UnknownUnicorn30961286

UnknownUnicorn30961286

Now the black gold, oil. Same as any other pair + we already are set to see it going down. Would love it to go up to 108.00 to consider entering any shorts, targeting 93.80. Stops would be set at around 113.59, making it the best risk to reward potential trade for the week.

UnknownUnicorn30961286

Oh well, Dollar strength biased to the bone, I would also anticipate shorts on XAU, because, why not? My trigger area here would start around 1770.000, which I then would like to see hit 1718.343. To protect my miserable portfolio, I would set the stops to 1812.190

UnknownUnicorn30961286

Throughout the starting week, as mentioned in my EURUSD analysis, I expect dollar strength across all the USD bound quotes and GBPUSD, correlating with the previous to some extent, should not differ much. Would consider shorting the pair at around 1.20700, targeting 1.17560. If the shorts take place, my stop loss would be 1.22874

UnknownUnicorn30961286

Heading into this week, I expect the dollar to remain strong and thus have more downside throughout all the USD pairs(see my other analysis). With EURUSD in particular, I would like the pair to retrace up a bit before entering any shorts. Something around 1.03500 would trigger my attention and as far as the targets go, I would aim for 0.99872 at least. However,...

UnknownUnicorn30961286

A bit different logic here on GJ. Fundamentally we have quite weak Pound and if we look at Japanese futures, we can see they are in a counter-trend correction. For this reason I favour the idea of shorts closer to London open.

UnknownUnicorn30961286

Exactly the same bias here on Pound/Yen, considering how much bear pressure we had in the end of April & start of May. Might get a great short setup closer to London open with a reasonable stop loss and a great risk-to-reward ratio.

UnknownUnicorn30961286

Since I am expecting the Dollar to strengthen, we might as well assume the price will move to it's previous fair value range of 1.04972 - 1.05712 where we could look for sells. Shorting it from the current levels is not mathematically rational, since that would give us a risk to reward ratio of 1:1.2 and 169 pips stop loss.

UnknownUnicorn30961286

The dollar index has been moving within the 103.000 - 104.000 range for nearly a month before it broke down the bottom and formed a new support at 101.000. It is likely that we will see it moving back up towards the bottom of the previous fair value range and see bullishness across the xxxUSD pairs.

UnknownUnicorn30961286

Overall bearish market + Unsustainabilty. Time to get out.

UnknownUnicorn30961286

Expecting BTC to return to the previous lows of the structure off the back of DXY bullish continuation.

UnknownUnicorn30961286

Despite the fact that my previous trade idea did not play out positively, my bias for Gold still remains bearish. In the following week I'm expecting the pair to be pushed a tad bit higher, mainly because of the DXY correction before the bearish trend continues. Happy trading!

UnknownUnicorn30961286

EURUSD has been correcting throughout the previous week along with the DXY. In the upcoming week I expect the pair to push a bit higher and test the 1.06500 level before taking any short positions. The reason for the bearish bias is obviously the current state of global economics, where money flows into cash reserves.

UnknownUnicorn30961286

The price action suggests that GBPUSD is currently in a counter-trend correction, within an overall bearish trend. For the week ahead, I would like to see the bullish momentum start fading away before jumping into any sells position.

UnknownUnicorn30961286

Last week we saw correction across all the financial markets and WTI was no exception. Coming into the next week, there will certainly be a couple of opportunities to short OIL further down with the trend to around 106.00 before it starts shifting the structure to the upside.

UnknownUnicorn30961286

Why are the indices keep rising? Simple answer: Powell did not say anything new, and everything is already "priced in." Key points of the speech: Rate increase by 0.5% in June and July; Inflation indicators determine the aggressiveness of rate hikes; It is expected that the rate will reach a neutral level in the 4th quarter of this year; It is necessary to slow...

UnknownUnicorn30961286

If we zoom out to a higher timeframe, it gets clear the overall trend is bearish and current structure is retracement before upcoming continuation to the downside

UnknownUnicorn30961286

Gold has been bearish for over a month now and it is still yet to clear the key level of resistance - 1780. However, there is still room for buyers to push the price higher to 1830ish.

UnknownUnicorn30961286

Pretty solid price action on BTCUSD, although not as lively as I was expecting. Closed 30% of the initial position and moved sl 10% in profit