CordovaCapital

CordovaCapital

There is huge money propping the market upward last week and on Monday in the setting of increasing corona virus prevalence with New York having a huge medical need right now. This is just starting and the economical impact is going to be huge throughout the pipeline in the month of April and likely continue Through May. We may hit that prior resistance seen as...

CordovaCapital

Just my thoughts

CordovaCapital

The following is my interpretation of the action to come in the next 1-2 weeks as investors realize the gravity of the economic crisis at hand. This week was propped up by market makers pressing against the majority for profit and preparing themselves for the large short move to come. There were several large stop hunts and 3 days of bullish movement, which was...

CordovaCapital

The current support resistance currently lies in a downward channel. I feel the next downward move will continue short. Only placing short positions at top of channel short at the moment.

CordovaCapital

If you look at the AUD/JPY weekly you can see a clear downtrend. Each downward push has a retracement back to the 0.5 level on Fibonacci retracements. The current weekly candle appears to be a candle at the 0.5 retracement area. This area along with the weekly camdle closing as a doji candle gives a high probability of a shorting opportunity acutely and over the...

CordovaCapital

FX:USDJPY Long for the short term then eventually short opportunity.

CordovaCapital

Traveling into consolidation on daily and q4hr time frames. Larger move to come soon near end. However, short in the acute setting given the data provided