During the uncertainty and risk off environment, low GDP data didn't come unnoticed and big boys accumulated some equities after the huge Salesforce panic. Today, with NASDAQ loosing almost 2% and 0.7% for SP500, DJ was accumulated, so I think we might see nice and strong reversal for the end of the week and month close. Play safe and good luck!
After big dump over last days that was overextended after yesterday's Saleforce earnings, the DOW finally is in the demand zone worth a risk. On smaller timeframes we can see some demand building with Change of character and breaks of structure. I opened long with a potential for a return to 39700 based on the new GDP data released, that is favoring interest...
Hi. I am bearish on EURUSD now as it reached the price I was interested to open short. Interest Rate cut for EUR is coming in June, the dollar should start reversing around now. CFTC reported recently more commercial shorts compared to longs (attached). Stop loss on chart. Target 1: 1.081 Final target on retest of flip zone.
Sharing a short position I opened. The idea behind: - End of the month, - Dow Jones not in this rally, - Big money is not interested, - World geopolitics uncertainty, - Change of character, almost unnoticed. I expect some panic by the end of the session.
Entry on the previous day low FLIP zone with stop loss slightly above oberbalance. Be aware of the news ahead and New York Killzone. So far today we have seen a nice retrace by Europe session, but there is a possibility things are changing now and we might see a return to downtrend - with a trigger news event at 2:30 CET. This is just for smaller positions and...
As the inflation is near 2% in Poland, yet the Interest Rates were not cut for a while, I am expecting big positioning in favor of US Dollar. Unstable situation in the region is also a + for this trade idea. The stop loss for me is 3.895 and I am looking to take partials at 4.05, 4.10 and targeting 4.20 for USDPLN.
BTC is looking great, paired with NASDAQ and technological advancement happening now. If you are seeking long term positions this is the time to get interested for sure.
EURUSD good buy? 4h outlook. I am expecting return to the top of the CHoCH level and potentially returning to 1.10 with long term bullish approach to this pair.