... For at least a -50% long(er)-term drop. The Daily;
... with tight (~25 pip) Stops.
...despite the heavy docket next week. (BoJ rate decision, EU data dump, etc.) The upcoming data has a virtually zero chance to fundamentally alter the overall picture, either for the EU or for the BoJ. Much more importantly, technically this is a solid SHORT Entry here with low risk. (Despite the likely volatility.) If the trade is wrong, you'll know it right...
Not surprisingly this coincides with the path the USD is most likely to take through the end of this year - 2021.
SELL it for good. The Weekly; The Daily;
... And that's without even the currency differential factored in! (... which should add an additional +8%-13% to the down-side.) This spread currently sits right at the Quarterly Pivot. As it stands, under even the most unlikely circumstances (worst case scenario) this spread, the Short DJIA / Long Nikkei225 , is a 4.5:1 R/R trade. A trade that anyone should...
Disregard the previous ("EURJPY - LONG; Buy it up for 400 pips!") post!! - It was mean to be this one - USDCAD Long. The Weekly;
... Dump it for 400 pips.
Like the title says. The Weekly;
This should be good for a ~300 pip SHORT here but be careful as this is a strong counter-trend move. The Weekly;
Anything below 0.8900 will do, hopefully the 0.8840-0.8860 range, probably early next week. The Daily;
First to 1520 the to 2170, most likely. Make sure to reference This Post , as well;
This is a (very) long-term SHORT! The long-term picture - the Monthly;
,The path of the Pound vs. the Euro is fairly clear from this point on. While the pandemic roll-out advantage of the GBP is currently wearing off, it's only a matter of time before a decisive-break down in this pair - advantage GBP. (the next Euro-crisis?) The Weekly; The Monthly;
This is an Update of the original post ; This is now at a 36 month Major Resistance! It is quite likely this will be the (very) long-term, final top.
Most likely Market Tops in US Indices . Probable dates and price levels; The Nasdaq100; The SP500; The DJIA; The NDX/DJIA/SPX rotation;