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$SPX - Short Or Long? Range 3706-3818I'm not sure if SPX is going to continue doing what it has been for most of the week as usually the last day of the week can be a turnaround day. SO I've drawn up a lot on this chart that I've hidden but, I'm looking for two thigs to happen and either way I don't think it can go wrong. 1. The day starts at 9:30 a.m NY time and it moves up into the box I have set between 3798.6-3818 at that point I would should as has been the case for the last two days and the price will reach for a low that would be lower than yesterdays low between 3722-3706. 2. Or the the day could start and thE price reach into that low mentioned above 3722-3706 but we see a rebound at the end of the week and long the SPX at this point until it hits the box above around 3798-3818. 3. There is a third option I see less likely but still likely, and that is as the day starts, price reaches just below 3722 before longing just above it's current high 3783 before plummeting further down. I'm waiting til 9:30 to make a better informed decision but I just wanted to put my thoughts out there as the possible scenarios as to what I believe will happen wIth then SPX. I'm leaning toward option 1, but that's just me. Will Update at 9:30 or just post the idea to short or long. And my finger will be ready to press either button on MT4. OANDA:SPX500USD
OANDA:SPX500USD
by BodiesXWix
HKG_50 Insider IdeaHey traders. The Asian session saw heavy losses after an overnight rise in bond yields which increased fear of yet another crash during the US session. Markets in China, Japan, South Korea lost more than 2% during their regular trading hours. I don't expect a sell-out across all sectors at Wall Street today (it will be more likely concentrated in "higher risk assets/stocks" / the technology / consumer good sectors) but I expect investors to increasingly bring money home , in particulary from investments that are considered more risky - such as foreign investments. Alibaba and other Chinese giants are heavily dumbey by US investors. It will be hard for the Hang Seng to turn around on Monday, unless Wall Street has a stellar perfomance today. Even if the US Stimulus package goes through the House today, it will still need to pass the US Senate next week, which can only happen after the Asian session on Monday is in the books. I expect also further losses in after-hours trading in Hong Kong, which will continue to put pressure on the Hang-Seng. Hope everyone are fine, good trading:)
SSE:H11110Short
by UnknownUnicorn11002527
Channel trading!The aussie is inside a bearish channel in H4 chart, the price broke the bigger trendline in daily chart and is now goign down towards the first green line (38.2% Fibonacci), look at the volumes: They are decreasing while the price is going up, it means that the pair is having a retracement and the trend direction is downward. Keep in mind that the 38.2% represents the first target also in the daily chart, whereas in the weekly chart there was a bearish harami pattern around 4 weeks ago, and the rsi signalled a sell movement, so the bigger picyure target is around 0.7400 where the 100-day moving average is located. Keep in mind that RBA is tryng to put weight on The australian dollar because the QUANTITATIVE easing has been extended to November 2021 recently.
Short
by Dragon_Investments
2
"DJ KHALID" ANOTHER ONESo another similar set up here on another GBP! So a very similar trade to our last one which was posted earlier: (What goes up must come down) & (Lets try again). So what we can see here, the British pound has spiked throughout all currency pairs today which is the 04/02/21. The main cause to this i believe is 'BOE Rapid U.K Rebound Following Johnson's vaccine push' headline news. But as we can see here the price hasn't yet pushed up as far as our resistance zone . Now if price carries on to be bullish and continues to push upwards with momentum and break through our resistance zone then we will more than likely hit Stop loss. (Worse case scenario) But from analysing the chart i believe that we could potentially see bearish momentum and see price drop as far as 143.300 im going to keep a close eye on this as im currently in a few other trades at the moment and if i decide to take this one then i will update this post as of when! KEEP YOUR EYES PEALED GUYS! we're going to make big moves before the end of this week!
by Forexinsightsuk
5
LETS TRY AGAIN!So a very similar trade to our last one which was posted earlier which we cut our losses from: (What goes up must come down) So what we can see here, the British pound has spiked throughout all currency pairs today which is the 04/02/21. The main cause to this i believe is 'BOE Rapid U.K Rebound Following Johnson's vaccine push' headline news. But as we can see here the price hasn't yet pushed up as far as our resistance zone. Now if price carries on to be bullish and continues to push upwards with momentum and break through our resistance zone then we will more than likely hit Stop loss. (Worse case scenario) But from analysing the chart i believe that we could potentially see bearish momentum and see price drop as far as 1.85000. im entering this trade now at the following: ENTRY 1.90317 SL: 1.90700 TP: 1.85000
Short
by Forexinsightsuk
1