GBPJPY - 5-0 PatternA 5-0 Pattern set up for a counter-trend trading opportunity. There's a trendline that can help you to gauge the movement of the setup, breaking and closing below the trendline weakens the uptrend movement.
Uselections2020
Gold the day after US election: bullish !!since the idea is based on 15mn time frame, this idea is available only for one day.
let's see if the market will give me reason today
if you like the post, don't hesitate to discuss it with me or thumble up and follow me
thank you
USDCAD BUY (Signal #6)Based on some basic fundamental analysis due to the US election, it is expected that buyers will not be able to hold this support level for much longer and it will be broken very soon.
Enter this trade now.
Entry Price: 1.31370
Take profit: 1.33557 (100)
Stop loss: 1.30360 (100)
Trump vs Biden - How will the stock market react?Equity Markets have been on a consolidation level ever since reaching their all-time high level back in September. This extended uptrend came after the Corona Virus Market crash and adjusted ever since the 23rd of March 2020.
Back in 2016, Trump won the presidential race against his tough opponent, Hillary Clinton. When the results were announced, reactions were mental from the democratic people, signaling a failed state. On the contrary, the US stock market recorded huge gains and markets were all up for the day and kept on an uptrend, all until the recent Covid-19 crash.
Donald Trump is known to be corporate-friendly, meaning he lowers the taxes on corporations for them to be able to expand and employ more Americans. Companies love the Donald. He doesn’t care about the environment, thus he doesn’t impose any Green Sanction, which usually comes at a very high cost. That’s why stock markets should go up if Donald Trump wins the 2020 US elections.
On another hand, a Biden win would most probably cause a stall in the stock market in the long run. More corporate taxes will be imposed, Green Sanctions and US companies will look to incorporate elsewhere.
That's all in theory...we'll keep a close lookout on how the markets react, that's when the results are finally announced with all the mail in drama.
More on this in relation to cryptocurrencies: cryptoticker.io
EURAUD update on the latest market movements Hello Traders !!!
After the latest analyze that I posted on EURAUD was extremely successful and took more than 400 points out of the market, I believe it is time for a new update.
At this stage everything is bearish on the currency pair however I believe thighs will change. After EURAUD reaching 1.68 I was expecting a retracement around 1.6580 (previous resistance) witch the market did. From there I was expecting the price to bounce back (witch it didn't), but that is OK because the more it goes down the bigger the number of PIPS that we can take again from it.
The zone market on the chart, becomes now a VERY IMPORTANT zone. It is resistance and the market recently tested it and bounced back. Now if the zone is retested and holds then I will be very confident to take a long positions from there with targets at 1.6750 even 1.6800. The alternative, if the zone breaks then I will not enter into a short trade, i will just wait for the price to reach the blue line on the chart and from there to take a long position.
Stay safe out there and if you trade EURAUD, make sure you trade with a low exposure because when it moves it moves 300-400 points in one direction. So make sure you can afford that risk.
Gold seems to be more valuable than dollar. Isn't it?Conservative Investors will not do much of Risk in this time! Means that Gold will be more valuable than investment for coming days when we don't know who will be the President of USA in 2020. Also Gold was already in the bullish rally which can be supported till 1910$ atleast.
USDCAD - TypeII Bearish Shark CrabA type2 Bearish Shark and Crab pattern may set up for a great shorting opportunity. The price I'm looking to engage in a range of 1.3322-1.3338. President Donald Trump earlier wants to have the vote-counting stop and want to bring this to the supreme court.
US Presidential election US30 / DJI trading ideaCurrently, my sentiment is Bullish because of the price action. But, if Joe Biden wins the elections, most likely I will short-selling the breakout.
Catalyst:
- US Presidential Election
PVR channel pattern formedwont give any levels
just analyse the pattern and take an appropriate decision
market may become bearish due to US election
so trade wisely
otherwise one can stay bullish for PVR
try to buy near the buying support zone and take at least 1:2 ratio
AUDUSD Sets To Complete A Double Zigzag PatternAfter completed an expanded flat corrective pattern, the price can move lower in the days ahead.
Nameable Elliot Wave Pattern: (w)-(x)-(y) Double Zigzag in the higher degree.
What's your view on AUDUSD?
GBPJPY Updatesthe first step has been completed, we are now waiting to see if the level holds or breaks. failure to hold the level then step 2 becomes invalid.
lets wait and see how the market reacts on the 137.225 zone.
USDJPYNO ENTRY AT THE MOMENT. USDJPY IS UNDECIDED AS WE ALL ARE SEEING A LOT OF SELLING PRESSURE WHEREBY YOU NEED TO BE VERY CAREFUL WHEN YOU WANT TO SELL HERE. HIGHLY RECOMMEND A GOOD ENTRY POINT AT OUR MAJOR LEVEL OF SUPPORT. THERE IS A LOT OF INFLUENCE ON THIS PAIR eg. USelections, stimulus on hold etc...
APPLY PROPER RISK MANAGEMENT
EUR/USD BEARISH PREDICTION #SHOGUNFXRED-RESISTANCE
YELLOW- ENTRY PRICE
GREEN-SUPPORT
PURPLE- STOP LOSS
BLUE- PROFIT TARGET"
OANDA:EURUSD
S&P500 Performance In US Election. What to Expect This Week?Only two days left until the elections and Wall Street is bracing itself for the next president of the United States - Trump or Biden.
US Elections have been and are always expected to be an extremely volatile event worldwide. Elections, similar to other political or banking sector events, are notably treated by market participants with anticipation and speculation.
Last week, the S&P 500 has taken its deepest dive, dropping 5.5%, while the US GDP increased by a surprising 31%. Below is my previous analysis of S&P500 and how Elliot Wave prepares us for the crazy decline.
What to expect during the week?
The chart above shows that SPX decline is still making an incomplete five-wave impulse sequence. The price is expected to keep heading lower and selling the rally after a short-term swing higher is ideal. The price has the potential to retest the lower boundary of the channel to complete the bearish sequence.
What's your view on S&P500? Let me know in the comment.
Safe Trading!
Veejahbee.
US Election - NZDUSD Sell Trade SetupA week of high-volatility ahead of us in the FX market as the US presidential electio n is only a few days away. Sharp and unexpected price movement could happen around the time election results are announced and days after. So stay vigilant and trade safely.
As you know I'm a pure technical guy! I don't care what the news says but rely on the pure price action for my trading decision. There is a lot of high-probability setups I'm watching this week but I would like to share the NZDUSD now.
After the strong impulsive decline on NU, the price has been trading sideways and it contained within a parallel channel. The upper boundary of the channel has been tested about four times and also rejected a strong S&R level.
I will be expecting further weakness on this pair in the days ahead. I will wait for the break of the green line for entry and my stop at red lines for both conservative and aggressive stop placement.
What are you looking at this week? Will you be trading? Let me know in the comment
Regards,
Veejahbee.
FVG closed, Buyers taking position as we await US ElectionsPrice is currently rejecting at an interesting level on the daily. An FVG has already been filled and anticipate more buyers to come in as we head towards elections week on Nov 3. Keep an eye on and be ready to pertake of this pie.
XAU/USD Signal And Analysis Ahead Of US Election US Presidential Election, ISM, and Employment Reports are scheduled for the next week. And RBA also expected to lower their interest rate to 0.105 from 0.25%. All this news will have a big impact on the Gold Price movement.
President Trump Re-Elected means more political uncertainty, Big stimulate package over 3 trillion, and careless about covid-19 will help gold to rise. US30 will also rise at the same time.
If Biden wins in the election, the US may negotiate with other nations, political uncertainty may get some hope, Stimulate Package will be less than 1 trillion may help to drop Gold Price again.
Gold Sell Limit 1890-1905 Price Zone
SL: 1935.00 Price Zone
TP1: 1800.00
TP2: 1750.00
TP3: 1700-1680 Price Zone.
On The Other Hand,
Buy Stop 1935-1940 Price Zone
SL: 1890.00 Price Zone
TP1: 1980.00
TP2: 2010.00
TP3: 2050-2070 Price Zone.
I Do Expect More Drop-In the Coming Week..... But Never Forget It's an election week. So, Anything can happen.. So, Keep your lot small and follow money management.. Best of luck
The US Market is waitingThe US elections next week bring the market to a point where all we have to do is wait and of course, prepare our trading account for the crucial hours when it will be revealed who will lead the country in the next 4 years which are expected to be very difficult and challenging especially in the economic and social aspects.
Technical analysis aspect
We can clearly see the market prepare itself for the election day based on the S&P500 triangle pattern, the breakout will take place next week between Tuesday to Thursday How will the identity of the winner affect the market? See the post from the 5th.
Strong fluctuations in the leading US indices are not expected during this week, and even if the upcoming earnings reports show unexpected results, it will be a sharp but temporary and short-term reaction.
What should you do until the election?
Portfolio protection: If you are a low-risk investor, avoid trading assets that are considered volatile such as Bitcoin, low market cap stocks, exotic currencies, and oil.
Get Ready: With a proper post-election trading plan that includes exit points (stop loss & take profit), accurate and right ratio of the exposure based on account balance, a good trader can make around 20% within a short period of time (1-2 weeks) after the election.
The 20% can be $100 or $100,000 (depending on the account balance), in addition, a large balance reduces risk by spreading the risk across many assets.
Increase the account balance is a-must in such events if the current account balance is low or insufficient in order to split the risk across 5 different asset at the same time.
GOLD GOLD BUY OPPORTUNITY WE ARE CURRENTLY AT A DEMAND LEVEL ,GOLD CAN BE A RISKY ASSET AND IS ALSO PROBABLYTHAT FOLLOWING FUNDAMENTAL ANALYSIS GOLD CAN BREAKOUT TO THE DOWNSIDE BECAUSE OF USA ELECTIONS, THIS IS JUST FOR EDUCATIONAL, PURPOSES.
GOLDGOLD BUY OPPORTUNITY WE ARE CURRENTLY AT A DEMAND LEVEL ,GOLD CAN BE A RISKY ASSET AND IS ALSO PROBABLYTHAT FOLLOWING FUNDAMENTAL ANALYSIS GOLD CAN BREAKOUT TO THE DOWNSIDE BECAUSE OF USA ELECTIONS, THIS IS JUST FOR EDUCATIONAL, PURPOSES.
Euro gains faith of investors durring Corona Virus.E.U successfully overcomed the challenge of coronavirus unpredictable first strike. Even with the threat of italy and spain leaving the union, E.U stand united and finded the soloutin. That win against the pandemic gived faith to the investors who remained stand by the europeans.
Also the elections of november for the next US president, the black live matters movement and the treatment of Trump's government for the pandemic shows an unstable economic enviroment.
Goldy's 2050 adventure (Updated!)Traders, gamblers and the rest of the financial market riffraff, I salute you. What an awesome week it was, raining pips all over the place in goldyland and we scooped it up and down like we have been working in a gelateria in one of the alleyways of Rome.
The coming week will be decisive for gold as we have been stuck in this beautiful range for too long and we are nearing the end of the apex of the triangle. The volume is increasing, the moves are getting bigger by the day, you can feel the tension building up in the charts. Time to dig in the charts yo.
So let's start with the latest COT-report. Strongly bullish is all I can say. We have a record-breaking 340k longs opened in total on gold with 13k new longs opened last week by large speculators!
As we all know, the large speculators (hedge funds, banks) are the real market movers as the market is mostly driven by speculation. Basically what this means is that traders are speculating on a Trump victory as the dollar COT report looks mildly bearish again with 2k longs closed but no shorts added.
Now the confusing part... I personally expect a bullish dollar in the coming weeks, as we are nearing the Monthly bullish defenseline again for DXY and the risk remains high on stocks, but I am also bullish on gold on the medium term. What to make out of this mess? We simply follow what the market is giving us on a weekly basis.
For the coming week I expect some minor downside for gold to 1870-1880 so goldy can finish wave 2. This is an awesome buying opportunity for 1965. If the volume is high enough and if we get to see a stimulus deal agreed upon combined with the re-election of Trump, the bulls can push it through to 1993 without even looking back.
A one way rocket to heaven. A supersonic Maglev bull train. A raging bull on steroids. Well you get my point... Basically what I am saying is, this is a trade not to be missed.
Enjoy your weekend and don't forget to spend some time with your loved ones. The weekend is a precious time for traders to re-energize and the only time for most of us to spend it with the people we care about. Spend it wisely.
Abbracci,
Cesaro
