After breaking the 2yr highs a couple of days ago, now it seems we will get close to 1210, a level reached on January 2017.
I expect the USDKRW to go higher, especially since the slowdown in local economy and not good news from the US/China trade talks.
I do not recommend buying the KRW at his levels. Any bad news from US/China trade talks will make the KRW go...
USDJPY signal our first TP level was hit at 113.109
our stop losses are either at 112.264 or past entry to secure profit for our final targets.
RSI is still strong so we are aiming for take profit levels of: TP2- 113.358 and TP3- 113.621
DAX 30 short trade.
This trade has been won, there is a possibilty that you can still enter as downside momentum seems to remain. I wont be re-entering as its best to not be greedy with your profits and i am happy with this swing trade
I really like to cross reference my primary charts with the BTC/WON pair.
Note the multimonth resistence line being -- probed?...
Yes, I colored this chart with South Korean flag/ Korean Air colors....love Korean Air menu! :)
The Bitcoin/Won price is a more clear rising wedge with busted breakout/throwback. IF Bitcoin/SKW reaches the price target, then we should expect a rapid return to $7700, depending on how much of a premium/discount the Kimchi price is. Right now the Kimchi is UNDER the USD.
Target Profit Achieved.
Those of you who benefited from this analysis, well done.
Some of you guys who are annoyed that you didn't get in on this, I can promise you this...
There'll always be risk on the table, keep on looking at my charts and analysis I'll keep you updated!
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