https://linktr.ee/BlackStoneFutures 👉 China continue in their quest to convince the markets that the impact of coronavirus will be limited to Q1 and that consumption should resume in the next quarter, the government are even rolling out further measures to stabilise markets through additional stimulus – I am not sure that global markets are “buying” it though.
Equity markets took a brief hammering yesterday evening and I was heartened my messages by those of you that were able to take advantage. I was hoping that this move would be a deep revision lower but it appears that support has held thus far – we have a had a good run in the indices and I am going to look elsewhere this morning. The JPY pairs have had a real run this past week and are trading at key Fibonacci levels with divergence setting into boot and that is where I will be focusing my attention.
1. #USDJPY SELL 112.00 – 112.40
2. #GBPJPY SELL 144.30 – 144.60
#MarketOutlook
Equity markets took a brief hammering yesterday evening and I was heartened my messages by those of you that were able to take advantage. I was hoping that this move would be a deep revision lower but it appears that support has held thus far – we have a had a good run in the indices and I am going to look elsewhere this morning. The JPY pairs have had a real run this past week and are trading at key Fibonacci levels with divergence setting into boot and that is where I will be focusing my attention.
1. #USDJPY SELL 112.00 – 112.40
2. #GBPJPY SELL 144.30 – 144.60
#MarketOutlook
#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures 👉 Three opportunities presented itself in the AUDNZD yesterday, I took the third opportunity as my conservative nature got the best of me meaning I was lucky there were so many chances. Given the deteriorating relationship between the US and China, there are a lot of pairs that have since started to gain a little bit of volatility. I don’t often look at the JPY pairs but there does seem to be a lot of confluence in terms of key resistance and divergence starting to develop and I will be looking for opportunities in the GBPJPY.
#GBPJPY SELL 138.80 – 139.20
#GBPJPY SELL 138.80 – 139.20
#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures 👉 Patience was a virtue yesterday, but at the end of the day opportunity finally presented itself last night which we were able to capitalize on. Given the volatility that is still simmering below the surface, we have had a gentle start to the week and hopefully that quite an accumulation of points continues into September. There are a lot of economic data points that are due to this week, but it is news coming out of New Zealand that is catching my attention – the poster child for defeating the pandemic reported 6 cases of community transmission last night which will raise fears that multiple waves of infection is inevitable. I am going to reload on the same pair again this morning as I prefer to stay clear of USD based assets this week.
#GBPJPY SELL 139.30 – 139.80
#GBPJPY SELL 139.30 – 139.80
#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures 👉 Another nice trade yesterday as the GBP continues to battle with slowing momentum after a very strong performance over the last quarter. We have enjoyed a relatively stress-free week as we chip away at some attractive gains, it is not often that I look for the “three-peat” but today is one of those days. All the confluent reasons that made this trade look as attractive as it did on Tuesday persist and I am going to look to take another short trade at key resistance levels.
#GBPJPY SELL 139.30 – 139.80
#GBPJPY SELL 139.30 – 139.80
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26 August 2020
#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures 👉 Its never nice to take a loss like I did yesterday but given that the loss was a small one it is important to remember that we are not always going to have winners. I am still focusing my attention on the “Sterling” pairs with the GBPJPY looking particularly attractive at this time – we have had a very good couple of weeks and hopefully we can make up for yesterday with a solid trade today.
#GBPJPY SELL 139.80 – 140.10
#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures 👉 Its never nice to take a loss like I did yesterday but given that the loss was a small one it is important to remember that we are not always going to have winners. I am still focusing my attention on the “Sterling” pairs with the GBPJPY looking particularly attractive at this time – we have had a very good couple of weeks and hopefully we can make up for yesterday with a solid trade today.
#GBPJPY SELL 139.80 – 140.10
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27 August 2020
#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures 👉 I got onto the board, albeit not in the deep retracted move that I was hoping for. After the loss I took on Tuesday it was important to start clawing some of that back – the Pound pairs remain to be my best bet this morning and reasons that made yesterday’s trade look so attractive persist. I am going to have another bite of the same cherry today as I suspect that there may be a deep trade on the horizon, and I want to take advantage of that opportunity.
#GBPJPY SELL 140.00 – 140.20
#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures 👉 I got onto the board, albeit not in the deep retracted move that I was hoping for. After the loss I took on Tuesday it was important to start clawing some of that back – the Pound pairs remain to be my best bet this morning and reasons that made yesterday’s trade look so attractive persist. I am going to have another bite of the same cherry today as I suspect that there may be a deep trade on the horizon, and I want to take advantage of that opportunity.
#GBPJPY SELL 140.00 – 140.20
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17 September 2020
#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures 👉 We continued with the momentum of this week with another big gainer, there are still some long-term support and resistance levels in place which means that there could be a prolonged rebound in Sterling. There once again a little bit of unbundling in that the GBPJPY appears to be lagging the rest of the pairs, this makes sense as the Yen is a key indicator of risk. There is again Fibonacci and key support levels in play, and I am looking to take advantage today.
#GBPJPY BUY 135.80 – 135.40
#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures 👉 We continued with the momentum of this week with another big gainer, there are still some long-term support and resistance levels in place which means that there could be a prolonged rebound in Sterling. There once again a little bit of unbundling in that the GBPJPY appears to be lagging the rest of the pairs, this makes sense as the Yen is a key indicator of risk. There is again Fibonacci and key support levels in play, and I am looking to take advantage today.
#GBPJPY BUY 135.80 – 135.40
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22 September 2020
#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures 👉 Another good start to the week as we continued the momentum from last week with another solid 50 points. The Sterling pairs certainly do have some way to go to make up for their recent fall from grace, but there is too much bad news surrounding the pandemic and with Brexit on the horizon, there could be some volatility. The JPY is a usually a barometer of risk, and with equity markets plunging yesterday so did the Yen, there appears that there could be a strong possibility of a bounce this morning and so with GBPJPY uncorrelated to its peers – that is where I will seek opportunity this morning.
#GBPJPY BUY 133.65 – 133.35
#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures 👉 Another good start to the week as we continued the momentum from last week with another solid 50 points. The Sterling pairs certainly do have some way to go to make up for their recent fall from grace, but there is too much bad news surrounding the pandemic and with Brexit on the horizon, there could be some volatility. The JPY is a usually a barometer of risk, and with equity markets plunging yesterday so did the Yen, there appears that there could be a strong possibility of a bounce this morning and so with GBPJPY uncorrelated to its peers – that is where I will seek opportunity this morning.
#GBPJPY BUY 133.65 – 133.35
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01 October 2020
#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures 👉 It has been a tough week with a lack of high probability opportunity showing, there are several reasons for this and I am sure that the US Election debate coupled with many countries contemplating further restrictions to a second wave of COVID playing a part. we have been looking at the Sterling for an opportunity in the last few days, but we have not been able to get a pullback to allow us to enter. There has been an anomaly in the GBPJPY which I am going to look to exploit, key resistance coupled with divergence gives me the confidence to look for a short trade this morning.
#GBPJPY SELL 136.55 – 137.00
#MarketOutlook #BlackStoneFutures https://linktr.ee/BlackStoneFutures 👉 It has been a tough week with a lack of high probability opportunity showing, there are several reasons for this and I am sure that the US Election debate coupled with many countries contemplating further restrictions to a second wave of COVID playing a part. we have been looking at the Sterling for an opportunity in the last few days, but we have not been able to get a pullback to allow us to enter. There has been an anomaly in the GBPJPY which I am going to look to exploit, key resistance coupled with divergence gives me the confidence to look for a short trade this morning.
#GBPJPY SELL 136.55 – 137.00
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A fantastic day yesterday with both morning and evening pairs going in the money – I am heartened to hear from those that managed to find close on 100 points yesterday.
I am still focusing my attention on the Sterling pairs this morning and I am going to muster the courage to dip my toes into the Yen pairs. These pairs look exhausted and in the case of the GBPJPY, price is trading at that top end of the range. With divergence shaping up – I am going to look to take advantage this morning.
Trading Bias - Short
#GBPJPY
by Dean Ronnie
👉https://bit.ly/3jgXIej
I am still focusing my attention on the Sterling pairs this morning and I am going to muster the courage to dip my toes into the Yen pairs. These pairs look exhausted and in the case of the GBPJPY, price is trading at that top end of the range. With divergence shaping up – I am going to look to take advantage this morning.
Trading Bias - Short
#GBPJPY
by Dean Ronnie
👉https://bit.ly/3jgXIej
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It has been a tough task finding opportunity of late, and it feels as though we are very much in the same boat this week. The Yen pairs have been on a tear over the last few weeks on the back of bond yields reflecting inflationary fears with central banks holding so much debt.
The Yen is starting to show signs of being “over cooked” and so I am going to keep an eye on momentum, I have decided to pair it with Sterling that has been equally strong over the last of weeks. I am going to trade this pair off the hourly chart and at the same time half my position.
Trading Bias - Short
#GBPJPY
by Dean Ronnie
👉https://bit.ly/3jgXIej
The Yen is starting to show signs of being “over cooked” and so I am going to keep an eye on momentum, I have decided to pair it with Sterling that has been equally strong over the last of weeks. I am going to trade this pair off the hourly chart and at the same time half my position.
Trading Bias - Short
#GBPJPY
by Dean Ronnie
👉https://bit.ly/3jgXIej