This is a follow-up on AUDNZD, which is now at a critical position. Price can head south, north or sideways. No predictions - as I have no working crystal ball (and I'm not going to purchase one).
Vigilance is needed on this. Watch out for spikes and whipsaws.
The usual disclaimers apply - which means if you lose your money, sue yourself.
BRACE! Anything can happen in the next few days. The DJI is at a critical zone on the weekly. 'Everybody' is waiting for more QE and lowering of interest rates. In other words the FED is likely to blow the bubble even harder.
But there are crises in the bond markets and currency markets that weigh on this market. So fear is not just about stocks in the market...
After a massive 8H trend down, EURNZD made a bounce north. Now there is conflict with a Daily trend heading south. I explore the probabilities. Have a look.
Disclaimer: This is not a recommendation to trade securities. Your losses are your own should you take a position. This means you sue yourself if you lose your money.
Oil has taken a a more decisive turn. I focus on the 4H time frame review other time frames briefly.
My methodology is transparent and reproducible by everybody. I explain in this screen cast how I limit to what extent the market proves me wrong, but at the same time capitalise on when the market says I'm right in my probability estimates.
In this shorter screencast I give three reasons why I come to an opinion that Bitcoin may surprise. This is not encouragement for traders to take long positions. Whatever traders do, please ensure that stoplosses are truly acceptable. No gambling please.