EuroStoxx “..but it is far more serious. WE ARE TALKING POTENTIAL CRASH CONDITIONS.” Chart from Analyst, Jason Sen, Day Trade Ideas

 

It is really the only area I would think about trying longs BUT YOU MUST BE READY TO REVERSE IN TO SHORTS IF WE SEE A BREAK & CLOSE BELOW HERE.

 

~~~~~~~~~~~~~~~

Technical Analyst Jason Sen

We are the only analysis service to offer 100% refund if you do not improve trading results using our daily reports. Interested in Jason’s Service? email admin@NTMarkets.com add JASON in subject line.

AUDUSD in a narrow range of 7735-7773, holding just below our selling opportunity at 7780/90.
NZDUSD longs at our buying opportunity at 7190/80 were a dream trade as we shot higher for a selling opportunity at 7275/80 (85 pips profit if you held on) & topped exactly here. Another perfect trade as we sold off to 7217.
USDJPY over ran support at 105.65/55 to reach 105.23 but managed a small bounce in to the weekly close.
EURJPY we wrote: outlook negative & holding below 130.60/70 re-targets 130.00/129.90. On further losses look for support at 129.60/50. Longs need stops below 129.25.
What a call! A low for the day at 129.54.
EURUSD unexpectedly shot higher to beat 3 month trend line resistance at 1.2280/90 & shorts stopped above 1.2310. I have no idea why & now am unsure what happens next.
USDCAD buy signal worked perfectly as we hit all targets of 1.2775/80, 1.2795/99, 1.2835/45 & 1.2895/99. We topped exactly at the October/November/ December high of 1.2909/18.
Gold unfortunately bounced from 1303/02, just above good support at 1300/1298 & beat first resistance at 1316/17 to build a recovery. OUTLOOK POSITIVE.
Silver has really only traded sideways for at least a month. Perhaps we are getting ready for a move. Strong resistance at 1675/80 should be key to direction.
Emini S&P  lower as expected but found a bottom at 2647. The bearish engulfing weekly candle is obviously negative although on the daily chart we have a small bullish candle as we close above the 100 day moving average at 2666.
Confusing! I will remain bearish if we hold below resistance at 2755/65.
Dax lower again & key to direction was important support at 11900/11890.
We bottomed at 11867 but a very weak bounce does not look bullish.
Monday Buy/sell STOP TARGET 1 TARGET 2 Comment
Swing trades
NZDUSD buy 7190/80 7150 7230, 7260 7270 Reverse in to a short if stopped
NZDUSD sell 7275/80 7310 , 7195 Reverse in to a long if stopped
USDJPY sell 106.60/70 107.05
USDJPY sell 107.60/70 108.05
USDCAD buy 1.2765/55 1.271
Gold buy 1316/17 stop 1311
Gold buy 1300/1298 stop 1293 Reverse in to a short if stopped
Gold sell 1333/35 stop 1341 Reverse in to a long if stopped
silver sell 1675/85 stop 1695 Reverse in to a long if stopped
AUDUSD sell 7780/90 7825
AUDUSD sell 7880/90 7925
GBPJPY sell 147.70/80 148.1
GBPJPY buy 144.20/10 143.55
GBPUSD buy 1.3675/65 stop 1.3630
Bitcoin buy 10450/400 10150
 

Financial & Political Commentary

 

Tags

, , , , , , , , , ,

Related Posts

About the author

JASON SEN Began to study technical analysis in 2006 and established Daytradeideas, the leading provider of daily technical analysis to independent & professional traders within the investment bank community for Stock Index, Energy & Fixed Income products, advising dozens of traders at up to 15 major investment banks and hedge funds on market movement, throughout each trading day on The Bloomberg Professional® service with trade ideas – entry, exit and target levels in daily reports published before the Futures markets open in Europe.