A nice reverse head and shoulders is playing out and the break of the downtrend opens up a further squeeze higher. Oil and stocks are continuing to move higher and this is helping fund this trade via inflation fears and a weaker USD against commodities.
$25 is the eventual target but we are looking for moves above $24 in coming sessions.
Very nice risk reward...
Looking to buy retracements of the breakout rally on USD/JPY.
Y112 held for 3 years and was broken as US FED moves closer to tapering at the November meeting and US 10yr Yields move higher in anticipation.
US Inflation remains stubbornly high and whilst Oil and Gas remain at year highs Inflation fears will persist and help underpin the USD.
Can buy at Y112.70...
The BTC/USD has held for some time around USD 57K
Price action is beginning to display signs of lethargy and sluggishness which usually brings bears out from hibernation.
Chasing price here regardless with buy/long positions is nothing "short" of reckless, pun intended.
Bitcoin loves flipping the GREEN D1 20 EMA (exponential moving average) during critical...
AUDUSD bounced off 0.68127 where it could potentially rise further to 0.68739.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
BABA bounced off 215.12 where it could potentially rise further to 230.40.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
BTCUSD is expected to drop to 1st support at 7584.48 where it could potentially react off and up to 1st resistance at 9012.82.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
