Placed the trade during M Jerome Powell Speech. From One key zone to the other. probably will be hit by the end of this week / early next week.
This is a short term trade. Look into the Fundamentals especially, AU, China fundaments.
Quick scalp this morning on Dow Jones 30 Looking for a 130 points movement to the downside before having a take on the up/down side for the longer term.
Supply and Demand tracements + Bonds Yields going back up. Aiming for TP 1 at 3.5 TP 2 3.303
PA to drop at least 30550 after a pump nearly 31000
First of all, on the Technical Side ; We can notice that the PA on the Daily Chart crossed below the 50 SMA. The 50 & 100 SMA also crossed over one another November 12th. That is our first indicator for a pullback PA was supported by the 100 SMA from September 28th to October 23rd. The PA went below for some time until the election we could see a big bounce (big...
We can spot the uptrend on the D/W/M timeframe as well as the 4h. The fundamentals looks negative for the GDP - The GPD QoQ & YoY release on September 30th both have negative consensus. The actual haven't been above the consensus for the last three release and with the new lockdown that has been in place over the past week, we can expect more weakness for the...