Should equities break down further I will buy at these levels. Note that today (Mar 25) it is resting at support but other equity indices eg US have further to fall, so I think more decline is possible. And if so this is where Id enter
I see two distinct volume clusters where MU has traded. One is between $29.75 and $32, and the other is $27.50 to $29.50. We are approaching the upper bound of the latter and a break above it could signal a move higher possibly up to $32. With a break above a small stoploss could be set making it good risk/reward. Bullish catalyst as David Tepper added more of...
USDJPY has been falling for past 2 weeks or so. After steep falls price retraces to previous session volume point of control. This happened 2/4 times. On a third time it was just a few pips short. The fourth time the price did not retrace at all. So I think decent chance of the pullback to newest VPOC.
Also want to point out CFTC data shows sellers of yen (not...
AUD has been supported lately and Im looking to enter via pullback. Entry is around 87.00 to 87.05 with a stoploss of 25 to 30 pips. The entry marks the point where there is a shift from low volume region to high volume. Reasons for AUD strength and JPY weakness:
*Better Chinese Imports
*Better Chinese Exports
*Dovish Yellen signaled inflation corners
*US CPI...
EUR speculative position has been at extremes and USD has been oversold. We also got a completed DeMark setup indicating a possible reversal. Today the market was expecting the Fed to be a bit dovish, instead they signaled they were staying the course and GDP expectations even increased. Im expecting dollar to recover and Eur to sell off.
