Good morning everyone. Today looks like the markets will be crazy and something will really break. There is so much tension in the world right now that we just take the trades in and out fast. I think we will probably have some small ranges at London open till Ny open but after NY opens i think the markets will go lower.
Key things to watch out for:
-BoJ intervention/pivot(highly doubt pivot)
-UK's political turmoil
-China 0 covid policy ending - ease of supply chains -might cool off inflation
-US yields grinding higher and higher
-Fed speakers (Harker yesterday really send the market to slaughter)
There are a few black swans that you really need to be aware of and position yourself correctly. I would say less risk is much better than full risk. All my pos were only half positions and below since the beginning of the month.
*In the BTC chart i moved a bit the fibo levels with the mouse without realizing. We are still below 50%(midpoint) and below Monday Open.
Cheers and have great weekend! Also just a tip do not hold positions over the weekend (Too much risk with BoJ imo)
Key things to watch out for:
-BoJ intervention/pivot(highly doubt pivot)
-UK's political turmoil
-China 0 covid policy ending - ease of supply chains -might cool off inflation
-US yields grinding higher and higher
-Fed speakers (Harker yesterday really send the market to slaughter)
There are a few black swans that you really need to be aware of and position yourself correctly. I would say less risk is much better than full risk. All my pos were only half positions and below since the beginning of the month.
*In the BTC chart i moved a bit the fibo levels with the mouse without realizing. We are still below 50%(midpoint) and below Monday Open.
Cheers and have great weekend! Also just a tip do not hold positions over the weekend (Too much risk with BoJ imo)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.