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EURUSD: Key Level That You MUST Pay Attention to! hey guys, though bearish movement on eurusd is officially started, always remember to look left at structure. the market is very close to a key monthly/weekly support cluster based on 2015's - 2020's price action. with average weekly atr, chances are high that this level will be reached quite soon and then most likely a pullback will follow. consider that yellow area for your swing short targets or for an area to buy from, catching a pullback. always wait for a confirmation on a lower time frame, because the area is relatively wide. good luck!
Short
by VasilyTrader
28
Likely Bearish Scenario for the following monthsIf we're before a yet unconfirmed bearish phase, this is a likely scenario. You can trade within the bearish channel. A minimal market run-up usually always follow the days prior a new POTUS election. I think we can expect markets continue to fall whether Trump or Biden get elected. It will only stop falling until long-term Bitcoin channel bottoms are hit. This is hit or miss, don't take this a financial advice. I post to see if my prediction ability is on point or too far off. Cheers.-
BITSTAMP:BTCUSD
by Juanjo_LP
AUDUSD: Important Breakout & Bearish Continuation hey guys, if you missed a short rally on audusd and want to be involved in this movement, I would suggest you be focused on the expanding supply area based on 0.721 level - last higher low and the broken support line of a major falling channel that was broken yesterday. aggressive on spot entry is not an option right now, because it will be hard to place a safe stop. next goal for sellers is 0.702 structure and the market will most likely continue going there.
Short
by VasilyTrader
15
RidetheMacro| USDCNH Market Commentary 2020.09.22✅ The optimistic numbers have proved that the world’s second largest economy is steadily recovering from the virus slump. Notably, the pair has already been falling for the 6th week in a row, therefore the report has just added tailwinds to the yuan. Moreover, the massive sell-off of the USD pushed the pair to the downside as well 📉. 📌 It’s impossible to ignore the US-China complicated relationship. There was some sign of improvement after the report of the successful phone call between two countries Recent weeks. China and the USA have promised to obey the phase-1 trade agreement, that encouraged investors. Nevertheless, there is still some uncertainty ahead of the election of the US president in November, which may significantly affect Sino-American relations. other side 📍 The Chinese central bank, the PBoC, kept the 1Y Loan Prime Rate at 3.85% and the 5Y Loan Prime Rate at 4.65%. The last time the central bank cut rates was in March.
Short
by Ridethemacro
Berkshire Hathaway's "Big" Correction | Today's Option PlayAttention has been on $BRKB after they gapped down 1.5% and continued to a low of -4.5%. After finding support on a monthly level @ $209, we decided to grab a small yet powerful position in weekly calls... ~ The stock currently sitsat $213 which almost looks like a 50% retracement from todays move. Heavy weekly support @ $208-$209. Watching the orange trend line as support as well, it holds strong on the weekly timeframe. Possible long on a break & close above $215.6 Upside targets: $222 Possible Short Entry: $208 Caution needed moving forward. Options Play Signaled: BRKB $217.5 9/25 Call @ $24 (up 120%) (these closed @ $215 yesterday) We grabbed these right before the bounce @ 70% off from yesterday's prices. This shows how powerful buying against implied volatility can be while trading options. DotcomJack | Picasso of Stonks
NYSE:BRK.BLong
by DotcomJack
RETRACEMENT THEN GO LONG THIS IS A SIMPLE ANALYSES FOR THE USD ON THE 1H CHART , SHOWING THAT THE USD IS GOING FOR A RETRACEMENT BEFORE RESUMING ITS WAY UP, OF COURSE WE HAAVE TO WAIT FOR THE " FED'S CHAIR POWELL SPEECH " IN 2 HOURS. PLEASE NOTE Disclaimer: 1- The analysis above for educational purposes only, I take no responsibility for your losses. 2- Please adjust your own lot-sizing according to your appetite. 3- If you are benefiting from my trade opinion, please leave me a comment
TVC:DXYLong
by Hatimlk
RidetheMacro| DOW Jones📌 Wall Street closed deeply in the red on Friday and the S&P and Nasdaq linked a third weekly decline, as sharp losses in the tech sector continued. Shares of Big Tech dropped steeply led by Apple (-3.2%), Amazon (-1.8%), and Microsoft (-1.2%). On the earnings side, US Steel rallied 9% after the company reported a smaller-than-expected quarterly loss. On the policy front, Democrats and Republicans are still far from a deal on the coronavirus aid follow-on bill to the previous $2 trillion package. The Dow Jones lost 245 points or 0.9% to 27,657. 🏴󠁳󠁣󠀰󠀱󠁿 the loss of the technical structure seeks compensation. Still Need a Clear Break of Trend Area also MA death cross help to give a clear view to add shorts with Confidence. ⚡ U.S.-China tensions simmer Tensions between China and the U.S. also dampened sentiment on Friday after the U.S. government said it will block all TikTok and WeChat downloads in the country on Sunday. Oracle, which is trying to take a minority stake in TikTok-parent ByteDance, fell 0.7%. Major Technical Areas to watch. Risky for longs above 27,35x Risk for shorts above 28,25x Like, subscribe and leave your comments below! 🤝 Until next time, Ride the macro
UShort
by Ridethemacro
RidetheMacro| USDJPY Outlook 2020.09.19📌the USD/JPY currency pair reached one and a half month lows this week at the middle of the 104th figure. In this price area, the southern momentum has faded and now traders are at crossroads: on the one hand – the weakening greenback which again began to lose its positions and on the other hand – the lack of weighty arguments for continuing the downward movement. The results of the September meeting of the Bank of Japan and the data published today on the growth of Japanese inflation did not provide any clarity as the USD/JPY pair continues to trade against the background of a contradictory fundamental picture.📈 🏦 the BoJ said in its Sept. 17 monetary-policy statement. “The pace of improvement is expected to be only moderate while the impact of COVID-19 🦠 remains worldwide.” The Japanese economy shrank 7.9% on quarter in Q2 2020, compared with the preliminary reading of a 7.8% decline and market consensus of an 8.1% drop, and after a 0.6% fall in Q1. This was the third straight quarter of contraction and the steepest on record, amid the severe impact of the COVID-19 crisis. Private consumption tumbled, falling for the third straight quarter (-7.9% vs -0.7% in Q1) 📍 Any material shift in this regard may be exacerbated by a contraction in global growth, with capital flight into the dollar Like, subscribe and leave your comments below! 🤝 Until next time, Ride the macro
Long
by Ridethemacro
4
AUDUSD: Morning Scalping AUDUSD is retesting a broken support line of a rising wedge pattern. the price got rejected from that on 4h and formed a dodji candle. on 1H chart we have a completed harmonic abcd pattern with a completion point lying perfectly on the above mentioned support. on 30 minutes the price is consolidating within a narrow horizontal trading range. I want to short bearish breakout of this range.(30 min candle close below) first goal - 0.7287 scalp trades are very risky. don't risk more than 0.5% of your deposit on such trades. if the market sets a new higher high above the horizontal range on 30m, setup will be invalid.
Short
by VasilyTrader
8