TradingAdventures

TradingAdventures Updated 

We've been in this flag for a while. I am looking to capitalize on a retrace to past previous support zones on the weekly timeframes, 50-52k. The last weekly candle had a strong engulfing close. The current weekly candle started pushing upwards which brings me to the overall play, a short once the weekly candle flips on itself and breaks the current low. The...

TradingAdventures Updated 

Fundamentals The overall crypto market is likely to retrace with the upcoming interest rate cuts across the world. We need to understand the bigger picture, rates are starting to come down as fears of a not so good US economic cycle might be on the next corner. This, plays well into the good-old narrative that BTC (and therefore the rest of the crypto...

TradingAdventures

Fundamentals This will be a pure fundamentals play. I've entered a (long) long, small leverage (x5), at 1.1242 , target: 1.2 , stop-loss: 1.085 , top-up: 1.1 A combination of global and domestic factors should support a secular trend higher in the cross. The bearish surprise observed in August's NFP and the MXN sensitivity to the US data, there is room...

TradingAdventures Updated 

I've started a tactital long trade as I expect the pair to benefit from good USD data. At this moment the pair is cheap, we are sitting at the 2015 lows. Moreover, I think the fundamental backdrop for the CHF remains bearish given the risk of a 50bp rate cut. US data is expected to continue to show signs of resilience. The USD has higher yields, CHF has lower...

TradingAdventures Updated 

With the world reopening, Canada will keep bringing in those black gold profits thus strengthening the CAD relative to the USD, which gaining power due to being the financial "central" currency. A second wave of Covid-19 seems to be less likely day after day and this will help a lot to boost consumer confidence which goes hand in hand with consumer spending. So,...