NAS100 - Small short before going long
Current BTC support is at the 42500 level. If this level breaks ill should be expected to reach down to 28000. I'll hold off on any buying options until a clear sign is there and the 42500 level holds. (Could be a dead cat bounce pullback too from that level) BTC is to volatile to short. Wait for a Buy at 28000!
Still expecting a strong Dollar the next couple of months!
Will only trade bullish moves on this pair - Way to volatile for shorts.
Expecting more movement upwards however looking at a stronger bearish move in a few days, weeks even!
Price could still reverse and break the 91. level for a retracement. However I'm Short AUDUSD and Long USD MXN.
Not yet convinced of US Dollar strength! If price confirms a hold of the 91.00 level and reverses bullish from there then ill consider going long the Dollar.
I have taken a small bullish position for the move upwards with very tight stops. Still not convinced of a full recovery. Still anticipating another move downwards.
Closed my short order on the reversal of the H&S Patter. Will wait for a reversal completion to the 0.78300 level with trailing sell orders.
Current price level is stuck at the 20,89 level and its also the touch of the inner uptrend line. One of two scenarios can play out here. 1) Price can break through inner trendline too retest outer trend line and then continue bullish. 2) Price can reverse immediately Suggest to wait for a clear bullish signal by end of this week or early next week.
Still continuing short on the Ausy! Expecting a price bounce on the 0.75500 level. A good place to take profit and reenter on the top of the pull back to short for the long haul. Still targeting the 0.7000 level or beyond.
I would wait for another pull back in TESLA stocks before continuing to short. Very conservative position with stops above 680. TESLA still has a lot of upside potential. A break in the down trend line will confirm a stronger bullish bias.
Although the stock market is a bit bearish tis is far from a market meltdown and I don't recommend to ever short a Market Index. Ill wait for clear price indication of a bullish move and reenter on a long term investment.
Short Position triggered overnight indicating some more $US Strength. Ill add onto this position as pull packs occur. For now a conservatives position until more downside momentum is confirmed. This trade should take about 3 to 5 weeks depending on downside momentum.
2 possible scenarios that could play out in the US Dollar Index for a long position. A Clear close above the 91.800 level will definitely indicate a bullish market. A Look at the EUR/USD, AUD/USD and USDCAD pairs can confirm a turn around in Dollar Strength.
Break of the first support level indicated a trend change.
I'm already bearish on Gold down to the 1670 level. Expecting a strong pull back to retest 1770 and then another short down to 1460 which is a strong support level. Rising US inflation is pushing Gold down. If Monetary policy is changed Gold should see a more bullish sentiment.