Back in 2016 bitcoin had its halving day on the 9th July. After this bitcoin began to rally all the way to $19,000 over approximately 518 days. A percentage increase of 3,192%. If we compare this to the halving in 2020, apply the same principles and look at the bigger picture than its clear that bitcoin has only just began its newest bull cycle. If we were to see...
USDJPY short was entered with absolute precision. Currently running in profit and SL has been moved to break even. This is a swing so all risk must be removed as soon as possible. Risk free trade.
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After previously posting a short trade and stating a break of 1.376 on the 4 hour would result in a change of bias we have now moved to long a long position. Adaptability in this industry is key. Our short losses have already been covered and everything onwards is profit.
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Gold short off the 1832 resistance region. This is a risky one as gold broke the 200EMA on the 1 hour chart. However, the 4 hour chart carries more weight and is starting to show signs of a slow down. SL and TP are as shown. Minimal risk is always used on gold, 1%-2%.
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GBPJPY at the 144.550 region which previously caused a 14% drop over 26 days. Looking to short this opportunity to the shown trend line. This is swing so only 1% risk has been used. The goal is longevity this is not a get rich over night scheme. 50% of this position will be closed at 142.000 and stop loss moved to break even.
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USDJPY has failed to successfully break the 200EMA on the daily time frame. A reversal candle was printed on the 5th February and second is looking to print today. This is a swing trade so minimal risk has been used. 1%-2%.
Bitcoin currently sitting at a strong long-term resistance line. If we break this resistance we should begin to see strong upward momentum, however this is highly unlikely in my opinion.
