DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
CHESAPEAKE ENERGY CORP, GENERAL ELECTRIC COMPANY, MICRON TECHNOLOGY INC, RENNOVA HEALTH, INC., NEOVASC INC, ISHARES MSCI EMERGING INDEX FUND
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, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
As the crocodile gets hungrier and hungrier, its mouth opens wider trying to fit more in. As it eats up all available equity its belly eventually explodes.
I expected a bounce at 1.53 but breaking through there made me short. Targeting 1.5211 short term but very possible it breaks through there. If so next target is 1.50.
GBPCAD has been riding this trendline consistently. Look to buy on on this and play through 1.826-1.83. Stops can be tight.
In short from earlier but watch for a close below 1.591 and a possible retest of that area to get short again. Could descend to 1.52-1.53 if that's the case. First target being 1.55.
Very low RR if triggered, could get up to 700 pips if aiming for 1.38 region. Likewise can monitor if it clears 1.46 to go long. Sadly two weak currencies but which is the weaker?