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Sideways

USDCHF : Moving to sideway zoneHello traders, this is my end-of-trading-week prediction( not advice ofcourse ) Even though there are 2 continuous Sell signal at some important zone, you can go Short now for a RR:1.4 trade but i personally don't like the price action here: 2 sign signals continuously is too much for a downtrend: It feels like buyers are trying to break the down trend: When buyers are gaining back their influencs in a downtrend: Sideway market. - Good time for sideway traders. Next week we will have a better view on this pair. Goodluck next weekdays guys
by minhdang3264
Please make your bets. Dax in a put situationMoin from Hamburg as described in detail in the TC24 live trading room, the DAX is in a put situation (grey area) on a daily basis. There are many arguments for rising (e.g. interest rate cut USA) but also for falling prices - both chart technical and fundamental. The next few days will tell us more where the journey is heading. Perhaps the recently opened reporting season for US companies will provide the necessary impulses. Dax prices above 12,400-12,440 significantly increase the chances of further increases, even long term. On the other hand, if the Dax closes below 12,300 points (end of day), the first profit target is the support line at 12,189. Despite the good volatility on an intraday basis, daily traders should wait until the Dax is leaving the grey zone. Good trades!
XETR:DAX
by TradersClub24-International
4
Overall view on XAUUSD or GOLD - Update of July 9th's weekGold has been consolidating for 2 weeks with clear levels of institutional supply and demand. Thus, the metal security is swinging in a 50.000 $ per unit or 5,000 pips range favorable for scalping between the extremums. However, the overall trend is bullish and prices jumped back after settling on the support zone. After the fed's chair testimony enlightening us on greater odds of a rate cut, and the upcoming news such as the jobless claim or the consumer price index, we are likely to see more movements. Possible targets: @1430.000 (+20.000$ per unit or 2,000pips) or @1390.000(+5.00 per unit or 500 pips) if the trend turns bearish. Advice: Buy at any low point while we don't break @1400.000 bottom level.
OANDA:XAUUSDLong
by Theperfectionist
2
Overall view of XAUUSD - Update of July 1stThe commodity has been on a continuous bull since the beginning of June's month, and settled on the resistance zone surrounding @1440.000. Prices are sideways and consolidating, waiting for a breakout. G20 meeting ended up with a series of agreements and negotiations, which might confirm and increasing odd of a bear pressure. Possible targets: @1360.000 (+40.00 per unit or 4,000pips) if bearish trend confirmed or @1500.000(+60.00 per unit or 6,000 pips) if bullish trend confirmed. Advice: Await for a confirmation.
OANDA:XAUUSD
by Theperfectionist
4
Citigroup Short July Iron Condor w/ sideways channelCitibank has been trading within a horizontal range and sideways channel between 65.50 and 69 for the past fourteen trading days. Because of this, we are shorting the iron condor by writing the 69 calls and 65.5 puts for the initial strangle, and going half a dollar out on each side to acquire the protection (longing the 69.5 calls and 65 puts), thus turning the strangle into an iron condor. Being slightly below the money, it is somewhat bearish but created such that it aligns with the historical channel. By using the July 5th options, which are eight trading days away, we expect Citi to stay within the channel. This trade is done for a max profit of 30 and a max loss of 20 because the credit is .30/contract. This gives us break-evens of 65.2 and 69.3, and a better risk reward ratio (30/20) is received when the trade is done with calls instead of puts (29/21). This maximizes profit potential.
NYSE:C
by LaurenTrading
4
Overall View of EURUSD - Update of June 17th week1.13478 top level was reached after a sharp bull trend. Prices settled on a resistance zone and were subjected to a bear pressure. After a strong reversal signal on June 12th, the odds of a bear trend became higher. Possible targets : @1.12000 (+75pips) and @1.11200 (+150 pips). Advice : Stay bearish and sell at any high point while we don't break the resistance zone or 1.13478 top level. Correlated pairs : USDCAD (-87.8%) and XAUUSD (62.5%). We are more likely to experience a strong bull spike with the USDCAD while a minor effect on the XAUUSD . Previous view: Odds of a bear continuation are high, stay bearish and sell at any high points while we don't break the resistance zone or 1.13478 top level. Actual outcome: Prices were side ways with a test of the strong institutional level 1.12000 and forming a daily doji bar. Likewise bulls attempt to reverse the trend failed Actual view: Prices are still subjected to a bear pressure. Odds of a bull trend continuation are high. Possible targets : @1.12000(+20pips) and @1.11400 (+80pips). Advice : Stay bearish and sell at any high point while we don't break the 1.12600 top level. Correlated pairs : USDCAD (-87.8%) and XAUUSD (62.5%). USDCAD is still on a very strong bull spike, confirming that there are more odds for the EURUSD to continue its downtrend.
Short
by Theperfectionist
SHORT Overall view of CADCHF - Update of June 17th weekPrevious view: Odds of a bull pullback are medium/high, stay bullish and buy at any low point while we don't break the 0.74400 bottom level, which will confirm the bearish pressure. Actual outcome: Prices tested 0.74400 bottom level; although the was a tiny rejection, the bearish pressure has been confirmed. Possible targets: @0.74000 (+30pips) and @0.73640 (+80pips). Advice: Stay bearish and sell at any high point while prices don't break the 0.74650 top level. Correlated pairs: USDJPY (92.8%) We are more likely to experience a strong bull spike with the USDJPY which is currently at a support zone and showing a progressive upward trend. Moreover, that might be the clue that CADCHF's odds to continue its bear run are higher.
Short
by Theperfectionist
PANW Iron CondorSince PANW is very rich in premium right now with a high IV. It seems to have broken support and is going sideways. ER is May 30th I may decide to take off the trade before then however I may also want to take advantage of the IV contraction. 195/200/240/250 EXP June 21st $290/710 Profit/Risk I plan to take the trade off at $150 profit which means I will risk $300 to make $150 since its a high probability trade. If this goes toward the bottom end I will try rolling the top side closer to the side broken or I may just leave the trade since the top side is more vulnerable. Trade Journal Entry, not trade advice.
PShort
by Synaptic724