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Bitcoin Supports Held Perfectly!Hi guys. Just a quick post to show how perfectly our supports held. We still haven't reached our target zone (see previous posts); however, proper risk management should have dictated that you at least sold a bit of your holdings for profit. I still believe our target zone is in site. And then? One final HUGE hurdle as we look to escape our long-standing triangle from 2017. I don't know what will happen then, but we may have one last down swing (even into the 6.5k range) before the bulls finally win this 2+ years correction once and for all.! Happy trading!
COINBASE:BTCUSDLong
by stewdamus
EURUSD Macro UpdateThe Euro has sunk and moved in line with our last market update however our models are now signalling signs of greater downside risk than a short/medium risk reversal. Macro view Options - A bearish shift in market sentiment with put options (bearish bets) now claiming the highest premium in nearly four months - One-month risk reversals (EUR1MRR) (higher volatility put premiums), crossed below zero on the 10th February and fell to -0.425 last Friday, the lowest level seen since 29th October 2019 Futures - Hedge funds (leveraged funds) substantially increasing EUR short positions Thematics - Dollar bid remain supported under risk aversion Technicals - Symmetrical swing into 1.07xx institutional floor likely before any meaningful correction Our last update
Short
by Portier
AUDUSD SHORTSell option on AUDUSD, markets breaking a smaller up trend on the 4hr with clear gravitation towards a very obviously support level on the higher time frames, again, probably a lot of liquidity awaiting around this level. Clear road ahead in terms of fundamentals for AUD, as well as for USD now after having the higher impact releases earlier today, nothing unexpected so the markets not being affected on the higher time frames. We'll look to trail the 50 EMA with our stop as the volatility should stay low for a few days until market close, so once we pass entry and have a minor key level and the 50 EMA as protection we can look to make this risk free.
Short
by CIGSFX
5
GBPAUD : SHORT TRADE IDEAFor the past few days, Gbpaud has been pretty bullish forming higher highs and higher lows, An exhaustion of the bullish strength in price can be noticed as sellers take over ! The downtrend should continue for a while before some bullish momentum comes in later days ! Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
Short
by Tim298
EURAUD SHORTAll key levels have been identified. Previous trade I posted of AUDCAD shorts was executed to perfection. Moving on to EURAUD here, the 1.632 level looks promising as well with beautiful rejection and alternation between S/R. The second entry if somehow this level fails would be the 1.643 zone where a longer-term move can be anticipated. A low-risk trade with huge potential to the downside in a medium-term swing to 1.597 area. 3 scenarios have been identified and color-coded from my perspective (blue arrow, green arrow, and purple arrow). As always, exhibit effective risk and money management and watch for any news. Leave any feedback, thoughts or suggestions below. Happy new year traders!
Short
by KingEndri