Equities will only continue up through and after the election. If stimulus is kept until after, then it was all a ploy to keep the market up no matter the winner. This was a major, pump and dump.
POSITION YOURSELF TO SERIOUSLY CAPITALIZE.
Don't forget the dollar is meant to strongly devalue from neverending QE.
Fundamental idea in header.
Accompanying technicals on the chart. Thumbs up for this perfect triangle! I very rarely get to use them.
PTs 1.31, MA touches, 1.32, all the way to 1.330.
Market still hasn't turned bullish yet... We need to convert the orders in the current blue zone to longs, take out the monthly level within it, AND break the triangle.
Fundamental idea in header.
Accompanying technicals on the chart. Thumbs up for this perfect triangle! I very rarely get to use them.
PTs 1.31, MA touches, all the way to 1.330.
Market still hasn't turned bullish yet... We need to convert the orders in the current blue zone to longs, take out the monthly level within it, AND break the triangle.
Technical sell as price pulls back for another leg up as Euro stimulus continues. Maybe dxy gains some strength which will help this move but that's not the idea behind the trade.
The traders trying to buy the 200 MA here will be funny to watch lose.
Happy trading.
All technicals but as the 10yr yield drops, equities should follow.
For the buy, it's a scenario to capture what would be a continuation of the reopening hype.
Here's a quick sell scenario against 100.00.
No change in my fundamental bias from earlier dxy ideas.
Happy trading. Don't forget to follow - I've been sharing ideas weekly.
Fundamental case:
Overvalued AUD against Australian equities.
BJ's lockdown extension caused short term selling and I predict GBP will continue up.
Sentiment/PA:
Key level for this pair; just as we're seeing on many other pairs, there's an order block (in yellow) controlling the next wave of direction - this level is holding the selling since 1.9500.
Still a...
More dollar sell plays. This time on the Euro.
We could see 1.1500 in the coming weeks once all this volume in this range up to 1.1110 gets converted to longs.
I will be posting an update on my DXY outlook which I had accurate analysis on. The already falling asset sold from expensive values at time of news and will continue down.
Updated TA from my previous post. This time on the 4H.
Sellers held 100.75 and are now fighting for 99.80. If buyers take control here then we'll see a possible technical event in the yellow box with a confluence of:
-multiple moving averages
-100.00 handle
where sellers can reject price from once again.
Biased to the downside for reasons stated previously.
Been holding onto this TA for a while now. I posted it on twitter a lot earlier, you can follow me @thecolour_red.
On the chart you'll find 3 seller owned levels and one key liquidity area below that holds bullish sentiment. Currently, 100.39 has rejected price and is being challenged by buyers in the aforementioned zone.
Fundamentals:
-the rejection was printed...
Another long on GA.
Was hesitant to post this idea because the chart is messy.
Technicals:
-simply playing off the support
Price action:
-price held support level and going to challenge 1.9450 peg
-if sellers maintain control overall, then 1.91859 is my downward target
Fundamentals/Sentiment - See my last post // ideas are the same
Additional notes:
-GBP news...
