IG
Trade of the decade - short the bubble $HYG $IGEvening traders,
This is a difficult one, but one that will be immensely profitable for anyone that gets the timing right.
This thing is going to blowup. Could be tomorrow, could be a couple years. This one will be a historic trade, might not even be a bad idea to scoop some 2021 OTM puts on the low.
It's hard to bet against a sitting president, so timing will ultimately be the trade, because there is nowhere for this to go but down.
Let me know your opinions in the comment section below, and as always smash that like and follow button!
EUR/NZD H4 Short PlayWatching price at Daily zone of Resistance right now.
Two scenarios I see happening here (or a 3rd one and price goes all the way up!).
1. A clear sell signal could occur here which could trigger my short position (Shooting star for example).
2. Price pulls back to the H4 Fibonacci 50.00%/61.80% which is in alignment with my Daily Fibonacci 50.00%.
- When this happens be aware of the Daily Support level to be broken again.
Target zone is described on the chart.
When the Price meets the Ascending Trend line I see it going up from there since on a long term bias I am Bullish EUR/NZD.