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
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We were made to wait a long time for our weekly opportunity to trigger, and despite the reduced liquidity on Easter Monday we were able to “sneak” 40 – 50 points from the market yesterday.
Despite the closed trade yesterday, all the parameter that made our weekly trade look so attractive persist and we now have an opportunity to look at the same pair on a day trading bases. Key resistance is showing confluence with long term fib and we will look to take advantage this morning.
Trading Bias - Short
#USDJPY
by Dean Ronnie
👉https://bit.ly/3jgXIej
Despite the closed trade yesterday, all the parameter that made our weekly trade look so attractive persist and we now have an opportunity to look at the same pair on a day trading bases. Key resistance is showing confluence with long term fib and we will look to take advantage this morning.
Trading Bias - Short
#USDJPY
by Dean Ronnie
👉https://bit.ly/3jgXIej
This morning I’m looking at the Dollar Yen, we have slight divergence between price and momentum on our daily chart. I have placed my Fib on the weekly chart and we can see price nearing our 50.0 Fib level.
My stochastic on the H4 chart is indicating that price might be overbought and I’ll be using strategy 1 as entry.
Trading Bias - Short
#USDJPY
by Kagiso Mahuma
👉https://bit.ly/3pZUU7X
My stochastic on the H4 chart is indicating that price might be overbought and I’ll be using strategy 1 as entry.
Trading Bias - Short
#USDJPY
by Kagiso Mahuma
👉https://bit.ly/3pZUU7X