SoapstoneCapital

SoapstoneCapital

Shorting into imbalance below. Respected demand and will look for longs in the imbalance.

SoapstoneCapital

Shorting into major demand as BOJ meets this week to discuss bond purchasing. Intervention still on the table. Rate hike and bond purchase plan announced on the 31st. Still holding all XXXjpy shorts half risk each

SoapstoneCapital

Swept Equal highs and now ready to short for consolidation before BOJ meeting this week and also the 31st for rate and bond reduction plan. See USDJPY idea for fundamental explanation.

SoapstoneCapital Updated 

The sterling is catching momentum against the Canadian dollar. The bank is not expected to raise rates again. Global economies with the exception of China continue in recession or headed towards a recession. There was a sell to buy sweep of a retail channel into a key demand zone. I am thinking we go long from here or take a loss and wait for the next level.

SoapstoneCapital Updated 

Bounce off demand with stochastic and economic confluence. BOC will hold rates and should continue to see weakness in the CAD unless econ data shows different. My thought is we make a new high from here.

SoapstoneCapital

See my USDJPY notes for fundamentals supporting the short. Taking this short after equal highs were swept after US holiday. Should see lower pricing with fundamentals and to mitigate the opening gap from last week.

SoapstoneCapital

Waiting for pullback to short from supply. The US has seen weaker fundamental data come out. NFP is a joke with the gov hiring most workers. Inflation data may prompt a brief pullback to then short again.

SoapstoneCapital

Reserve bank of New Zealand announces their rates this week and their dot plots for cuts. I am expecting consolidation lower as well as a pullback to the last major demand zone. New Zealand is also tipping into a recession but has had sticky inflation. If consumer data comes in weaker inflation should follow. BOJ is going on the offensive soon see my USDJPY idea...

SoapstoneCapital

The yen has hit almost 40 year lows. The BOJ meets this week to discuss their bond purchase reduction plan. They will announce their plan along with their rate hike at he end of the month on the 31st. If they raise rates higher and reduce bond purchases by 100 billion the yen will have a solid foundation to go higher and short USDJPY. The yield year yield spreads...

SoapstoneCapital

Looing for a pullback into key supply zone to short lower. Inflation data may come in flat or higher and cause a pullback into key level. HTF structure shows successful distribution of price.

SoapstoneCapital

Waiting for pullback into flip zones and last sell to buy zones that broke structure. Key inflation data may bring price back to key levels and then make higher highs. Staying patient.

SoapstoneCapital

BOJ is most likely going to intervene again. Taking half risk trade now with bearish 8 hour candle. May keep the trade on if trades higher. The bank of new zealand is expected to hold rates next month in a couple of week. This may change depending on inflation data that comes out before that. the BOJ will need to raise rates by 15 to 25 bps next month and...

SoapstoneCapital

Pullback into key demand level. It is in line with daily and 8 hr market structure. Will take TP1 at 50% Fibb level.