Could be a major turning point for #COPPER and #AUD here.
Copper adds some extra punch to this short trade on $AUDCAD now.
Traders using the #bitcoin CFD may be trapped here from the weekend gap down and may exit here. Risk reward is good but use stops for protection. Life is a casino.
- Hurricanes, nuclear missiles, president under attack from the radical left. - Ramp in the #vix yesterday following Demark exhaustion. - SPX and BITCOIN heading lower. - Risk-off could see this heading for nice fib confluence zone (200% extension/ 78.6% retrace) target at 83-83.50.
Does what it says on the tin. There will be some fake out business first, life ain't that easy.
Maybe a final #FOMO spike before the great bear that has already begun. The $160 Billion Hurricane bill was the final piece of the puzzle, just like when Jesse Livermore shorted the market following the Earthquake of San Francisco in 1906. "Hurricane Harvey Damage Cost to Reach $160 Billion, More Than Sandy & Katrina" heavy.com Ref @edmatts off MatrixTrade.
Maybe a final #FOMO spike before the great bear? I'm just gonna wait and watch. Favoring downside.
Assuming this trend continues to mover lower I am highlighting some zones to take profit.