BTC has shown correlation signs with global markets in the last months. I am shorting again.
Ratio P/L: + 5/1
Possible loss: 0.5%
I will average a new short position around 4600 with a 0.75% wallet risk, and another one around 4000 with a 0.5% w risk.
Shorting since 51.20.
We have averaged two times, and this is the third one.
Max risk per p: 0.5% of wallet
Ratio R/B: 1/4.4
T/K: We do not set take profits, just manage the closing positions with the SMM 14.
Decorrelation of portfolio: 30%
Soybean futures in the CBOT will approach the late 2015 levels of 800-850. The last time this downward support was crossed was in 2004 and it was a big downward trend of -35% with good short entry opportunities. This position is correlated with our medium-term view of bearish commodities in the next 6-7 months with a bullish USD and a bearish EUR. Our target is a...
Entering short on copper futures with the objective of a downward trend of approximately -10% with a horizon of 6-7 months, as in most commodities, in this case, both precious and industrial metals.
The bearish trend should be strong after the price crosses down to MM210, which is approximately 2.60.
The price could reach -2.40.
The Euro will most likely move towards 1.03 against the US Dollar, as we published in the previous post ( ). Its bearish trend is starting in this week's candles, having started yesterday on the 26th. Short positions should have been placed by now, even though it is possible to...
USD/JPY, possible bullish trend in the next few months if the price crosses above MM210, with MM70 below 210 on the weekly chart.
Correlated to the US dollar's medium-term bullish trend and the euro's bearish trend.
The horizon is approximately 6-7 months and the maximum target could be 120-121.
Short positions can be positioned just below 31.
Stop loss should be placed at 32.2, above the moving average of 14 on the weekly chart, and take profit at price 27.
The most likely scenario is the price heading towards its support of 27, coinciding with the support of the MM210.
Correlated to the downward trend of the euro in the medium term.