Nice short opportunity for those who trade stock CFDs, futures.
Although the trend is unmistakably long for now, a potential short entry below 8360... just something to look out for. If it keeps going then it is upto the 9K even 12K region... but BTC spent too much bull energy to break out of the recent downtrend and all signs show of short term reset first i.e. an imminent retrace seems likely before resumption of the long move.
It is obvious at this point that what I see is basically a retracement of DXY for the coming week or two. But there is no doubt the dollar is on a long term bull trend. So short for now, significant retrace in my view.
Been stalking a short position that would stick for sometime... riding it down and getting out when obvious it won't pan out, maybe it is 3rd time lucky this time. Really good odds.
I don't trade this pair, but it provides a good opportunity to show how one would trade a gap since it made an extreme extension. Basically marking the highest or lowest point and switching from candlesticks to line you would see a big gap. The market normally retraces the entire length of the gap before continuing in the direction it was heading. So you would...
After the cat and mouse game last week with a number of bear traps, USDTRY is ripe for that short.
Same as USDZAR, retrace for this week, the dominant bull trend that has started will continue.
This instrument is technically ripe and poised for a bull run, watch the play over the coming days... a fantastic bull ride will start on Monday open
Already in play, and still early, timing a good pullback on the lower time frames would be necessary to make a clean entry.
A brief respite for BTCUSD and the crypto market looks increasingly likely and goes long, but the bottom is not yet here. One more push to the bottom before another advance is ready for take off.