull run decreases as liquidity in the system increases. The magnitude of all time high that is reached also decreases. Rather than a 15x from 2013 ATH to 2017 ATH, I would expect about a 5x ATH, or $99,000.
The next week should give us a better idea if the capitulation bottom to $3850 will hold, or if momentum will take us down to lower lows in a slower fashion. I am bullish and long here.
600 PIPs USDJPY trade ideaThis idea is inspired by Corona Virus fears in the US followed by strong analysis.
Running trade and profits are shown in a tweet posted on my account, look for the link in the comments.
** Support shown in Point #4 was tested on:
25 June, 19
24 sep, 19
3 oct - 8 Oct, 19
presents a strong case and price action movement around this level.
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To get these signals live #Telegram @ Tradingmoore
Nice And Cleanwait for daily confirmation
like a Pin bar candle
or
Double Top
maybe Both of them :)))
then Get the Short position
Here is your store of value! In a macro sense the store of value concept for BTC is getting bullied by the big kid in school. Gold shows of its true value during these times and is as stable as my mothers love <3.
Yes BTC is still a teenager trying to find its place and needs to develope a bit more before it can play with gold for real.
While we all can utilize BTC volatility, we need to learn how it behaves so we can be all gain from its development.
One thing I learned about BTC is that it always want to outshine your expectations in both directions!
BTC tried to break above the 1,6 fiblevel and the red flags were up that we would most likely bounce down to the 3.2 fiblevel. I did not want to believe my own TA. We have the halfing coming up damn it!
The result, we bounce of the last 4.2 fib-level.... SO FAR!
What does this tell us? BTC is no longer a safe have and is very much connected to the remaining financial instruments in the world. Did it crush your dreams? Like if it did!
Where do we go from here? Short answer, to 3.2 level at 6800 within days! Why? Because we all love volatility and fibblevels!
Bitcoin IS a Safe Haven Against the S&P 500, the benchmark for a store of value, Bitcoin has greatly outperformed.
Without question, Bitcoin's uncorrelated movements to other asset classes merits it's position in a diversified portfolio
CHFJPY Sets To Resume Another RallyCHFJPY has just completed a 5-3 "impulse-correction" Elliot wave cycle.
The corrective structure was complex and erratic due to the last few weeks of volatility.
However, the price seems to make a triple zigzag pattern and rejected 61.8% Fibonacci level that lined up with the weekly support zone.
Price has the potential to move higher in five-wave and target above wave A high is plausible in the weeks ahead.
Looking for bullish price action at HL will be a good signal to position in this new bullish trend.
What's your take on CHFJPY?
Uncertainty is Strengthening Safe-Haven CurrenciesAfter witnessing the euro depreciating against the dollar for about 2 years, the negative interest rates in the eurozone and the deepening of the global economic slowdown due to the intensifying Covid-19, have made the eurozone an attractive safe-haven currency against the dollar. Apart from the macro-trend, technical analysis have shown that the euro has broke above the long term MA as well as its major trendline. Hence, indicating a potential reversal from its depreciation. For now, we would expect a retest of the support at 1.11900 before prices rising up to potential levels of 1.13900 and 1.15300.
Buy Bitcoin - Is Bitcoin about to emerge as a modern safe haven?We could be about to descend into a full state of panic in the markets?
The uncorrelated nature of Bitcoin could become very attractive to investors as they seek shelter from a global slowdown?
This is the time for Bitcoin to step up and prove its worth in my opinion.
It maybe an early call but I am preempting the completion on an inverse head and shoulders pattern on the daily chart.
I have a neckline that comes in at 10522. A break above here and we start targeting the 2019 high at 13868. Beyond that we are looking at the measured move of the inverse head and shoulders pattern at around 14615, then a 161.8% extension of that pattern at 17144.
If those targets are achieved, then it may only be a matter of time before we see a new all time high printed, beyond that, who knows?!
The potential right shoulder has corrected by around 50% and we are looking set to close above the 10EMA on the daily chart, which for me is a trigger to get long.
Best of luck!
GOLD's Bullish Momentum Not Dead Yet
Yesterday, we saw a huge selloff of Gold down to its support at around 1590-1600. With all short and long term moving averages showing bullish momentum as well as global economic slowdown and uncertainty due to Covid-19, I will expect safe havens to continue to outperform. For now, we can expect the bullish momentum to its all-time of 1800 in 2012 before short-covering might take place again.
Buy TGT @ $113-$114 till 03/09/2020Buy Target Corp at current price of $113-$116 (Avg $114) and hold it approximately till 09.03.2020 to take at $125.0 (+9,6%).
Reason of the exact date of 03/09/2020 - is the Avg expected Value (Return) equal to 0.21% daily. So in average the stock will grow by 0.21% daily.
I am sure the stock will rise because of the next reasons:
1. sustainable large company one of the leaders in the industry in USA
2. the price plunge is due to the company slightly less than expected forecast for upcoming 4q statement
3. the stock is considered as defensive assset (a.k.a. safe heaven)
4. the stock price is very cheap
Although, the price can slump down to $105 per share, so my recommendation is to take more on that level.
If it slumps to $105, the average price will be $109,5 stop-loss at $103 (-6%), take profit at $125 (+14%).
Have a Good Luck!
Gold Dip - Buy OppWith the US markets taking a hard hit this week amongst the Coronavirus becoming a possible pandemic, smart money is moving to safe haven assets like Gold.
If you were to drop down to the hourly timeframe you can see the triple bottom in more detail.
