Hi fellow traders
Investors are still not sure about direction a lot of Fundamentals pulling the charts but we believe this time around technician have more clue if follows the yield curves and FED is 50/50 Chance of raising rate there are a lot of factors taking in to consideration before CB react we think stock indices pull back a little and still wait to play short side on any correction
Wait and Watch!!
Euro 11248
Euro 11248
Very short-term outlook: mixed with Bullish bias from 10935
Short-term outlook: mixed projected tgt 11355
Trade
Short @11349 stp@11384 tgt 11166
Long @10935 stop@10897 tgt 11045 ( both Trade good Till Wednesday close )
Cable 15340
Very short-term outlook: mixed with Bearish bias
Short-term outlook: Mixed
Trade long@-14945 stp@14887 tgt 15077
Short @15477 stp@15527 tgt 15072 ( Good till Wednesday MOC)
GOLD 1147
Very short-term outlook: mixed with bullish bias
Short-term outlook:
Make or break is 1107 area
Trade
Day Trade
Long@1127 stp@1122 tgt 1157
Short @1205 [email protected] tgt 1128 ( Valid till Friday Close )
NQ 100 4168
Very short-term outlook: mixed with bearish bias
Short-term outlook: BEARISH will prefer to play short handle on any spike around 4400
Just trade with stop ;loss and we will ride the other BIG wave Dn Around this FRIDAY close till End of the Month
OIL 4747
We wait for 5050 ish area to go short for next leg down with stop@5147
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETIEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK AND NOHYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTANL LOSSES OR TO ADHERE TO A PARTICULAR TRADINGPROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULT
Recommended Content
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.