High probability breakout trading entry — DASH [Video]

Ming Jong Tey Independent Analyst

Find out how to spot for high probability breakout trading for DoorDash (DASH). Watch the video below:

Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

AUD/USD bounces back toward 0.6950 on fresh USD supply

AUD/USD bounces back toward 0.6950 in the Asian session on Friday. The US Dollar retreats from 17-month highs as traders take profits off the table ahead of the all-important US Nonfarm Payrolls report. Meanwhile, the Australian Dollar draws support from reviving expectations of a November interest rate hike amid elevated global yields and inflation risks.

USD/JPY struggles near 158.00 as USD retreats ahead of NFP

USD/JPY is struggling for fresh impetus near 158.00, moving away from the top end of its weekly range in the Asian session on Friday, after hotter-than-expected Tokyo CPI and amid a broad US Dollar retreat. Traders reposition themselves ahead of US Nonfarm Payrolls.

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Gold has returned to the red zone in Asia after failing several attempts to regain $4,200. Traders now eagerly await the US Nonfarm Payrolls data for September, which could significantly alter market expectations for an October Federal Reserve interest rate hike, having a major bearing on the US Dollar valuation and Gold’s next major move.

Pepe Price Forecast: PEPE sustains mild recovery on firm retail support

Pepe (PEPE) price holds steady around $0.00000440 at press time on Friday, sustaining the 3.50% gains from the previous day's rebound. The meme coin maintains firm retail demand, with its futures Open Interest stabilizing above $320 million and funding rates remaining positive. PEPE must reclaim the $0.00000500 psychological barrier to sustain an upward trend.

Why speculators slashed Yen longs by the most since August — and what that signals about risk

For much of the past month, the Japanese Yen (JPY) had become one of the market's preferred defensive trades. Hedge funds accumulated more than 170K net long contracts over four weeks as investors positioned for tighter Bank of Japan (BoJ) policy, persistent geopolitical uncertainty and a more cautious outlook for global growth.

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The market has rapidly changed its mind about the Federal Reserve (Fed). Only a week ago, investors saw an October interest-rate hike as the most likely outcome. However, softer inflation and cautious comments from policymakers have since turned a pause into the dominant scenario. Yet beneath that dramatic repricing, the US economy is sending a considerably less dovish message.