ridethepig | Bullish On Asian Risk Markets
Updated
The USD devaluation is confirming a major top in USDKRW and implying we will start to see a larger bear market here. Those following my previous models on USDKRW will know the break of 1178 has unlocked the lows. Focus is now shifting towards the 2018 trend-line, a technical break of this will do significant damage:
With a USD macro top confirmed, I am actively bullish Asian risk markets:
In USDKRW the next level in play 1144 is underway and will be the first target in the 3rd target in an impulsive sequence. A break of 1144 will trigger a cascade of stops.
Thanks!
With a USD macro top confirmed, I am actively bullish Asian risk markets:
In USDKRW the next level in play 1144 is underway and will be the first target in the 3rd target in an impulsive sequence. A break of 1144 will trigger a cascade of stops.
Thanks!
Note
1175 is the only level to track for the week
Related publications
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.