BeSomebodyFX
Natural Gas giving a new opportunity to sell... We have been shorting Natural Gas since January 25 for one reason, seasonal commercial flows, we know thanks to our tools that Natural Gas demand decreases from January 25 to February 12 and that causes Natural…
Natural Gas has been a fun ride, some positions went out at break even, some took early profits but overall the zone worked perfectly, it's loosing a bit of strength now so will start to be careful opening new trades, we have no position running at the moment in this asset.
Just booked a +14% on our crypto portfolio without limiting the upside potential which is still very high and ETH can run towards the 280’s
If you are wondering yes we share the exact entries and details to our private network members so that they can follow our trades and our performance
BeSomebodyFX
Natural Gas giving a new opportunity to sell... We have been shorting Natural Gas since January 25 for one reason, seasonal commercial flows, we know thanks to our tools that Natural Gas demand decreases from January 25 to February 12 and that causes Natural…
And it's done, target 2 reached, we didn't have any position running for this last leg lower but we already took some profit last week and it's always nice to see the analysis playing out anyway
BeSomebodyFX
Price action on USDJPY since August... The picture is pretty straight forward, buy any dip caused by temporary concerns, many of you voted that the Coronavirus will fade away from the media soon and i do agree with you, no virus ever had a lasting impact…
Don't forget to keep buying the dips especially now that Coronavirus worries are fading away from the markets, the next few weeks confirmed cases will likely slowdown, recovery rate will increase and China will push upbeat positive news to keep their markets supported, which means risk assets like USDJPY will edge higher
Just a heads up, don't buy the dips blindly, first take into consideration the market sentiment (is it risk off or risk on, currently it's risk off) then look for retails what they are doing now (they are starting to buy, went from 89% shorts this morning to 79% shorts, which means they are switching to longs which is now what we want to buy)
So you can start to see that USDJPY can pullback a little more before the dip becomes attractive, and from a technical perspective, we have seen a risk on/ risk off pattern in these weeks, with the early mid week (Monday to Wednesday) risk on and the late mid week (Wednesday to Friday) risk off.
What does this mean?
It means that USDJPY is interesting to buy ONLY in the early week from Monday to Wednesday, which means that now it's too early to buy the dip and early next week it might be the good moment (if the Coronavirus story doesn't get worse during the weekend).
We are capitalizing on this late week risk off pattern with some EURJPY shorts, if you want to learn more about trading market sentiment, macroeconomics, geopolitics, retail sentiment, institutional activity and commercial flows while following our trades with exact entries and exits and having access to a private community of professional traders, being a private network members is what you need to step up your game and trade comfortably with the right info and signals.
So you can start to see that USDJPY can pullback a little more before the dip becomes attractive, and from a technical perspective, we have seen a risk on/ risk off pattern in these weeks, with the early mid week (Monday to Wednesday) risk on and the late mid week (Wednesday to Friday) risk off.
What does this mean?
It means that USDJPY is interesting to buy ONLY in the early week from Monday to Wednesday, which means that now it's too early to buy the dip and early next week it might be the good moment (if the Coronavirus story doesn't get worse during the weekend).
We are capitalizing on this late week risk off pattern with some EURJPY shorts, if you want to learn more about trading market sentiment, macroeconomics, geopolitics, retail sentiment, institutional activity and commercial flows while following our trades with exact entries and exits and having access to a private community of professional traders, being a private network members is what you need to step up your game and trade comfortably with the right info and signals.
We have just opened 2 extra seats for the private group this month with a special discount, text "I WANT TO JOIN" @JayRally to receive the discount code.
BeSomebodyFX
Just a heads up, don't buy the dips blindly, first take into consideration the market sentiment (is it risk off or risk on, currently it's risk off) then look for retails what they are doing now (they are starting to buy, went from 89% shorts this morning…
If you need help with some terms, for instance, if you don't understand what risk on/risk off means please don't hesitate and ask in our public chat, we are ready to answer your questions.
https://t.me/BeSomebodyFXchat
https://t.me/BeSomebodyFXchat
Discount code expires when the market closes, if you want to know what the discount is you can text @JayRally
We have been asked many times how the private network works and what are the benefits so we have prepared a small post with a few screenshots:
https://besomebodyfx.com/what-we-do-in-the-private-network/
The next enrolling will be in late March and one one discount code is left, first come first served.
We have been asked many times how the private network works and what are the benefits so we have prepared a small post with a few screenshots:
https://besomebodyfx.com/what-we-do-in-the-private-network/
The next enrolling will be in late March and one one discount code is left, first come first served.
USOIL time to look for longs...
We have been monitoring USOIL for a while now and followed the dump caused by the lower OIL demand because of the travel bans with China, with the market learning how to coop with Coronavirus worries and OPEC trying to jawbone OIL prices higher we start to find USOIL longs interesting.
Our tools are showing that demand for OIL picks up from Feb 11 until the end of the month, the capital flow tool already predicted price was going to bottom on Feb 10 which it did and now it's suggesting that demand will remain high until the end of the month which supports our bullish bias.
Technically on the higher timeframes we can see price has robbed a liquidity level by dipping below and reversing, doing so it has stopped many buyers and trapped all the breakout sellers that are now getting squeezed, we do expect this squeeze to extend higher at least to the 54 handle.
We have been monitoring USOIL for a while now and followed the dump caused by the lower OIL demand because of the travel bans with China, with the market learning how to coop with Coronavirus worries and OPEC trying to jawbone OIL prices higher we start to find USOIL longs interesting.
Our tools are showing that demand for OIL picks up from Feb 11 until the end of the month, the capital flow tool already predicted price was going to bottom on Feb 10 which it did and now it's suggesting that demand will remain high until the end of the month which supports our bullish bias.
Technically on the higher timeframes we can see price has robbed a liquidity level by dipping below and reversing, doing so it has stopped many buyers and trapped all the breakout sellers that are now getting squeezed, we do expect this squeeze to extend higher at least to the 54 handle.
BeSomebodyFX
USOIL time to look for longs... We have been monitoring USOIL for a while now and followed the dump caused by the lower OIL demand because of the travel bans with China, with the market learning how to coop with Coronavirus worries and OPEC trying to jawbone…
Our best entry level is showed in the third chart above, we will probably look to enter anyway if price doesn't reach our buying zone and keeps showing bullish momentum.
BeSomebodyFX
USOIL time to look for longs... We have been monitoring USOIL for a while now and followed the dump caused by the lower OIL demand because of the travel bans with China, with the market learning how to coop with Coronavirus worries and OPEC trying to jawbone…
First target for USOIL reached at 53, looking at price action looks like we might get a pullback from here before a new push higher towards the 54 level, we have taken our profit on the private network and will look to re enter at the new support zone
BeSomebodyFX
Don't forget to keep buying the dips especially now that Coronavirus worries are fading away from the markets, the next few weeks confirmed cases will likely slowdown, recovery rate will increase and China will push upbeat positive news to keep their markets…
If you didn't forget to buy the dip this week on USDJPY good job, funny enough we missed this week trade but there will be more opportunities to buy
BeSomebodyFX
Recently the S&P500 and USDJPY has been well correlated, with the recent USDJPY bullish leg we highly expect the S&P to follow to the upside and fill the gap possibly hitting new all time highs too.
Gap filled, target reached in the S&P500, quick +10 points, we had a 3400 target from early Feb and seems now in reach, if you are long protect your position and take your profit at 3400
BeSomebodyFX
Recently the S&P500 and USDJPY has been well correlated, with the recent USDJPY bullish leg we highly expect the S&P to follow to the upside and fill the gap possibly hitting new all time highs too.
If you are long US indices on this then take your profit, price lost momentum for the break and chatter about a few big sell orders coming in