Second try to short the pair as per my previous recommendation (the trade I was stopped on)
The action today probably put nail into the BTCUSD coffin. Expect it to move back to the area where it started the retracement move in a downtrend. Longer-term target is still in play
It has been a long time since I posted last time on this pair and many things have changed in my beloved UK. It's in a dire situation now politically and the pair is a good reflection on this. Stealthy accumulation has been ongoing since the highlighted area (without going too much into details why) and I think big boys can take this above the 0.90 to unload all...
It seems to me that my previous prediction is coming to fruition. Chickens get roasted and the shiny digital wonder is going to where it had started last year. Shorting BTCUSD thing which has never made sense to me.
Expecting for the USD slide to continue through the 2018. Trump is going to devalue dollar hard, hence the probably reason to celebrate 1.50 in the pair around Christmas time or earlier. p.s. - risk:profit ratio is a paramount in every trade; the trade gives us the opportunity.
Same as my idea about the EURUSD - failed strong attempt on a high volume to push down the pair with no luck executed by big players few days ago. Expecting for it to move higher and re-attack new highs. Longer-term prediction will follow...
EURUSD is very reluctant to move lower despite continuous attempts to push it lower on a high volume. Expect that absorption is taking place and it will re-attack previous highs. There is also nice bull flag forming on a daily chart. I am expecting the highlighted scenario to unfold and then for the EURUSD to push much higher longer-term. My previous 2017...
There is unfinished business on the upside and I reckon there is too high probability of ES hitting all-time highs before running violently down. It takes time for big players to accumulate positions and we are not ready yet for skies to fall. Long ES from where it is now (day session on SPY or ES contract overnight with a tight stop below overnight lows....
Hi all, Haven't been posting for a while as was extremely busy with work It is highly probable BTCUSD is heading back to 100-300 area longer-term. Short term target is less pessimistic and is highlighted in the picture. I am expecting it to be reached by the summer 2018.
We have got unfinished business in soyabeans. Flash boys will push them up and probably even higher than highlighted area to case maximum damage to all short sellers at these price levels. Long from 9.88, stop 9.79, target 10.15. Profit/loss ratio: 3:1
Sell at the market S&P index with a target in the 2610 area. I think we are overextended for now, it looks as a climatic high. Also can lead to buy the rumor sell the fact once Senate passes the bill. If it doesn't look for a floor to break rapidly. Entry: 2638.50, target 2610, stop 2648. Risk/profit: 2.8:1
Sell at the market S&P index with a target in the 2610 area. I think we are overextended for now, it looks as a climatic high. Also can lead to buy the rumor sell the fact once Senate passes the bill. If it doesn't look for a floor to break rapidly. Entry: 2638.50, target 2610, stop 2648. Risk/profit: 2.8:1
No shorts here until flash boys cause a lot of pain to market participants taking the oil above 60's into the 62-63 area. Then watch for the reverse play below 60's.
Accumulation has been completed - last squeeze of the shorts above 2600, to drop smart sellers off the board. Once it is completed, prepare for the distribution and drive down to the 2480-2520 area. Long from 2585, stop 2578 PT 2612. Appr. profit/loss 4:1
Things are progressing nicely with Brexit in the cloudy Kingdom. Look for a more pound strenght and a violent breakout of the support in December with a target in the 83.50-84.30 area.