USD/JPY ShortWatching to see how the double top plays out, will potentially look to short around this area, depending on how we get there, with the bottom ray line as a clear profit target.
I will be waiting to see more price action, but it's looking that we will be starting to create a larger channel as we move towards this value area.
Sell-signal
Gold ShortI can see a big trade coming on gold soon, regardless of whether we keep correcting up.
I will be looking to take a risk entry at the first double top point, or if we impulse above then I will play off the other higher level.
More than happy to ake a few break evens here or even a 0.5-1% loss with the potential downside being much bigger. Always look at the bigger picture - RISK MANAGEMENT!
DJI Stock Market CrashThe Next Great Depression Coming Soon To A US Citizen Near You. The Stock Market is set to crash soon. These alltime highs can’t continue forever. Yes the federal reserve inflates the US dollar and as a result the market might seem to be up vs inflation. The key thing to consider is debt. Money is created by debt and soon maybe tomorrow expect a epic flash or long term depression.
EURUSD SELL market 25/11/2019I believe the EUR/USD price will continue to fall, retest to around 1.103 and then restart its bearish trend. I will be placing a SELL trade at the 1.10250 mark, just below the previous high (1.10325), and another at 1.10300.
I have put my STOP at 1.11000. This is in case the higher trend is tested (dashed dark blue line).
My initial take profit is around the 1.095 mark, as this area has seen strong levels of resistance. This totals roughly 500 pips.
My second TP is at 1.09017, at a key area of resistance, and also just above its lowest price this year. This totals >900 pips.
If the previous low is not broken, then we can presume that there will be a EURUSD trend reversal, and the market will begin its bullish trend.
If you have any feedback please don't hesitate to get in contact.
Id love to hear your thoughts, what do you predict the market will do?
Will we see a trend reversal?
*notes*
TOP red line - SL
dark green line - 1st TP
light green line - 2nd TP
White line - OPEN price
Blue lines are trends