We have this big support trend line that has been in play since May and we are now trading around the lows again where we could see potential reversals. Remember, we have NFP today which I do see the potential for USD weakness but dive down into lower time frames as the USD has gained some small strength this morning.
After seeing some nice dips in most of these alt coins/a lot of fear coming into the markets this is the time where you want to do the opposite of the crowd, search for opportunities. I do think other alts could drop lower, however ICP for me is at a very nice level to buy. We have that 78% fibonacci and $40 region where I am now starting to scale in
Rarely trades US30, regardless it is still nice to see analysis playing out. Equities are being hit hard this morning amid new covid variants. However technically shorts were pretty obvious to see, this is the fundamental boost we needed to see this drop harder like we are!
Currently running shorts on USOIL as explained, to the allow me to go long on oil risk free when we get down to the low areas.
Rather than sitting on your hands and waiting for price to get somewhere, trade it.
Expose yourself to the fact that anything can happen. What if I sit on my hands for a week, waiting for oil longs and we just keep...
With our outlook on USOIL to rise we will likely see the Canadian Dollar follow. I am running short term shorts on oil as we could see some pullbacks of the Canadian Dollar before thengoing long. So this pair to pullback to around this key level to then look for long opportunities into 0.7500
Fundamentally USOIL is very bullish and from a technical stand point this is looking very key too. I had shorts as previous explained targeting that $77 region which has now been achieved with key rejections of $75. From here we are now breaking out of this key trend line and I believe we could see USOIL back up at $85 and higher in the coming days!
Been keeping a close eye on this one recently after seeing this strong breakout of the descending trend line. From here now that we have retested the trend line and previous resistance, I am targeting longs into $2,000 region
Banked a nice 7.5% on the way down, with hedges running which I will now use to look for long opportunities. Overall this pair is bullish with us pushing down in this corrective channel, with the retarcement looking like its coming to an end and we could now see longs into 95-86.
I will be diving down to lower time frames to look for long opportunities.
S&P500 - We have seen a sharp sell off since the third drive into these highs, due to the lack of fundamentals for this, I assume this is profit taking. Diving down onto lower timeframe to see if we have more upside or downside for stocks.
15 Minute - We have seen a lack of fundamentals this week which has caused some choppiness, which we can see here on the...
ICP breaking out nice, been playing within my two key levels for a while now which you can trade as very simple breaks and retests to load up on positions for price to come and retest the previous broken support!
XRP - The majority of the greedy sheep in the markets will be saying 'XRP is so dead bro look at the weekly' yes the weekly is range bound but this is what XRP will do. We will go quiet for ages, people will then take their money out trying to chase these pump and dumps then by the time all other alts boom, xrp will follow suit and likely last
Crypto Saturdays people, AMB weekly time frame is looking good for longs, lower timeframes you could wait for more confirmed entries and breakouts but as it stands, we are looking good for another run up with first target at previous highs!
Smashed two fantastic short positions on USOIL in the past week! Made a total of 28% with 1% risk, first entry, targets and entries were shared with the community and then the second entry which banked 15% was shared in my free group!!
A very interesting look for the VIX, showing the future equity prices and risk sentiment direction. Big breakouts can cause major corrections across the equity markets so something to be wary of if you are trading that market! VIX is the inverse correlation of the S&P
Trade of the month for me, USOIL shorts, targets were based off price needing to come and take out this double bottom, to grab liquidity before then pushing higher and is playing out perfectly!
I will also be breaking this one down on my Youtube channel over the weekend! Youtube: Aaron Luce
Have a great weekend everyone! :)