Covering the following: btcusd ethusd eurusd audusd gbpusd usdcad usdjpy us10y
I covered the following in the update: -BTC -ETH -S&P500 -AUDUSD -EURUSD -GBPUSD -USDCAD -US10Y
Shorting USDCAD here. I am expecting the dollar to crumble in the upcoming weeks. Everything looks hyperxtended at this point and there is no reason for dollar strength even though powell suggested something else. Will see CPI on Tuesday but we have reasons to believe based on PCE that the data should come out bad.
I think a breakout is imminent for GU...Although it looks like it could go lower i think the dollar is overstretched and a pullback is due. We believe that it will retest the highs before coming down again. All we need is a bit of a nudge from the US data which we bet that comes out bad.
Shorting USDJPY here. We hit some historical highs. Although there is not much resistance we believe that USD will weaken in the short term. This is a great swing position. If the data deteriorates in the US expect some brutal pullbacks in USDJPY.. There is also a lot of verbal intervention coming from Japan. We will take it level to level.
Oil seems to ramp and i think there will be some usd weakness later in the day. The R:R is too good to ignore.
Oil seems to ramp and i think there will be some usd weakness later in the day. The R:R is too good to ignore.
Okay...so we got stopped on the last ideas as we did not expect the dollar to roar like this. Its okay, we reasses . Right now we hit the 61.8% fibo extension. If you are into a swing trade this is it... we are betting on some bad US data and CPI next week. If there is a top 147 area is the top and we will build shorts up until there. If this was the top...we will...
USD weakness in near term is here. We got a signal from our algo to long GBPUSD. It aligns pretty well with some fundamentals. This should be a temporary macro bottom before moving down to be honest. We will see how fast the US data is deteriorating vs the other continents. The USD had a pretty good run and it was at some historical levels. I think a healthy...
Longing SPX here... It really looks ripe for a squeeze. The ADP numbers today showed a slowdown in the jobs... Usually it forecasts NFP so we might have some consolidation here also with big 4hRSI div and 1H until Friday. Tomorrow we have ISM which may come in as a surprise but let's see. I am really expecting some horrible numbers on NFP as White House came out...
Longing EURUSD at these levels. It seems like ECB is on a path of aggressive hiking so probably the divergence between the FED and ECB is starting to narrow. I think we might have a temporary bottom, technically the trend is still down, especially with news such as Russia cutting gas to Europe but i think we will survive through it. This seems like a good play near term.
Longing GBPUSD with a good R:R. We think that near term dollar should retreat and we think that J Powell will sing the same tune at the Jackson Hole event. The market roared yesterday from missed PMI's ... If we get a miss from PCE on Friday we might have a temporary bottom and get a macro pullback for near term. Trade with caution as the markets are very...
Longing AUDUSD here with a very wide SL and low risk. Market is very volatile so i am okay with this R for now. I missed the entry by far today but managed to get into GBPUSD quite early so i dont want to overkill my equity.
Shorting AUDUSD with a tight SL 25pips and tp 80pips. I believe risk is here with SPX already reaching a macro resistance. Later in the day the market will feel the wrath of the USD
Same as the AUDUSD short idea. I think SPX reached a macro resistance and usd will strengthen today. This will drag risk accross the board
I am going to short SPX on this daily trendline and obvious resistance here. I think the market will get a reality check after tomorrow's fomc minutes and we will correct very hard. I believe this might be a bear market rally or if we still gonna go up we definitely have to correct here. There is a lot of liquidity here and a lot of confluence. Its an amazing R:R...
Same as AUDJPY idea. I think we will go lower as SPX has reached macro resistance. Risk accross the board will be dragged by this. Market will get a reality check after FOMC minutes tomorrow