EUR/USD tests key resistance @ 1.12880 & 50 Day Moving Average
Euro dominated in the Asia session after reaching a tentative agreement with the UK regarding defense and security, an improvement to their relationship post-brexit. Remember, in early April, the Euro rallied off of the EUβs 500bln commitment to defense spending.
Overnight the Euro met strong sellers at the previous support, 1.12800, and the 50 Day Moving Average. Sellers stepped in creating an inverted bearish hammer on the 4H, followed by a strong bearish bodied candle.
In my opinion, this was an opportunity for buyers to step in and take control of the bullish trend. The next level of support is the 1.08000 handle. If buyers get above the 50 Day Moving Average, the Euro could revisit the 1.14000 handle.
Euro dominated in the Asia session after reaching a tentative agreement with the UK regarding defense and security, an improvement to their relationship post-brexit. Remember, in early April, the Euro rallied off of the EUβs 500bln commitment to defense spending.
Overnight the Euro met strong sellers at the previous support, 1.12800, and the 50 Day Moving Average. Sellers stepped in creating an inverted bearish hammer on the 4H, followed by a strong bearish bodied candle.
In my opinion, this was an opportunity for buyers to step in and take control of the bullish trend. The next level of support is the 1.08000 handle. If buyers get above the 50 Day Moving Average, the Euro could revisit the 1.14000 handle.
β€38π13π―3
π΄ Risks to consider for bears:
- A solidified agreement between the EU and UK, specifically about British companies being able to participate in major EU defense contracts β creating growth opportunities for the two nations.
- Indications that the EU is slowing their rate cutting cycle. This week Ifo Business Climate and HCOB Manufacturing PMI Flash will be released
-Alan
- A solidified agreement between the EU and UK, specifically about British companies being able to participate in major EU defense contracts β creating growth opportunities for the two nations.
- Indications that the EU is slowing their rate cutting cycle. This week Ifo Business Climate and HCOB Manufacturing PMI Flash will be released
-Alan
π36β€11π―2
Channel name was changed to Β«A1 TRADING | Indices, Commodities, ForexΒ»
Gold Daily Chart:
Recapturing resistance here. Technicals look promising in the short run, possible retest of the highs may be incoming.
National debt concerns, and Trumps "big beautiful bill" are causing some anxiety on capitol hill.
I remain neutral personally, no trades here - but watching.
- Nick
Recapturing resistance here. Technicals look promising in the short run, possible retest of the highs may be incoming.
National debt concerns, and Trumps "big beautiful bill" are causing some anxiety on capitol hill.
I remain neutral personally, no trades here - but watching.
- Nick
β€48π10π±1
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π15β€9π₯1
Forwarded from A1 TRADING | Stocks & Options
The Mag 7 Rebounce Continues...
Amazon, Microsoft, Meta, and others continue to rip higher.
With the recent developments in trade deals globally, investors seem to be rushing back into the "old reliable" trade.
While these powerhouse companies are always on my buy list on dips, I think they are a bit overstretched in the short run.
I am watching for pullbacks.
- Nick
Amazon, Microsoft, Meta, and others continue to rip higher.
With the recent developments in trade deals globally, investors seem to be rushing back into the "old reliable" trade.
While these powerhouse companies are always on my buy list on dips, I think they are a bit overstretched in the short run.
I am watching for pullbacks.
- Nick
β€23π8π₯5
β€8
Gold 4H Chart:
Bulls in control for now. I see limited upside for now, and think likely the previous highs (shown in red) will continue to act as strong supply zones for sellers.
EdgeFinder bias: neutral. Economic data is mixed, sentiment actually showing crowd is buying currently (bearish contrarian signal), seasonality bullish.
My bias: I think gold remains in a range for now, with both limited upside and limited downside. In the short run, bulls seem to have control.
- Nick
Bulls in control for now. I see limited upside for now, and think likely the previous highs (shown in red) will continue to act as strong supply zones for sellers.
EdgeFinder bias: neutral. Economic data is mixed, sentiment actually showing crowd is buying currently (bearish contrarian signal), seasonality bullish.
My bias: I think gold remains in a range for now, with both limited upside and limited downside. In the short run, bulls seem to have control.
- Nick
π41β€21π8
Interesting find: Gold's Put-Call ratio shows crowd sentiment is very bullish.
As I use this as a contrarian indicator, this suggests that the market may have room to pullback or reverse lower.
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As I use this as a contrarian indicator, this suggests that the market may have room to pullback or reverse lower.
Keep this tool handy!
Try out EdgeFinder: https://form.jotform.com/233167835217055
β€23π17π6
My trading journey, every year:
2016 β Rough start. I had no clue what I was doing and quickly realized trading was much harder than I expected.
2017 β Slightly better, but still ended the year in the red. Learned a lot through trial and error.
2018 β First profitable year. Finally started seeing the payoff from all the time and effort.
2019 β Very profitable. My strategy started clicking.
2020 β Another strong year. Continued refining my approach.
2021 β Also very profitable.
2022 β My first losing year since becoming profitable. A humbling reminder that nothing is guaranteed.
2023 β Back on track. Very profitable again.
2024 β My best P&L year ever.
2025 - Very strong start in a very challenging year!
-Nick
2016 β Rough start. I had no clue what I was doing and quickly realized trading was much harder than I expected.
2017 β Slightly better, but still ended the year in the red. Learned a lot through trial and error.
2018 β First profitable year. Finally started seeing the payoff from all the time and effort.
2019 β Very profitable. My strategy started clicking.
2020 β Another strong year. Continued refining my approach.
2021 β Also very profitable.
2022 β My first losing year since becoming profitable. A humbling reminder that nothing is guaranteed.
2023 β Back on track. Very profitable again.
2024 β My best P&L year ever.
2025 - Very strong start in a very challenging year!
-Nick
π70β€42π₯33
Forwarded from A1 TRADING | Stocks & Options
Market breadth: very strong
81% of stocks in our system are above their 20 day moving average. 79% are above their 50 day moving average...
A broad rally seems underway!
Credit: A1 StockBox: https://www.a1trading.com/stockbox/
81% of stocks in our system are above their 20 day moving average. 79% are above their 50 day moving average...
A broad rally seems underway!
Credit: A1 StockBox: https://www.a1trading.com/stockbox/
β€12
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Or explore our website: https://a1trading.com
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Unlock expert trade alerts and more. Here's what's included in the VIP Discord:
β Forex, indices, commodities, options, and stock signals
β Access to Nick & Eivindβs trade signals (& Alan starting June 2!)
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Chart of the Day: XAU/USD π₯
β€49π18π₯7
BTCUSD Daily Chart:
Fresh all time highs! Bitcoin has been incredibly impressive this year. While stock markets dropped big, bitcoin has actually been a relative winner in all of this.
Concerns around the US national debt actually seem to be fueling both gold and bitcoin higher, as they offer an alternative place for investors to 'hide out'
Pullbacks into support are possible buying opportunities in my view.
- Nick
Fresh all time highs! Bitcoin has been incredibly impressive this year. While stock markets dropped big, bitcoin has actually been a relative winner in all of this.
Concerns around the US national debt actually seem to be fueling both gold and bitcoin higher, as they offer an alternative place for investors to 'hide out'
Pullbacks into support are possible buying opportunities in my view.
- Nick
π38β€20π3