Morning folks,
So, it seems that markets have heard only "disinflation" word from JP and missed everything else. We think that recent Fed comments were hawkish enough and euphoria will exhaust soon, when mispricing becomes obvious.
Meantime nothing has changed in our mid term view - we're watching for reverse H&S on weekly chart and upside butterfly on daily chart with 25K destination point. Currently we do not consider long positions on daily and above time frames.
Still, on intraday charts it is possible to consider. For example, on 1H chart we have another butterfly that leads to the same target. If NFP brings no negative effect, market could keep going to it. We have no resistance levels until this target. Thus, minor bounce to 22.25-22.30K area could be used to think about long position. Now short positions by far as well
So, it seems that markets have heard only "disinflation" word from JP and missed everything else. We think that recent Fed comments were hawkish enough and euphoria will exhaust soon, when mispricing becomes obvious.
Meantime nothing has changed in our mid term view - we're watching for reverse H&S on weekly chart and upside butterfly on daily chart with 25K destination point. Currently we do not consider long positions on daily and above time frames.
Still, on intraday charts it is possible to consider. For example, on 1H chart we have another butterfly that leads to the same target. If NFP brings no negative effect, market could keep going to it. We have no resistance levels until this target. Thus, minor bounce to 22.25-22.30K area could be used to think about long position. Now short positions by far as well
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.