EURUSD Potential Forecast | 15th May 2023Fundamental Backdrop
ECB hiked rates by 25bps most recently.
Fed continues to see heightened inflation and maintains its uncompromising hawkish stance.
Empire State Manufacturing Index release later on with market pricing in a negative print.
Technical Confluences
Daily support level at 1.0755 where price can potentially tap into.
Price has broken past the daily resistance at 1.0961.
Idea
With the DXY expected the strengthen in the short term, EURUSD can potentially continue bearish to the support at 1.0755
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
US
US100What I am seeing overall for NASDAQ. On the way there, there are many ways to eat and make profit. So Manager, do what you do best and use your cutting edge to direct and scoop up as much as you can using your skill and experience.
If you look carefully you'll see that I ZOOMED OUT to 4H
THE 4 POWERS OF DIVERGENCE AND 4 NASDAQ TRADESNew home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs.
Sales of newly built, single-family homes in June fell 8.1% to a 590,000 seasonally adjusted annual rate from a sharply downwardly revised reading in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. New home sales are down 13.4% in 2022 on a year-to-date basis.
Builders saw sales decline significantly as buyers were priced out of the market on higher interest rates and ongoing home building and development costs, including building materials, This is just the second time that new home sales have fallen below a 600,000 annual pace since Oct. 2018, and this latest report also mirrors a sharp decline in builder confidence as noted in our latest survey.
Buyers are balking due to deteriorating affordability conditions and growing sticker shock,
A new home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed. In addition to adjusting for seasonal effects, the June reading of 590,000 units is the number of homes that would sell if this pace continued for the next 12 months.
New single-family home inventory remained elevated at a 9.3 months’ supply, up 60.3% over last year, with 457,000 available for sale. However, only 39,000 of the new home inventory is completed and ready to occupy. The remaining have not started construction or are currently under construction.
The median sales price dipped to $402,400 in June, down 9.5% compared to May, but is up 7.4% compared to a year ago.
Regionally, on a year-to-date basis, new home sales fell in all four regions, down 12.1% in the Northeast, 24.8% in the Midwest, 12.6% in the South and 9.6% in the West.
Commentary of my 4 Nadaq Trades:
2 Shorts s Longs, all winners, Trade No. 3 wa the biggest winner.
Setup:
RSI50-580-290-5-13 Median 5 Risk Exposure 5% Profit Target 35
Buy,if Cross over
Sell if cross below
Trend Continuation Short
RSI falls below 20 degree
Trend Continuation long:
Rsi above 35 Degree.
Good Luck Traders
Heavy Exports Weighing Down SoybeansSoybean is among the world’s most traded crop. It is used in various industries. Soybean drives global food prices. It can tilt trade balances of an entire nation.
This paper describes the importance of Soybean. It lists key producers, consumer and maps the harvesting cycle across the calendar by top producing countries.
Given rising Brazilian exports, higher US planting, and asset manager’s positioning, this paper articulates a case study for a short position in CME Soybeans Futures delivering a 1.3x reward to risk with entry at USc 1,452.5/bushel and target of USc 1,350/bushel hedged by a stop at USc 1,530/bushel.
SOYBEAN IS THE WORLD’S MOST TRADED GRAIN
Soybean is high in protein. Hence, it is a key component of livestock feed for meat & dairy production. Rising consumption of the latter two continues to push Soybeans demand.
Two-thirds of Soybean is used for crushing into oil and meal. Soybean oil is among the most widely used vegetable oils. It is also used as biodiesel.
The two American continents form 80% of global production. Brazil (42%) and the US (31%) are the two largest producers of Soybeans. Argentina is a distant third (7%).
China drives demand. It is the largest importer of Soybeans. It comprises 60% of global imports. Soybeans is
used to feed China’s massive livestock.
Soybean prices are cyclical and prone to price shocks.
HARVESTING CYCLE, WEATHER & TRADE POLICY HUGELY INFLUENCES PRICES
Prices vary through the year. It is lowest at harvest. Increases during the year with rising inventory holding costs.
Harvest seasons are spread differently across North & South America. US harvest is from September to November. While the Brazil & Argentina harvest from March until June.
Not surprisingly, Brazilian and US harvest has an enormous impact on Soybean prices. Actual production deviating from expectations in these two majors can send prices surging or tumbling.
Soybean prices since 2015 is visualised below. Prices have structurally moved up. Prices have surged driven by robust demand since 2020.
Soybean prices on average have ranged 14% from its lowest to the highest over the last eight years with large price gyrations in 2016 and 2020.
Price behaviour during and post-harvest since 2015 is visually described in the heatmap below. All things being equal, Soybean prices trend lower during harvesting followed by price recovery post-harvest.
However, each year presents idiosyncratic conditions related to weather, trade policy, yield and output, causing price fluctuation.
Beyond the harvest cycle, climate has a significant impact. North and South America is heavily affected by El Niño-Southern Oscillation which is a natural climate pattern causing hotter/dryer climate every three to seven years. El- Niño also elevates the chances of droughts and floods.
Demand for Soybean Oil is also impacted by supply and demand of other vegetable oils like Palm Oil due to substitution effect.
Global trade policy has a considerable influence too. Trade restrictions can disrupt global supply-demand balance, resulting in increased volatility.
HIGHER PLANTING IN US, RISING BRAZILIAN EXPORTS, AND FALLING YIELDS IN ARGENTINA
USA : In its recent Market Outlook, the USDA reported that US farmers were planning to plant marginally higher than last year but below market expectations. As per National Oilseed Processors Association (NOPA), soybean crushing spiked to a 15-month high and the second highest level for any month on record in March. The crushing pace jumped as processors bounce back from maintenance related downtime.
Brazil : Soybean exports from Brazil surged 42.5% YoY during the first half of April. Bean prices have trended lower on larger than expected supply.
Argentina : USDA reduced its forecast of Argentina’s soybean crop to twenty-seven million metric tons down from thirty-three million metric tons last month.
Argentina’s soybean yields sunk to historical lows last week as per Buenos Aires Grains Exchange’s (BAGE) weekly report. BAGE warned that its projection, currently at twenty-five million metric tons, could be reduced if yield remains suppressed.
COMMITMENT OF TRADERS REPORT
Two-thirds of soybean crop is crushed into oil and meal. The crush spread, also sometimes referred to as simply the crush, refers to the difference between the value of soybean meal and oil and the price of soybeans. The “crush” is gross processing margin from crushing soybeans.
As such, these three products are deeply intertwined.
Asset managers have reduced net longs in all three contracts since the start of 2023. Intriguingly, asset managers have reduced net longs much more sharply for Oil and Meal relative to Soybeans.
TRADE SET UP
Four key drivers at play. First, rising supply from Brazil. Second, higher planting by US farmers. Third, bearish asset manager positioning. Finally, first three offset by marginal impact of lower yields in Argentina.
In forming a holistic view, this paper posits a short position in CME Soybeans July contract. Each lot provides exposure to 5,000 bushels (~136 tons).
Prices are quoted in U.S. cents per bushel. Minimum price fluctuation (tick) is one-fourth of one-cent. Therefore, every tick represents a change of USD 12.50 per lot.
● Entry: USc 1,452.5
● Target: USc 1,350
● Stop: USc 1,530
● Profit at target: USD 5,125
● Loss at stop: USD 3,875
● Reward-to-risk: 1.3x
MARKET DATA
CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
DISCLAIMER
This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services.
Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
AMZN - From A to Z Analysis ✈️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we were looking for buy setups short-term as AMZN was sitting around a strong support.
AMZN rejected the 80.0 support and traded higher. However, we are still overall bearish trading inside the falling channel in blue.
🏹 For the bulls to take over long-term, we need a break above the upper blue trendline and blue zone 110.0
📉 Meanwhile, the bears can still push lower for a higher low . In this case, as we approach the 80.0 again we will be looking for new short-term buy setups.
Which scenario do you think will happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD Potential Forecast | 19th April 2023Fundamental Backdrop
1. Stronger dollar and bullish sentiments in USD is being brought forward from last week.
2. However, given the interest rate differential between the 2 currencies, EURUSD is anticipated to continue bullish.
Technical Confluences
1. Near-term support at 1.08848
2. Price is still forming HH and HL, on a bullish trend
3. We could see the retracement head in line with the 0.786 level on the fibs
Idea
Looking for price to tap the area of support at 1.08848 before heading bullish.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
EURUSD Potential Forecast | 18th April 2023Fundamental Backdrop
1. Market sentiments continue to favour the EUR against the USD given the potential interest rate differential between the 2 currencies.
2. ECB highly anticipated to hike rates by 50 bps in the upcoming ECB meeting.
Technical Confluences
1. H4 support at 1.08764.
2. Price have rejected the 0.618 level on the Fibonacci retracement and has seen bullish pressure as per forecasted yesterday.
3. Structure has most recently broken.
Idea
Anticipate for price to continue bullish as it retest the highs again at 1.10765.
DXY - Double bottom may trap but bounce is hereHello traders!
DXY stopped a multiyear uptrend at 114.8 and declined with a 5 waves impulse down from there.
After a first bottom, price increased in a three wave until 115.9, 38.2% of the whole discent from the top, and started a smaller impulsive 5 wave to the downside that ended sligthly below previous low, de facto creating the possibility for a double bottom. Price also created a descending broadening wedge while bottoming, that has targets in the 103-105 area.
We may see some upside until there before continuing down. Breaking 115 will activate the double bottom targets therefore requiring a wider wave B or a relabeling of the primary count.
Bests GMR
EURUSD Potential Forecast | 17th April 2023Fundamental Backdrop
1. Red news today like the Empire State Manufacturing Index could potentially result in a pullback for EURUSD before heading bullish again.
2. Market sentiments continue to favour the EUR against the USD given the potential interest rate differential between the 2 currencies.
3. Furthermore, USD economic data has been relatively soft and showcasing signs that inflation is slowing down significantly, which is a bullish driver of EURUSD.
Technical Confluences
1. H4 support at 1.08764.
2. EURUSD continues to be on a bullish uptrend.
3. Structure has most recently broken.
Idea
Anticipate a pullback and for price to potentially head higher to retest 1.1076.
DXY Potential Forecast | Pre CPI | 11th April 2023Fundamental Backdrop
1. CPI tomorrow will give greater clarity to the direction of the USD.
2. Last week's NFP result was positive and bullish for the USD, with unemployment rate falling to 3.5% yet again.
3. CPI m/m forecasted at 0.2% compared to previous 0.4%, market has been pricing in a further slow down in CPI.
4. CPI reading would provide insights to the next FOMC meeting and whether Fed continues to hike or pauses.
5. Core CPI m/m forecasted at 0.4% compared to previous 0.5%.
6. All in all, inflation has been slowing down and Olympus Labs forecast that the road to inflationary cooling will be a smooth one from here on out.
Technical Confluences
1. Price rejected off resistance at 102.8.
2. DXY still bearish on H4 timeframe.
3. Price could potentially tap into the support at 101.67.
Idea
We are looking for price to continue its bearish trajectory till 101.67 and potentially form a new low.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
USDCHF Potential Forecast | 3rd April 2023Fundamental Backdrop
1. CHF CPI m/m increased by 0.2%, much lower than the forecast 0.4% and previous 0.7% m/m.
2. The softer print of CPI shows that inflation has been slowing down at a much faster rate which could signify a dovish landing on the SNB.
3. Market Open on Dollar has been very bullish, however, with NFP lurking this week, expect plenty of volatility in the market.
4. USD ISM Manufacturing PMI releasing later on in the day and market has been pricing in a 47.5 compared to 47.7 previous.
Technical Confluences
1. H4 resistance level at 0.921.
2. H4 support level at 0.9085.
3. Price could potentially retest the resistance level at 0.921.
Idea
Given the weak CPI reading on CHF, there is a weak bullish outlook on USDCHF as upcoming ISM news on USD is also slated to be a softer print.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
USOIL Longs, Surprise oil output cuts| 3rd April 2023Fundamental Backdrop
1. Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day
2. This can cause a bullish run in prices in the long run.
Technical Confluences
1. Price near 81.7 resistance
2. Price shot through the support at 72.50 with strong bullish momentum, causing a market gap
Idea
With the oil cuts in place, we have a strong bullish bias. If price is able to break the resistance at 83.60, we could see price head towards the next resistance at 93.1
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
DXY 2nd AprilAfter reviewing the market trends over the past week, it appears that we are still anticipating a bullish shift to occur in the near future. We have already tapped into the lower swing zone from our breakout level, which signals a potential upward trend. However, for this bullish shift to materialize, we must break the previous high that we put in after the break of structure. Once this occurs, we can expect to see the price shift back into the higher swing move.
It is important to note that this process may take some time to fully play out, as market trends can be unpredictable. Nevertheless, keeping an eye on these trends gives us a clear idea of what kind of setups we can look for on our USD related pairs. By monitoring the market closely and making informed decisions based on the trends we observe, we can position ourselves to take advantage of potential bullish opportunities in the future.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Will Gold Touch 1913$ Next Week ?In what appears to be an unprecedented win, gold prices are up 9% for two quarters back-to-back as memory of this month’s U.S. banking crisis keeps the safe haven in demand, even as risk assets rebound from recent lows. Gold's highs came even as the S&P 500 climbed 6% over the past three weeks, shrugging off contagion worries from the U.S. banking crisis that led to the collapse of two banks and the rescue of another amid troubles in the European banking sector as well. So will the gold will come back to the support zone . For my opinion yes , because RSI indicate a bearish market is coming , so next week will be bearish for the gold metal , otherwise the yellow metal touched the resistance line .
DXY Potential Forecast | 31st March 2023Fundamental Backdrop
1. Core PCE Price Index at 830pm GMT+8, am anticipating a better than previous result which could potentially see further downside momentum on DXY.
2. Sentiments from the market continues to be bearish on the DXY.
3. Economic sentiments from an increase in unemployment claims and final GDP q/q printing 2.6% lower than 2.7% forecast sets the tone for bearish continuations.
Technical Confluences
1. Price is nearing the support at 101.67
2. If this support is broken, we could see further bearish momentum and a new low could potentially be formed beyond 100.802.
Idea
With a strong bearish bias for the DXY today, price could potentially tap into 101.67.
However, do take note that it is a Friday and trade safely.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
EURUSD Potential Forecast | 30th March 2023Fundamental Backdrop
1. EURUSD has been bullish
2. Tonight's final GDP q/q for the US could give us an insight on the US economy
3. Market has been pricing in a bullish economy for the US which could potentially lead to short term downside potential in EURUSD
Technical Confluences
1. Price is nearing the resistance level at 1.0881 and could see rejection off this area
2. Any short positions or ideas would be an intraday perspective, especially given the uncertainty in the market currently.
Idea
With a medium bearish bias for the EURUSD today, price could potentially tap into the H4 support at 1.0755.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
DXY Potential Forecast | 29th March 2023Fundamental Backdrop
1. Uncertainty continues to surround the USD
2. Fed balance sheet continues to inject money to aid the banks in crisis
Technical Confluences
1. Resistance level that price is currently at can potentially be rejected before heading back down
2. Price could potentially create a new lower low
3. on the H4 timeframe, DXY is on a bearish trend and we can anticipate further bearish continuations.
Idea
Strong bearish bias on DXY, anticipating price to tap into the key H4 support level below.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
USDJPY Potential Forecast | 28th March 2023Fundamental Backdrop
1. Plenty of uncertainty surrounding the banking and financial system/ USD.
2. JPY continues to be the more stable currency.
Technical Confluences
1. Price in a strong bearish trend with price under the Ichimoku cloud
2. Lower lows and lower highs are being formed
3. Price can potentially retest the support level at 129.82.
Idea
Looking for bearish trend continuation and for price to tap into the key support level at 129.82.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
NASDAQ BUYS TO THE MOONThe weekly and daily timeframe is showing a bullish trend, and remember the idea of the CADCHF setup I posted, this is what was expected to happen there.
What do we expect here? A retest to 12000 SUPPORT zone and a bullish move to 13720. This is a long term buy for NASDAQ.
Please do share, and give a follow to support.