Wow....What a week right! I'll be honest I didn't bother staying up for most important event but we had BOE, Australia further easing, further bond buying is the theme globally (KEEP THAT IN MIND) and then most important elections, with Biden ahead and Trump wanting to go court. It's all very interesting but let me break down my fundamental and technical view...
A contested election will likely send us sideways and further into the current wedge but with little predictable volatility. Biden win could break us down and accelerate the wedge, giving the index an intra-week target of 2850. Trump win could also send us sideways and further into the current wedge, with the next likely move being to the resistance at 3500....
See bullish wedge pattern on $TSLA, we sighted some unusual activity on TSLA 480 calls for December expiry, along with the bullish pattern this sets up nicely. We are in both the stocks and options anticipating a breakout soon...
Silver has historically thrived under Democratic presidents, and I think this will be no different this time around if (or when) Biden wins. SLV seemed to recover the last 2 days of this week on riding the trendline that's been dating back to March of this year. I'm going to be watching 24.25 as resistance this week with possible upside of 25.50's in the short...
Doing this little recap because I've already seen plenty of outlandish remarks on Twitter about the election and how the markets are overvalued and what not So, as we all know the election results are being prolonged, Trump is whining, and the markets are up 9% over 5 days. Many believe this is overextended and that the markets will eventually simmer down once...
Elections always were and always will be just an illusion of choice! Yes, you can choose the road, but destination is always the same. #election2020 #covid19 And Trump will remain president, but till official announcement, there will some blood on the streets and markets
hello traders, making a DT on gold. making a sum way HH and knocking liquidity before going to the downside.
USD/JPY: • I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if once we do price impulses back up above our lower trend line and a tight flag follows then I'll be looking to get long on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets...
The aftermath of the election The presidential election is over, so it is safe to start trading again? First of all, as of writing this, we actually don’t know yet who has won the Presidential Election. As of this morning, Biden leads Trump in the Electoral College 264–214, and we are waiting for an update to see who won Nevada. If Biden wins Nevada, this...
In this technical analysis on gold, I will show you how I used a parallel channel, horizontal support and resistance zones and a head and shoulders pattern to conclude a short trade set-up. All information is available on the chart.
Just going over our AAPL trade and why we took it. If you have a ticker request and would like me to chart one for for you let me know
In my earlier analysis I argued that Bitcoin had a massive resistance ahead, namely the June 2019 high and the upper band of the upward channel. It seems that the election frenzy has boosted investor's convidence to push Bitcoin towards 15k. The resistance was broken by such massive bullish force that it could signal a new parabolic move this year and push toward...
Hey Traders, I usually don't like going against the grain... especially when the SPY has gained nearly 30 points this week alone. But my trader's intuition is telling me that it's moving too fast and I am starting to get bearish vibes. Taking a look the chart above, you can see that as of today, the SPY has moved across the Keltner Channelin a matter of 4 trading...
everyone talking about bitcoin and stonks pumping but DXY being left in dark? i dont think so... 6% move for 1% risk, lets do this!
1. Election result in uncertainty will fuel the bulls. 2. Stimulus package is obvious with Baiden will push the metal lower. 3. Stable and predictable economic policies, Paris accord and china deal will make the economic outlook better. So blue is red for Gold. Stay updated with us.
My analysis of BTCUSD is simple and straightforward. We should watch and see if it's going to break above 14.5k or the bears will jump in at the longer-term resistance line. Bitcoin is more likely going to drop to the 13.6k support on the 4HR chart if 14.5k is not broken. If that happens, we might see a further drop to 12k. However, closing daily candles above...
A possible sell for the EUR/USD pair price is currently at a significant resistance level in the market. Risk to Reward ratio is 2.5. Take notice there is a lot of volatility in the market.
Hey tradomaniacs, welcome to a new free trading-setup. EUR/USD: Daytrade-Execution Notice: Keep your risk low ahead FOMC. Biden is more likely to win which is why this breakout is a likely scenario! Market-Buy-Order: 1,17350 Stop-Loss: 1,17000 Target 1: 1,17700 Target 2: 1,17965 Target 3: 1,18350 Stop-Loss: 35 pips Risk: 0,5% Risk-Reward: 2,90 ...