Stay short for the upcoming months.
High risk/reward ratio trade
BTCUSD was on a big rally during the past few months. For further gains, a retracement shall happen at first.
Ethereum has reached a new all-time high. It shall start consolidating sooner or later...
The JPY is getting stronger against the USD (head and shoulders pattern, right shoulder approarching), while the EUR still cannot break out of its bearish cycle.
Let the chart speak!
If the first black line breaks, sell before the second one breaks too!
SPX500 has been underperforming in the last few months, a big panic could be building...
My idea also involves expectation of an economic crash in the US.
As long as EJ doesn't go above 140, bears should be very safe.
EURUSD seems to head downwards, especially whether the FED raises the interest rates by the end of the year.
EURJPY seems to be on its turning point...
According to the consequances of the previous big gold rush, XAUUSD is headed near the 0.764 fibonacci retracement line.
The +20% increase which happened during the pre-market today is way too high, even if the earnings report was extremely surprising.