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Worth reading during this lull… Looks like we are in Phase 2
This is a timely blog article worth your attention
How you can navigate the current market chaos
USDJPY 4 HOUR CHART – Â Â Â Following stocks
Main mover today but faces resistance at this week’s 149.19 high and 149.33, which block the pivotal 150 level.
It has been pretty much one-way since 147.85 so only minor levels withing 148-149.
Otherwise watch any reaction to Trump tariff headlines and how stocks trade (note day is still young)
Using my platform as a HEATMAP shows
TGIF after another Trump tariff headline roulette driven week
USDJPY seems to be following firmer stocks while the dollar is mixed elsewhere
Gold continues shine and within spitting distance of 3000
Looking ahead
Another headline news watch
University of Michigan Consumer Sentiment
Global-view.com GTA Challenge Continues – More Prizes
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US500 4 HOUR CHART – NEW LOW
Trump’s hardline tariff rhetoric plus risk of a government shutdown saw the dead cat correction bounce setup a new low.
5500 is one of those key psychological levels that needs to hold or open a void on the downside.
Back above 5600, at a minimum is needed to slow the risk.
XAUUSD 4h
Resistance at 2985.00 holds its ground for now.
Supports move to 2965.00 & 2950.00
Unless we see a correction towards these supports, I don’t see a reasonable trade right now.
There is one possibility – for Gold to hold above 2980.00 overnight and continue straight up tomorrow – high risk trade.
EURUSD 4h
Pattern proved right – as always – leg down.
Now in real trading, there are few rules while following these type of patterns:
–         Trade is active only during the given bar – no extensions or variations
–         Whatever profit is seen has to be taken – no hopes , no dreams
Now we have seen here 20 pips of profit, but seems like market has stopped for now.
Personally I take what I get – there is always another one to trade.
There is around hour and half left, but late in game….this is not exactly a good timing for trade.
If everything stays like it is right now till next bar, we’ll have another pattern , but one that gives bad probabilities : 50-50
That is because we don’t have a down trend, but a correction, so question is when is it going to turn up again….
This was just a real time example 😀
If someone can explain why Canada, the closest US ally, has become the enemy
XAUUSD – Gold
March 11. : This is starting to look like a very nice Bullish Formation.
All time high at 2956.29 Â in my opinion is not going to stop it this time
So here we are….2980.00 New High and resistance at the same time.
If Gold manages above it today/tomorrow, we’ll have a rally straight to 3100.00 ( 3090.00 to be exact)
Supports: 2950.00, 2935.00 & 2905.00
In our blog
Why do markets hate uncertainty?
Markets hate economic uncertainty. While it creates volatility, it is often not the good kind.
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