USDCHF SHORTHello guys,
In this video i show the levels that i am watching on this pair. i am looking for shorts on usd chf. My reasoning being , the feds interest cuts this past week in addition to political chaos in the usa and the corona will put downward pressure on usd leaving chf the safe haven as a value option that investors would rather have their money in rather than the usd stock market this week. In addition the Dow & sp500 show downward pressure from a technical perspective further endorsing my fundamental bias of usd weakness.Most of the big companies that push the usd economy upwards have their factories in Wuhan where we know it has been chaos with the Chinese government and WHO trying to curb the spread of the corona virus that has already claimed many lives including those of factory workers and transportation workers that transport products back the states and globally.
Analysis
USD WTI SHORTHello Guys,
In this video i breakdown what i see on oil. I view oil as being completely weak especially with the effects from corona virus that have impacted the demand side of the commodity. At the moment even though the pair is weak which could be viewed as cheap for investor to buy based of value trading most of smart money will likely stay away from the dip buy until they get a solid fundamental sign that the price has finally bottomed out. Russia a top oil producer saying no to cutting oil supply to OPEC during and the Feds cutting the rates further solidifies the idea that oil will take a while to recover from this bear trend hence for now i would rather be on the safe side of smart money and only look for short positions after pull backs to key weekly resistance levels
CADJPY SHORTHello guys,
I am looking for shorts on CADJPY which is going with the trend and what smart money is doing. I expect slight strength on CAD based of the bullish oil sentiments but i think fundamentally the cad economy has been weak in regards to the fundamental data .This in addition to the technicala this week i am looking for a short on the pair but keeping an eye on the fundamental data out of canada this week.This bias is also shaped by the fact that cad is paired with a safe haven (Jpy) we know that investors usually stack there money in safe havens especially during time like this when corona virus is taking its toll and and prime minister Justin Trudeau is facing pressure for the oil pipeline construction that was recently approved despite aboriginals protesting against it.
GBPCAD LONGHello Guys,
In this video i show the areas where i am looking for a long on gbp cad. GBP has been strong post brexit and i expect the strength to continue. I expect cad to get some strength from the bullish bias in oil but i dont think the strength will be enough to pull GBPCAD to lower levels. In addition to the strong trend from uk's election in December the pair has also had very strong fundamental data from the uk hence i would like to stay on the safe side and only look for longs on GBP pairs since this is likely what big money is doing since it logically makes-sense
GBPUSD LONGhello guys,
I see a neutral to long bias on gbp usd. Gbp has been extremely bullish post brexit. This in addition to the fact that we have had strong economic data that has been coming out of the uk support my bias . This trade will only be validated if i get a pull back to that zone then more strong fundamental data from the UK. FOMC is coming up this week and that could give the usd strength to blow below that support zone hence the reason as to why i will only be looking for bullish trades but only until Wednesday Wednesday after the fomc i will reevaluate the bias and see if i want to re enter a long or stay out of the pair.
EUR JPY SHORTHello guys,
In this video i show why i am looking for shorts on eur pair. The eur has been extremely weak especially since brexit. I expect the weakness to continue until fundamental changing news out of Europe. The weakness of the eur paired with Jpy a safe haven that withstands weak economic data gives me the strength to short eur again the JPY pair. In addition the effects of the corona virus on Europe are yet to show up in the numbers coming out of euro but we know for sure that the manufacturing, retail and tourism sectors were hit so we are just waiting on the effect to show up in the numbers and that should weaken eur
NZDUSD SHORTHello guys,
In this video i show the technical and discuss the fundamental being my bias on seeing a short in nzd usd. I see nzd as being weak especially since they did cut their rates. In addition the corona virus is still on going and no high impact data is expected out of nzd this week. Fomc on Wednesday will in addition give the usd currency some strength driving nzd down to lower levels.
USDCAD SHORTHello guys in this video i show why i see a short in cad fro the next few days and a long term long bias. My bias shaped by the fact that i see along in oil and since oi and cad are correlated i see short term weakness in usd and strength in cad. I see weakness in usd since the Dow has been weakening showing that investors are putting their money in safe havens and away from usd stocks especially with elections nearing. Although i am careful since i know we have an upcoming fomc meeting on Wednesday meaning they will likely be bullish of their economy especially with the impressive fundamental data that has been coming out of the usa. So meaning i see a short until fomc, the short will also offer many investors good risk reward when it comes to fomc which is likely going to be bullish for the fomc
USDWTI LONG Hello guys,
In this video i show why i see a long in usdwti. My long biased supported by fundamental-analysis of the pair. Oil has been extremely cheap this year. It is currently at levels where banks and hedge funds see as areas of interest offering lower risk and high reward for long. Although the oil inventory counts have been rising of late,Keep in mind that opec and many oil producers are looking to cut production hence shorting oil at any point will be risky its safer to only look for buys and ride the big hedge funds expectations. Cad will also see some strength since the cad economy is highly dependent on oil
StockMarket Update : Prices keep raising but risks are as well !Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Short GDAX [ DE30] Entry: 13700 TP:13200 SL: 13800This is a FUNDAMENTAL based trade ( Entry, TP, and SL are defined based on the D1, and H4 recent levels)
- Strong Support line found at all time high zone ( 13 765 - 13800)
- Negative EU economic date
- Increase of the number of Corona Virus cases
- Expectations of the global economy to slow based on the current economic rate
- German and European economies relies highly of manufacturing which is highly tight to the Chinese economy
Risk:Reward almost 1:5
Trade Safe :)
USDWTI LONGHello guys,
In this video i validate my reasoning for why i am looking for longs on wti.
I have been in a long from last week and i intend to continue with that biased this week based on fundamentals.
Oil has been extremely weak and with Libya, Iran and Oman all endorsing cutting oils production to counter the lack of demand thats been brought about by the corona virus i see oil price as being at a prime buy at 50 although 49.50 also offers a prime buy price. With the oil price likely to shoot up cad will follow suit and gain some strength .We are now just waiting for opec to reduce oil supply. The current price level is a weekly support level that we can see a flood of investors buy since it offers a good level to get into the market.
AUD JPY SHORTHello guys,
This i see a strong sell on audjpy. The aud has been weak as a result of the corona virus. This weakness will continue until the corona virus is contained or we get a medical breakthrough by scientist that are studying the virus. Even though the aud has had good economic data, most of their demand domes from china and with cities being shut down and many people scared to shop this will keep melting aud .I see investors rushing their money to jpy and other safe havens such as chf and gold. I am looking for a break of support or a test of resistance and that will offer a good risk reward byut this is a high probability trade.
EURUSD SHORTHello guys,
In this video i show my analysis on why i see further weakness on the eur usd pair. The eur has been extremely weak with post brexit uncertainty and also the corona virus effect. It also doesn't help that trump has made America "great again' meaning economically impressive numbers are coming out of the us and example being last weeks nfp numbers. This points of weakness and the fact that Powell will testify on Wednesday and his comments are expected to be hawkish will further drive down the eur. Be careful of Fridays retail sales numbers coming out of the us, they are likely to be weak which will give the eur some strength. Overall eur is weak and its only good for shorts from an investors point of view.
GBP CAD SHORTHello guys,
In this video i am looking for further weakness to the GBP pair. I was already in a trade from last weak and i am looking for further weakness. The current trade i have already locked in profit. If i could get a pull back on the pair or a break of support that will further add validity to the trade. I see the gbp getting further weakness from the just concluded brexit, corona virus and the upcoming trade deals that they have to negotiate with many countries. In addition, we expect to see oil cuts from opec or "tankers being attacked" to reduce the supply of oil since oil has been extremely cheap. This will give strength to the cad further driving the gbp/cad pair down to lower levels.
EUR JPY SHORTHello guys,
in this video i show why i see weakness in the eurjpy pair. Eur is weak from post brexit, corona virus and poor economic data coming from europe. I believable as global weakness continues with many countries stock exchanges ... safe havens like jpy will increase in strength . I see weakness in eur continuing untill china admits they need help with containing the corona virus or we get a medical breakthrough that could help contain the virus. Basically with global uncertainty i am only looking for shorts on euro which makes more sense from an investor point of view.
GBP NZD SHORTHello guys, in this video i show as to why i will only be looking for shorts on the gbpnzd pair. My bias is shaped by the fact that the UK has had extremely weak economic data. The pound was given a little strength by their interest rate decision but i think that ride is done. The country has to negotiate with many nations trade deal and this uncertainties will have investors running to put their money into safe havens until its safe again to put money in the uk's stock market so for the time being this pair will continue being weak. This in addition to the fact that the corona virus has brought weakness to all pairs worldwide with demand going down as major cities in china continue to get shut down and also nzd is likely going to hold interest rates will see the GBPNZD pair melting to lower levels.
GBP/USD SHORTHello guys,
In this video i show what i see in this GBP pair and why i am only looking for short positions.The pound has been extremely weak and i believe it will continue seeing weakness as uncertainties continue post brexit. Britain has to negotiate trade deals with many countries now that they are on their on away from the benefits that came with being part of euro. This in addition to the fact that Powell will be testifying this week will for sure give the USD strength over the pound.Powell will likely support his decision to hold rates and speak of how jobs and NFP support the feds decision giving the USD a little bit of strength over the pound. I will also be carefully watching the us upcoming retail sales since i know with the corona virus effect they are likely to be weak which would reverse this bias. Until then i am only looking for shorts onGBP at my areas of interest that i have marked with boxes
BTC MOONHello just a quick update on btc.
Exactly acting like it should.
I entered a long on etoro @9815.
My bitmex trades recently were all garbage, because most of the time I use too high leverage and then if a lucky trade with like 50x works out I get greedy as hell and instead of taking like 300% profits I let the trade run into liquidation.
Keep in mind. This is also btw a reminder for myself. Trading is not a get rich quick scheme. It's a rocky path. You better take a few %s like 1-5% everyday instead of hoping for the big gain trades with 100%, which are high risk and more likely unlikely :)
If I get enough time at some day. I am going to focus on gunbot.
Will still trade on the side.
Until then.
Health is more important than wealth!