Yesterday, Techonomic Trading Strategies posted a statement that in volatile markets to cut you position size down and to tighten your stop loss. Here is a perfect example. Watching a 15-minute chart this moring we saw an opportunity for a good scalp as divergences were showing in the 5,15- and 30-minute charts, The upper slope channel line was acting as...
The Aussie has been on a torrid bull run benefiting from commodity strength and anticipation of reopening of its borders. Trading above its 200-day MA, with any Hawkish comments from Lowe and his counterpart and any improvement in Westpac CC the bulls will take control again. Techonomic Trading Strategies 90% Technical Analysis 10% Fundamental Analysis
Techonomic Trading Strategies has been looking for an area to short (scalp) the Euro. We shorted (@1.10755) after the second failed retest on the hour chart of a controlling TL that has been in place since Feb. 10th. In such volatile markets it's a double edge sword to have a such a tight stop @1.11020. However, during such volatile times, preservation of capital...
Support now becomes TL resistance in the Euro. As mentioned, the 22yr TL nailed it and we will continue to stay short the Euro with a 1.0800 area objective. Techonomic Trading Strategies.
Techonomic Trading Strategies does not trade Bitcoin. However, this chart just jumped out us and thought it was worth posting. With President Biden expected to sign an executive order on cryptocurrency this week could have negative (bearish) volatility. Trade with caution.
Techonomic Trading Strategies has been long the USD with-in a well define bullish channel. Now at the upper range of said channel (resistance) we do expect a pullback but will stay long as long as the Ukraine invasion rages on. Techonomic Trading Strategies 90% Technical analysis 10% Fundamental Analysis
Techonomic Trading Strategies have been short the Euro/USD since Feb 8th, 2022. The only time the 22yr TL was penetrated was in 2020 at the start of the pandemic as pointed out by @StanleyFX trader. Our belief is that current conditions trump that period and expect further losses to the 1.0800 area.
With FED Powell giving clear guidance, all markets rallied. The 0.168 Fib retracement holding with 5 minutes to go. We are long from 4316.25 with a stop @4305.25. Objective is .50 fib retracement @ or around the 4350 area and will add to position with new highs. Techonomic Trading Strategies 90% Technical Analysis 10% Fundamental Analysis
Feb 8th Techonomic Trading Strategies posted we were reversing our long position from a bounce off a multiyear trendline with anticipation of strong resistance holding with a hot CPI. Not only did we get it right, then Fed Gov. Bullard made comments of a 50-basis point hike in March and with the addition of possible Russian invasion of Ukraine this week in the...
We'll take profits here after a 7-day trade and short the Euro Futures 6EH22 with a good risk to reward ratio ahead of U.S CPI. Techonomic Trading 90% Technical analysis and 10% Fundamental analysis
