It's been a grinding month of February so far but the big takeaway at this point for EUR/USD has been deductive in nature, and that's the fact that sellers haven't been able to break any fresh ground below the January low. Early-Feb saw the threat of tariffs drive a spike-low in the pair, but that held above 1.0200, and then as the tariff threat seemed to recede a bit, EUR/USD pushed up to 1.0500 for two different tests of the big figure. At this point bulls haven't exactly taken over matters, but the slow build of 'less bearish' can then lead into bullish breakouts. In EUR/USD, the Fibonacci retracements produced by the 2021-2022 sell-off, and then the 61.8% bounce from that sell-off, continue to highlight important levels. The 1.0200 level is confluent with the 23.6% retracement of the longer-term move and the 61.8% retracement of the shorter-term move plotting within a single pip of each other. The 50% mark of the shorter-term move from the 2022 low to the 2023 high (which was the 61.8% retracement of the longer-term move) is what helped to hold support last week, after showing as resistance the week before. And sitting overhead is the 1.0611 level, which is confluent as this is the 38.2% retracement of the shorter-term move as well as the 38.2% retracement of the 2022-2023 move. If EUR/USD can push a breakout, that's the next major level of interest. - js
- GBPCHF reversed from resistance zone - Likely to fall to support level 1.1300 GBPCHF currency pair recently reversed down from the resistance zone between the multi-month resistance level 1.1385 (which has been reversing the price from July) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped impulse wave 5 of the intermediate upward impulse sequence (C) from January. Given the strength of the resistance level 1.1385 and the triple bearish divergence on the daily Stochastic, GBPCHF currency pair can be expected to fall to the next support level 1.1300 (low of the previous minor correction 4).
As our short work out very nicely on the second attempt. I feel very comfortable that from this 95K zone will see a nice bounce back upwards over the weekend. lets see how it works out.
2/21/25 :: VROCKSTAR :: NASDAQ:QQQ Pls read this and comment - i put my Schiff on the table - guys. i'm working with a really wonky thesis and i need some comments, let's debate this "the market has mostly crashed already" - this has been a pretty asynchronous crash. aapl, nvda, msft... meta held the tape for a record period... they all are taking turns keeping vol in check - and then under the surface, we have EPS reports and this has been the weirdest thing i've ever traded, experienced in 30 years. i have never felt like i'd just want to trade ex post dips and avoid necking out at all (with VERY few exceptions hello UBER and NXT- thank gawd for you :) - so the thinking is, we're in an asynchronous crash. everything INCLUDING MAG7 is down 15-50% from the let's say last 6 months peaks. and so the index has managed vol. the machines. our overlords. whatever. - so maybe we "crush" 5% from here. 10%? dude 10% is a thing of the past. i dumped my TQQQ puts today. i didn't expect them to cash. just insurance against my mega positions (which has become somewhat singular. nx-faking-t. nextracker NASDAQ:NXT ) - but let's get this real. are we getting gaslighted into a crash incoming when we're literally in the middle of it. new coronavirus BS coming out of "wuhan" we believe that chit again. come on. ppl. take off that N95, touch grass... think. think. - am i going nuts? usually i'm the guy that goes nuts first. rings the bells. i'm lonely thinking this. tell me WHY i'm wrong if you disagree. i genuinely want to debate this. - i'm picking winners here. getting situated in the non momo BS that has reported gains, generates cash, attractively valued. - nxt HUGE size - obtc, get the king at a 10% discount (use limits) - uber - glob (short term swing b/c OTD cucks gonna cuck didn't expect to trade or own this, but here i am, cleaning you all up) - tsm some others stuff. but honestly. i'm here. i'm typing this. that's 90% of success. God. family. friends. the rest are details. be well. we'll crush it. but if we read this tape right... V
- CADJPY broke support zone - Likely to fall to support level 104.00 CADJPY currency pair recently broke the support zone between the key support level 105.40 (which has been reversing the price from September) and the 61.8% Fibonacci correction of wave (2) from August. The breakout of this support zone should accelerate the active impulse wave 3 of the intermediate impulse wave (3) from November. Given the strong daily downtrend and the bullish yen sentiment seen today, CADJPY currency pair can be expected to fall to the next support level 104.00.
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Taking the short after retracing to a gap from the previous day drops, the i drope down on the lower timeframe then i found a sweep at the london high and created a -fvg then i shorted the market.
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quick test of the "PUBLISH IDEA" function. Just a quick analysis of ACHR