Traders
DXY (Dollar Index) : 2 trapped seller zones to watch outThough in relatively expensive area, there are 2 trapped seller zones to watch for. When price comes to these trapped sellers, the'll want to exit.
Emini : Trapped sellersSunday gap up caught a bunch of sellers by surprise. Their desire to exit is our long trade!
YM : Trapped sellersThe gap up on Sunday trapped a bunch of sellers, who would have a strong desire to exit when price comes back to them.
NQ : Trapped buyers and sellers on 30m chartThese are two important zones to watch for reversals from.
USDJPY Snipe zones : trapped sellers below July 2020 lowA large volume of sellers are trapped at July 2020 lows - who will have a strong desire to exit when price comes back to them - giving us a long entry.
USDOLLAR / DXY : Operating monthly rangeDXY has trapped buyers and sellers on bottom and top of the monthly chart. This might become an operating range for next few months!
EURJPY Snipe zone : trapped sellers in an uptrendTrapped sellers (from 30m) inside a larger 4h zone - will have an urge to exit when price comes back to them - resulting in a long entry!
NQ : When Nasdaq falls, where is the monthly support?The zone at 8943 has a bunch of sellers trapped from the Covid-19 selloff. They would want an exit. That'll be the support.
GOLD LOOKING GOODLets see 4h fib daily fib, bullish flag,
uptrend, breakout from daily consolidation
Nice entry formation at LTF consolidation
Entered after Breakout retest
1965.27 first TP
SPY500 : Another breakout to the top to trap more buyers?The volume of trapped buyers above Jan 2020 time high is very low (both on weekly and daily charts). I suspect that we'll see more topside so that market traps more buyers above all time highs before it reverses down violently!
USDOLLAR / DXY : Trapped sellersShorts are trapped in a uptrend in USDOLLAR/DXY. They would have a desire to exit when price comes back to them
GBPJPY : Trapped buyersTrapped buyers in a downtrend will have a desire to exit when price comes back to them
Trapped sellers below monthly low!The sellers tried to sell below the monthly low and failed. Look for them to exit when price comes back to that zone : giving us a beautiful LONG trade.
Go for 2x risk.
Oil; Ascending Channel HoldsFirstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! The opportunity for bulls to jump into the market as prices take-off from an ascending channel.
S&P 500 climbs higherFirstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Buyers are rejoicing as the index hits ATH. In case of a correction, 3450 will be the first support region.
GBPUSD Consolidation Negative BiasFUNDAMENTALS
UK: Despite a small increase in the CPI due to easing lockdown measures, the BofE is unlikely to change its stance. The market will react in consolidation to last week's news in the UK of the uncertainty of a post-Brexit trade deal with the EU, the UK's debt being larger than GDP and the figures casting a recession.
USA: Unemployment figures start to weaken and US geopolitical tensions rise between Biden/Harris and Trump/Pence. The Fed still will not change its attitude and will continue to purchase assets at least at the same rate that it has done in the past few months. Coronavirus new cases begin to fall.
TECHNICALS
This leads me to believe the market will not rise above the resistance level, though it will come close to reaching resistance if the price pierces through the 200period EMA - therefore it is unlikely a trade will arise in the next few days on this pair. Possible price movements are displayed on the chart.
Overall, I have a negative outlook on this pair; news in the UK seems to be more prominent than news in the US and with 2 consecutive daily pushes downward a third is easily on the horizon.
EURUSD- NEVER OPEN A TRADE AGAINST THE TRENDHello Traders,
Again the same point of view. Two scenarios, the price couldn't consolidate for a long time specially on this pair which is the most volatility one. Therefore, follow the main rule never fight the trend, we trade on Foreign Market, we don't create the trend , obviously we don't change it, we can't. Just follow the wave. The rules are on the chart. Lets see the paint.
Thank You.
