Good Morning Folks,
Thank God it is a Friday #TGIF :)
What a week this has been, full of action, and filled with volatility. Despite world markets correcting this week, ours stood its ground and is witnessing resilience against its Asian peers.
Thank God it is a Friday #TGIF :)
What a week this has been, full of action, and filled with volatility. Despite world markets correcting this week, ours stood its ground and is witnessing resilience against its Asian peers.
Y'day session could have been a blockbuster if you would have traded in the morning, catching that nice opportunity to buy that freakin dip #BTFD. I shared my view in morning notes that longs should hold their ground, and we may see indices turning green, and it played exactly.
Today I am not expecting much, nothing has changed for positional traders, and during the day we may see good opportunities to trade on the long side. With yesterday's candle on the daily chart forming an inside bar, I would wait for buy signals on a lower time frame. For me,
this is buying on the declining market until proven otherwise.
DXY hitting 109, US 10 Years making a high of 3.3% and uncle dow coming almost 1000 points down, we digested everything, which means we have something bigger coming up, who knows some good policy announcements.
DXY hitting 109, US 10 Years making a high of 3.3% and uncle dow coming almost 1000 points down, we digested everything, which means we have something bigger coming up, who knows some good policy announcements.
I have seen this kind of rally often extend much more than a few hundred points.
I will share if I come across any trade on this telegram channel.
Have a Great Day :)
I will share if I come across any trade on this telegram channel.
Have a Great Day :)
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