The YENS have been going nuts.
From moving 50 pips a day it has started to move close to 120 - 190 pips.
This means when we trade, our stop loss needs to be wider and hence the position size smaller.
We have sold AUDJPY seeing the weakness in H1, M30 and M15. All trends are still down.
Hopefully it will hit the bottom for a 300+ pip ride.
4 weeks ago, we sold EURCAD and make some really good money. Prediction - this will happen again at the same time due to a similar pattern.
Daily is DOWN.
H4 is DOWN.
M30 and M15 are showing weakness.
Waiting for further confirmation before we sell.
BTC has done really well to climb to 24,000.
We see massive resistance here. The H4, H1, M30 and M15 are all overbought.
All timeframes are showing bearish divergence.
The only thing missing is a harmonic pattern but we are good to go.
Stop loss around 25,000 which is a nice round number.
What this means is that later tonight we will see USD strengthen,...
The USD has been weakening significantly and there is a chance now to buy it.
We are choosing GBPUSD to sell at 1.2175 with a 40 pip stop loss.
It is overbought on H1, M30, M15.
The H4 trend is up, so we will look to take money quickly with maybe a 40 - 70 pip profit.
Last night the FED raised their interest rate by 75 basis points.
When interest rates go up, the currency should strengthen right? However looking at NZDUSD from a technical standpoint the market was oversold. Therefore the market has no place to go but up!
Now the market it overbought and it is time to sell it again at 0.6260. There is nice consolidation and...
We bought ETH around 1400 last night and made some decent money.
However the big picture is that this is in a downtrend.
We will wait till it reaches 1500 and look for signals to sell this baby.
1500 has the triple top neckline and also the moving average on H4.