USDJPY: UpdateHere's my updated view on USDJPY.
We have a few interesting resistance levels ahead, but overall, the pair is looking up, receiving a strong boost thanks to Mr. Mario Draghi's magic words, and the Nikkei rally before it.
Low volume resistance at 121.7 may halt the advance, keep that in mind.
I'm in other related trades, I'll try to balance these positions by trading NZDUSD, AUDUSD, and USDCAD.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
Profile
Ethereum: Portfolio strategyI'm applying this strategy to my holdings, it's based on Tim West's ideas, which I already quoted in my previous ETHXBT charts.
I added the weekly profile chart to illustrate the fair value areas, as well as the instante rejection/low time spent at price support and resistance, where larger players liquidated (and bought in).
If ETHXBT gives us a bullish signal and we observe higher volume, we can start to predict direction, for now, it remains ranging around the mode.
So, buy low, sell high applies.
Cheers,
Ivan.