Beach_Walker

Beach_Walker

Consumer Discretionary (XLY) vs Consumer Staples (XLP), compared to the SPX, looks to be presenting a topping or continued ranging pattern in the SPX. Trend shows that XLP will continue trading higher until mid-October possibly more of a risk-off market. Once the US Mid-term election takes place maybe the markets attitude becomes more decisive.

Beach_Walker

The Australian real estate roller coaster continues and we'll see the biggest declines in real estate of the next six to 12 months. RBA has hinted it is open to a third rate cut this year as it attempts to revive the country's sluggish economy. Unemployment in Australia has ticked up to its highest level in nine months. The USDCNH 7 level if breached could...

Beach_Walker Updated 

Australia is facing issues US/China trade tariffs. housing bubble. issues within the banking industry. Budget deficit.

Beach_Walker

It looks possible that a bullish Gartley pattern is about to show itself here on the AudUsd 1 hour chart. I'm more interested in seeing the pattern fail at this level trapping anyone who would go long. If the pattern does work, sure ...it could be an opportunity for a trade. Use common sense, this is just an idea ... trade what you see.

Beach_Walker

If the "Bullish Deep Crab" sets up near the support level, Then I will enter long. Entry price, stop loss, and profit target have been labeled on the chart. There are other possible turning points on the chart, with the support and resistance levels shown. *Important to mention that there is an FOMC meeting later today, 1/30/19. More about deep crab...

Beach_Walker

On the chart, I believe this area looks to have the least risk. The chart reflects where I believe the price will travel and how price will get there. I am searching for areas of value.

Beach_Walker Updated 

Watching the dxy for clues, this is what I see...

Beach_Walker Updated 

Today I'm Short EurUsd, stopped out of yesterdays trade... yesterday, I thought an upside relief rally was likely... more continuation to the downside ...and, why not? ...Maybe, buyers will re-emerge around 1.125...

Beach_Walker Updated 

putting my biases away temporarily.

Beach_Walker

looking for an opportunity

Beach_Walker

Just a chart for reference. Ratio Down = Risk-On Ratio Up = Risk-Off Per FxStreet definition: A contracting economy usually decreases the industrial demand for silver while gold tends to keep its value as a monetary asset. The reason is that silver functions mainly as an industrial metal while gold serves as a hedge against economic and political uncertainty....

Beach_Walker

Finding dollar levels to watch before entering trades. This is just a reference chart.

Beach_Walker

Same thoughts on the AUDUSD as before. Different short entry strategy, risk is small. Looking for .6900 target, possibly .6850

Beach_Walker

Return on equity and assets becoming weaker. The profit margin and net margin are not improving.

Beach_Walker Updated 

Bullish fundamental bias on continued USD strength, watching USDCAD for a long opportunity. This could be a possible move, keeping risk very small.

Beach_Walker

Seems like this area has held and worked as support before, but will it hold again? ...honestly, I don't know ...but, I am watching as price approaches this price area.

Beach_Walker Updated 

If the overall market sells off ($SPY), then this is my play for the day. Watching .7800 for support, if this level holds I'll exit early. Then I'm watching the .77630 to .77550 for support, and if that holds I'll exit early. If price moves below those zones my larger target is shown. The risk is very minimal, and once again If the price doesn't stay below .78...

Beach_Walker Updated 

Looks like an interesting level to open a long position with minimal risk for entry.