Trade_Journal

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$GBP - What shall we do now? GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options! 1 Emergency rate hike 2 Intervention 3 IMF 4 Fiscal spending 5 Swap Lines Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...

Trade_Journal Updated 

NASDAQ:MSFT : Upwards and Onwards. #MAG7 Longer-term time frame perspective. As you can see from the technicals, we have a cup-and-handle ☕, which indicates bullish momentum may continue into next year! Support: $350 Resistance: $380 With a break above the resistance zone close, I expect the next green zone targets to be hit over time. This case would not be...

Trade_Journal Updated 

The chart you see is the EURUSD but this post isn't just about euro but it will be a key player coming into next yr. It's been a year of CB's but where do we head next? BOE raising rates 3.5%, with the split vote as we head into 2023 expect a large recession going forward as all CB's have raised rates they are hiking a little bit too much and yes they will have...

Trade_Journal Updated 

TVC:DXY Dollar bears may come into control swiftly if we break down within this channel, reaching the red support zones. However, while we are still within the amber zone, patience. Whilst analysing the dollar, think of other currency pairs such as £. Ignoring the outside noise and concentrating on price action is key at this moment in time. Trade Journal |...

Trade_Journal Updated 

TVC:DXY CAPITALCOM:DXY TVC:DXY - Keep an 👀 Currently we are within the range: Lows: 100.820 Highs: 103.150 Pattern: Wedge We are at an very interesting area when it comes to dollar! Keep your eyes wide open a break above 103 areas, we could easily go towards 105 handle. However, if we are to close below the range of 100 areas then bears are still in...

Trade_Journal Updated 

GBP - 1.24 Next?! CME:6B1! FX:GBPUSD GBPUSD - 1.24 Next! We've had a great run, I'd still be buying longer term dips on GBP - However, for now I feel a pull back is due and this is great opportunity for us traders to take opportunities of the bull and bear side! Overall pattern, wedge - We've broken to down side the first area of interest to me is 1.24/...

Trade_Journal Updated 

SILVER - Where to next? An important few weeks ahead: FOMC minutes Wednesday, PMI's and on Nov 30th - Fed Chair Jay Powell is set to speak on the economic outlook and the U.S. labor market at Brookings. With all of this we are at key support areas of DXY - I see a lot of individuals very bullish precious metals, I am too. Although, keep in mind trade what you...

Trade_Journal Updated 

Are you dripping into your 401k yet? Not bad area to start dripping in imo for longer term positioning. Dovish powell, in reality it was all stated before and thats why we've had the market really for weeks/months softening rate hikes - the real question is when they will actually STOP! Now, we are at key resistance area, I like the next area of resistance...

Trade_Journal Updated 

NQ - W Set up Double bottom set up, as long as it stays above 11400/500 areas as support. We are at current resistance that has been tested multiple times break above 12 1/2 I expect 13 1/2 and perhaps 14200/300 areas. We did have FOMC and nothing new has been changed imo rate hikes continue.. Key tip: Higher time frame, less emotional attachment Enjoy,...

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COMEX:HG1! One word - CLEAN! What a beautiful chart for copper! Technically it's ever so clean, when it comes to set ups like this - Be careful of fake breaks. Pattern - Triangle/Pennant Highs: 4.2100 Lows: 3.8255 A break of highs I expect: 4.3550 & 4.5570. However, a break of the lows I expect: 3.6740 & 3.5040 and perhaps lower! Currently, as long as we...

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CME_MINI:NQ1! - Busy week ahead! We've got a busy calendar ahead of us and remember it's first day of the month - May a Lot of US Data! 1. ISM 2. JOLTS 3. ADP 4. FOMC 5. NFP Now that's a busy week and I know for some, they will be stepping back and not trading during a hectic week ahead, but I do feel there will be plenty of opportunities. Now, banking...

Trade_Journal Updated 

NASDAQ:AAPL APPL - Where to next? We got a beautiful rising channel as well key trendline areas. Highs: 162 Lows: 158 Now be aware we do have the gap above but if we break below the lows a clean close below the red trendline up, price could easily reach 156. However, if we are to break the highs, I expect 164/168 closing that gap above. Ignoring the noise...

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MCX:GOLD1! TVC:GOLD OANDA:XAUUSD GOLD - Where to next? Well, as we had CPI out...5% - Dollar is getting sold it's what I expected but I am focusing on precious metals, we are heading higher but we are at key resistance. Highs 2050 lows 1980. we still within range a break below lows expect 1950 areas. However above 2050 highs, gold can easily achieve 2080...

Trade_Journal Updated 

$GBP - Think about a birds eye view... When trading I like to go towards higher TF in order go proceed to lower TF. Looking at weekly we are within a range of lows: 1.18 areas and highs: 1.23 a break to either direction. We had a mixed view on NFP but we extended higher and dollar declined we could see this theme continue another perspective I was looking at was...

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ICEUS:CT1! Cotton! Bless ya cotton socks, they say! I been checking the commodity index and things may get funky... Now I went through sugar, that's looking like it's little over extended, now here's a beautiful chart of cotton! Let's dive into technicals: Pattern: Wedge Highs: 90.15 Lows: 72 Now if we break the lows of 72, I expect 67.55 and then 62.25...

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ICEUS:SB1! Oh sugar! Looking expensive in my humble opinion! Lows: 24.25 Highs: 27.30 We had the bullish flag formation, ever since then we been riding higher but it's at key Fib area and resistance zone! I expect sugar to pull back a little to next lows. However, we could still reach 30 area! Have a great day ahead, Trade Journal!

Trade_Journal Updated 

GBP - Month & Quarter End... What a quarter we've had...We do still have plenty of data coming out today. Buckle up! We just had EUR CPI flash coming out lower than expected but the core is in line but today we have another important data print coming out of US - Core PCE Price Index m/m. Which is a key metric the FED are taking into account. Now I don't know...

Trade_Journal Updated 

EUR - Where to next? $ OANDA:EURUSD FX:EURUSD On the docket today is US Unemployment Claims - Which should shift the markets to either direction and at end of the week PMIs EUR: Currently within range Highs: 1.09992 Lows: 1.09095 A break of the highs I expect EUR to re-test the previous highs of 1.10555. However, if we are to break this trendline up and the...