Whats up everyone?
This is a quick update about my trade from yesterday.
We are looking at the USDJPY pair on the 4h timeframe. We saw a massive bullish trap on yesterdays trading close.
We are short from the top, where the trap happened. Our first position also was stopped out.
Price did break old highs within an hour although no news were happening.
A 2008 style VIX superspike is currently building into this market, It has not finished it's double top.
This is the same VIX analysis except the spike to the left is described in it's normal Double-Top with a 1,2,3 decay harmonic.
50/80 Double top can be realistically expected shortly ..
With it 1500 point drop in the DJIA could easily be expected.. And...
The Secret is in the VIX ... VIX is behaving very differently than it's normal patterns .. It's indicating a VERY LARGE SELLOFF by the end of next week..
This is going to turtle futures point to large futures drop..
just wanted to give you an update about a nice trade we took last week. We took a buy on the first correction at the 0.61 fibonacci level as price formed a bottom from the last bearish move. A weak bearish trend line was broken and price respects last price zones (marked in grey boxes) on its way up. We are currently up +170 pips on this trade, looking...
Hey guys, wishing everyone a great day.
Yesterday there was halloween and we opened a short at the beginning of the week on the Dollar Currency Index. Price is dropping hard since yesterday. We are already under the bullish trend line and a big daily bearish candle indicates more down side. In 24h will be the NFP so it could happen that price moves back to the top...
we are looking at the EURAUD which is currently at the best zone for shorting it. I drew a down trend line where it stays in the 4h for now. Also price is in a first level of consolidation, marked in the yellow box. The high of the box is my favorite 6.81 fibonacci level. Paired with the trend line and the wicks formed in the 4h chart its actually the...
Bitcoin Coinbase Update
A wild night of opportunities has unfolded. Once Bitcoin broke
the little channel it was left tracking at around
01:00gmt/20:00est it came back to testthe underside of the
same minor parallel at 6800 before falling away ...right back
down tothe bigger parallel which was forecast to halt all
declines yesterday. It did exactly that in...