DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, ISHARES MSCI EMERGING INDEX FUND, SPDR S&P 500, ADVANCED MICRO DEVICES, INC., SPDR SELECT SECTOR FUND - FINANCIAL, PROGREEN US, INC.
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
From this point it would either be a tumble down to USD parity or back up to 1.24 to ~1.25. My bias is long before we resume the downtrend.
Good entry position for a short.
This is an update on the short idea published a few weeks ago. Time to close if that hasn't already been done. At least one week move retracement is what I expect to 6.0525 but may go as far up as 6.4550. Will enter prospective shorts again at those levels.
Whatever Erdogan and Turkey are planning to say or do, I hope they do it soon because we need some volatility else the ranging is eating into the zones of my projected targets as the SMA's are moving up, the Lira has a lot of strengthening still in the tank.
First wave of parabolic advance came to an end and it retraced 50% if the advance is dead then that is hardly sufficient, upto 80% should be expected. I suspect we are about to see the second wave, the next target would double the peak so around $600, that though may take longer. Right now for me long to 240-260 is a safe bet... breach of peak all hell breaks lose ...
First phase, the EURAUD short is the beginning of a longterm bear trend in my view. This provides the first entry and TP.
Possible entry for the coming short.
Just showing first target.
I know a retracement is coming next (short GBPUSD -1 week move), am trying to fill in with possible levels and the next moves. (The overall bias is bearish DXY)
This is the pattern I see that keeps nagging on my mind. Markets don't provide perfect symmetry as I have immaculately illustrated here, but this narrative falls in line as well with my DXY short hypothesis link (https://www.tradingview.com/chart/DXY/RqeFVYfV-DXY-Medium-Term-Bearish/)
My interest just got piqued with all the noise about weed stock online and I thought to look at it, and loe and behold, they are on parabolic advances. Canopy Growth alone has appreciated 2565% since July 2016 to it's last peak price 5 days ago. Right now the next target (50% of the advance is 70) before it dips a little and then heading for the real prize which ...
Just shows optimal entry position, this is at the very least a 1 week move, could be longer.
Gold punching through.
EM pairs TRY, ZAR are strengthening in what I perceive as a few weeks or days of a correction. Today is a good day to make optimal short entries.