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Sksystem

U/J Short - (E/J and G/J):: FUNDAMENTAL 1] There is a high probability that the Japanese Government will intervene after 150 (which is already done) 2] The Banks forecast on U/J for the 1st Quarter of 2024 BMO Jan 13 143 HSBC Jan 18 142 Westpac Jan 19 145 MUFG Jan 5 140 Nordea Jan 5 137 UOB Jan 5 140 Bank of America Jan 8 145 Scotiabank Dec 19 150 BNP Paribas Dec 18 145 Danske Dec 18 139 Goldman Sachs Dec 18 145 CIBC Dec 16 154 Citi Dec 7 149 Crédit Agricole Dec 6 146 SEB Dec 4 144 Morgan Stanley Nov 28 145 ING Nov 17 140 RBC Nov 13 152 Santander Oct 31 150 UniCredit Oct 16 140 ANZ Sep 29 140 :: PRICEACTION ~ Monthly below baseline and weekly retracing to baseline after a DOUBLE TOP. ~ Daily, 2 days Doji, the next candle closing bearish will be the confirmation to SELL. ~ 4H below the baseline and expected a pullback for the sell formation. ~ Closing below 147.667 and a pullback would be a GOOD SELL.
CME:6J1!Short
by NareshSenThakuri
US2000 Short with Caution:: Fundamentally S&P, DOW, and NAS have broken the all-time high while Russell is at -20% from the previous high because RUSSELL is low cap index and they suffers when the interest rate is high -- RUSSELL is waiting for the NEXT rate cut to RUN above the existing zone (which is by the end of Jan and March. It seems that there will not be a rate cut in JAN). PRICE ACTION :: Monthly price (rising) above the baseline of TDI. :: Weekly retesting of the baseline of TDI Price reversed after an inverted hammer followed by a strong bearish close. However, Doji is followed by Hammer BUT they are not at the significant zone (high or low position of the trend) to expect the reversal. :: Daily Price is still below the previous swing low. Got to wait till W or divergence formation in TDI for a buying opportunity 4th attempt to break the consolidation but failed. :: 4H at previous swing low (perfect zone to reverse and make new low) Price at a minor trendline and should not have a sustained close above. SK SYSTEM After a complete sequence at 2461, the price tested the 1460-1710 B zone and has respected this zone since June 2022. The sequence that started from Oct-2023 has completed its full sequence by closing higher than the previous three highs (accumulation price high). After the completion of a sequence, we expect the retest to the WCL level which is the TP1 Zone; Hence, I am looking for a SHORT opportunity as a correction move BUT if the price closes above 1987 I will look for a buy Opportunity. TP2 doesn't seem to be appropriate as if the price has to attempt a bullish, price should not come back to the TP2 zone which is the consolidation low area.
FOREXCOM:US2000Short
by NareshSenThakuri
GOLD Full Levels Bigger PictureWith the soft landing, we expect the fall of GOLD yet investors are buying/bought before NFP as well. From the perspective of SK System gold has beautifully tested the WC zone, and if the zone is respected the price has the potential to hit our profit zone, and if not respected it may continue to complete its sequence above. From a price action point of view, Price hasn't been able to close above the previous ALL-TIME HIGH, weekly had a good close below the previous week, doji from the last two days indicating weak buyers (even though indecision). Lets See, which side does it play. Yet, technically my Bias is SHORT.
FX:XAUUSDShort
by NareshSenThakuri
EURAUD - Get down, baby!'Nen wunderschönen Dienstag liebe Börsianer! Wie bereits vor geraumer Zeit kommen nun auch Analysen zum Forexmarkt meinerseits, worauf auch mein Fokus momentan liegt. Als ein sauberes Beispiel haben wir aktuell mehrere Short-Möglichkeiten auf Intraday-Basis zu sehen bis hin zum nächst attraktiveren übergeordneten Kaufbereich. Zuletzt erst machte uns der gestrige Zinsentscheid in Form eines "katalysatorischen" Effekts deutlich in welche Richtung die Großen den Markt bewegen wollen, wobei wir doch glatt mitziehen werden. Auf eine weiterhin erfolgreiche Woche! Grüße, Chris
Short
by ChrisLendicFX
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