Alphamoney870

Alphamoney870

wait and see is the plan for now. Will update if I take this long.

Alphamoney870 Updated 

Below is the most likely outcome for the market probably happening in Q3 of 2024.

Alphamoney870

Chart speaks for itself, however judging how a recession is now the base case an M top pattern on a large S&P500 stock may be the hint we need. Wait for break of neckline (Red line).

Alphamoney870

Got bored and checked in on crypto this weekend. Looks our favourite doggy is making a cup and handle formation and higher highs. Watch for a breakout or breakdown....

Alphamoney870

Going out on a limb here and calling some sort of head and shoulders putting in the top on the NVDA rally. The current economic backdrop gives a bearish bias for the end of the year so we are taking a swing short on NVDA. Will keep the idea updated over the next while.

Alphamoney870 Updated 

looking for a quick trade before FOMC minutes today. SHORT ENTRY- 145.750 STOPLOSS- 146.200 TARGET- 145.000 AND BELOW

Alphamoney870 Updated 

Hey guys taking a swing trade for August on $FX:USDJPY. Expecting some dollar strength and stock market weakness so we are Dollar long for this month unless we see a change of trend. Will update on this idea as time passes or if idea fails.

Alphamoney870 Updated 

Target reached on short and looking for buys will update soon. Only an idea no long taken yet.

Alphamoney870 Updated 

Short to fill a old imbalance then look for buys as trend is still up. We are corrective right now.

Alphamoney870 Updated 

Short EUR/USD from monthly resistance, image tells the story.

Alphamoney870

Clear H&S formation see earlier ideas for my trade set up.

Alphamoney870 Updated 

right shoulder of head and shoulder pattern forming watching to short NVDA. SELL STOP - 270.50 SL- 285.00 TP- 235.00 :)

Alphamoney870

Wouldn't hold my breath for usd to go lower when NFP comes in bad i believe the bad news is already priced in and if we dont go to far off forecast the dollar may get a relief rally liquidating shorts on the dollar allowing institutions to get a better price on their dollar shorts. In short dollar will go down but not yet. Dxy could be at 103/104 by end of Friday....

Alphamoney870

No position but observing for weakness to short. Any imput appreciated.

Alphamoney870 Updated 

So here we have a buy trade being executed at $10.20 to the resistance level of $11.70 which may go higher so we will secure partial profits if it reaches our target of 11.70. I will be watching to see how price reacts to this level if we get an impulsive down candle the trade will be closed in profit. We may look at shorts in the 11.70 area also but this will...

Alphamoney870 Updated 

H and S on 15M timeframe looking for break of neck line and impulsive move below 20.00. Also have a fundamental bearish bias but looks like a quick short here.

Alphamoney870

As you can see here we have a clear inverse head and shoulders which could see us testing 0.75/0.74. Plenty of demand should we try go lower and i will be watching for false breakouts and this is a swing trade so patience is required. Let me know what you think or would like to ask a question.