$FB made poor low yesterday afternoon, the support was hold and I am heading higher today. I may flip if FB trade below 191.
Yesterday was an evident for $NFLX to go up move. The gap is higher and i need NFLX to trade higher then 290.
285-286 still hold. $NFLX need to trade 280s and break 290 today, otherwise will be more liquidation below 285. I still think for going higher now. Yesterday, buyers exited twice below 290. But reversal move from 286 low was solid. Overnight, buyer liquidating their positions until the low of yesterday. I need to see more confident move on upside, before join the market.
$NFLX didn’t make any clear decision yesterday. Likely today will test 285 support. If it trade below 285, it will trigger more liquidation. Today is Wednesday, usually become the tail of reversal otherwise, it will continue the previous direction.
I bought $NFLX put at 290.50 after rejection 291 and out about 287 area, when tested morning low. price now is balancing at below 288 area. if trade below 287, may be go lower to 283-280 area. I have low confident to trade above 288 now. I can be wrong. I may just wait to see if NFLX want to make better clear direction. if today 287 hold as support, I just expect...
$GOLD was expected to trade higher and break the upper balance 1520. yesterday , US session, GOLD didn't go back to above 1510. Gold may still maintain the range between 1515 - 1480. i will change my bias to up side when GOLD trade back above 1510. Below 1505 will trigger more liquidation.
On USDJPY is pretty good short trade based on volume accumulation setup. There is another confirmations marked in the chart. This short trade is swing level, where is higher stoploss and take profit around 60 pips. Happy trading Dale
$NFLX made nice re-accumulation on last Thursday and Friday. 285-286 is my support zone. Trade above this level will squeeze all sellers and help the price back to $300 level. Today NFLX may gap higher, and I plan to play long side on the pull back. Unless NFLX trade lower then 285 level, I will stay aside or trade in smaller size to join the bears.
Since BREXIT being delayed again, and I expect DYX bounce at 97 levels, I like to see $GBPUSD , minimum, to make balance below 1.3 area before any further decision for the direction. I also expecting any taking profit action here. So, this week I don’t have plan to trade above 1.3 yet.
As I mentioned on DYX , USDJPY also at an important key level now. If 108 hold, then I expect to see 110 - 111 area as 109 become a poor high. But trade below 108 we may see 105 area. Couple things in my mind, DXY may back to 99 area before make any decision. And JPY is the weakest pair among others. So I will try to build position on Bulls side at USDJPY. I will...
After nice rotation around 1.308 - 1.309 followed by strong buying activity i expect that market will be continue in uptrend. For that reason i will be waiting for pullback to this area for long trade. I think that those buyers will become active again and they will start pushing the price upwards again from 1.3089. Happy trading Dale
$USDJPY made excess high on 30th Oct, which indicate a liquidation. I am little bit late on this but to turn this pair to much deeper, we need to see new seller while USDollar Index is weakening. Otherwise the Pair will loose momentum for bearish move. $JPY is the weakest currency among the major forex pair, let see if there is more buying on JPY , which is...
$GOLD. Here is can be a trap for many traders who are aggressively buying or selling at 1495 price Zone. I need price to get acceptance between 1495 to 1500 price area. This is important “if Gold can’t make a change at mentioned zone” the Seller may came back and take control. I don’t want to be the first here. I will see who will take the control from here :...
$DAX touch my first bulls target, 13000, read my earlier post for my trading plan on DAX
$XAUUSD didn't make a good change on last Friday. Yesterday , Monday, was another liquidation day. No Aggressive buying. and I think today, will not much different. If Strong buyers don’t appear immediately , I think we will see 1465 , which is a the bottom of bigger balance as mentioned on previous post.
Market forecast is Midterm Neutral - Shortterm Bearish Bullish Sectors are: Healthcare and Energy Bearish Sectors are: Consumer Staples Financials and Tech
$DAX break 12800 level. This key level is very important. SInce EUROSTOXX and FTSE are still within the range, I need to see acceptance above this key level. then 13000 - 13200 will be next destination. The serious failure above this key level will make DAX index just looks too high and too expensive. The profit taking , liquidation and new money selling will...
$Gold has been in balance range for 8 days, 1475 bottom - 1495 top is my small balance, and 1515 top for wider range. The value is in lower half of wide balance, but the buyer still aggressive from every low. i need to see a change above 1495 ; either an acceptance or rejection. This uncertainty kills the hope of medium time frame traders. But note that 1 October...