Hope you guys are having a fantastic week. I am currently short nasdaq ,long gold and long bonds . Bonds were taken long last week and gold yesterday.
Lets take a look at NQ.
Weekly: Bullish but some divergence in macd histogram
Daily: Sharp reversal from highs. Bullish chart above kijun
4H: Cloud break and you can see divergences on macd . I was expecting some kind of reversal in spx and nq alongwith china . Been patient the entire time. Short was taken yesterday night. Its currently in profit and stop loss lowered now. My exit criteria will be on 4h kijun break . Although this is first leg of sell off and there will be pullback on daily chart before next leg, I am looking for 38.2-50 per retracement. Let's see how this one plays out. Gold closed above daily kijun. Long can be taken there. Eurusd is a long. T note is a long as well.
I am watching corn and wheat as of now for potential trade set up. Stay tuned.
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