GOLD is in a strong upward trend. It tried to break the trendline but failed to do so and then became choppy for a while. Today seem to be closing a nice upward day suggesting trend continuation.
Trading the trend with a stop below todays momentum candle low provides a solid Risk Reward opportunity here.
RUNE made a classic false breakout and now it seems to be forming daily BEARISH ENGULFING. Both arguments support further downside, at least temporarily.
ETH is trying to break out but keeps coming back, leaving huges shadows behind. But the hint is in candle lows. Seems like every bottom is bought and daily lows keep printing higher prices.
Looking for a nice bullish candle here to go long.
Pair relationships.
USDJPY and US 10 year bonds tend to move in sync.
Right now we have quite a strong divergence where usdjpy has overextended its downside move. To offsett the risk of further downside you want to buy US 10 year bonds.
This way you you have positive rollover from both: USDJPY long position and US bond long position.
Strategy:
BUY...
Dax seems to be overextended due to new year portfolio flows.
Simple trendline break gives breathing room.
No SL, small position, will add if it rises.
Target appx 14800 and below.
Cheers.
