The last two days closings were not much persuasive and below the last holding resistance trendline however my bias stays bullish.
Buy: 446 Stop-loss: 440 Take Profit: 460; 466; 475
Sell: 428 SL: 433 TP: 420; 415
Trading forex scamcoins?
Strong: Jpy
Weaker: Usd
Indices
DAX: Bullish
DJ: Even more bullish
Nikkei: may get bullish soon
Buy: 410 SL: 405 PT: 420; 425; 430
Sell: 405 Stop-loss: 408 Profit Take: 395; 390; 385
Trading fiat scamcoins?
buy Usd/Jpy, Gbp/Jpy. Warning: After a correction Jpy might get stronger again.
Indices
DAX: Downtrend though a pullback might be in the cards
DJ: Bullish
Nikkei: Also possible buying pullback in downtrend (as it happened during night it might sell-off again)
You know those moments you have opened short position because there is no other way market can go and after several weeks of stand-off you are nerved out and tired of choppy market so you finally close it at break-even just to see the price crash down another day with your planned profit hit in a few minutes after the break?
Well, that happens sometimes. And also closing the trade with huge loss (if not the margin call) happens in these cases when the trend reverses. That’s why it’s good to use stop-losses (physical or mental).
China New Year’s holiday is here and many traders expect fervently whether the PBOC will make its devaluation move during these days. Either way the price action looks bearish and I can’t see any reason for opening any substantial longs. However I wouldn’t be surprised first to see some buying shots during the week and Friday/Saturday/Sunday some massive sell-out
as has often been the case.
Buy: 378 Stop-loss: 373 Take Profit: 388; 392; 398
Sell: 369 SL: 374 TP: 359; 349; 335
Trading forex scamcoins?
Strong: really hard to pick even mildly strong:) Maybe Jpy, Gbp
Weak: Aud, Cad
Indices:
DAX: still in the choppy zone, looks more bearish now and about to see 9000.
DJ: choppy, the least bearish of all 3 indexes followed here.
Nikkei: bearish below magic number 16666, bullish above.
Sell: now or up to $380. Take Profit: 350; 335; 315
Buy:380 SL: 375 TP: 385; 390
The BTC/USD price downtrend was confirmed last week with the Thursday daily candle sell signal after several days of consolidation. And although the Friday’s candle formed a doji suggesting some buying pull-back, this scenario looks off the table currently as the price keeps pushing down.
A nice downtrend channel has formed there with some minor support/resistance in the middle (now somewhere around $350). If broken we can see a brief spike to $310 very soon.
Trading fiat scamcoins?
Strong: Usd, Cad
Weak: Jpy, Eur
Indices
DAX: choppy zone, somewhat bullish
DJ: bullish
Buy: 407.34 (Bitfinex) Stop-loss: 402 Profit Take: 412; 417; 424;
Sell: 396 SL: 401 PT: 372; 355; 335
Trading fiat scamcoins?
Somewhat strong: Usd, Gbp, Aud
Weakest: Eur, Jpy
So you want to sell Eur/Usd, Eur/Aud and buy Gbp/Jpy, Usd/Jpy, maybe Aud/Jpy
Indices:
DAX looks a bit bullish right now, but in the choppy zone up to 10000.
DJ also somewhat bullish.
You must be logged in to post a comment.