Technicals look strong to me on the HTF. As the global economy starts to get a bit shakey, we should see the safe haven currencies move to the upside.
2019 is the setup for when shit really hits the fan. Keeping a close eye on Indices and gold as well.
Adding up the fundamentals.. The EU isn't going to hold up come Brexit Deadline. This pair should perform splendidly. Expecting new ATH in the long term.
My plan is to sell extensions and buy pull backs.
Looks like the inverse head and shoulders failed.. Right shoulder looks like it's formed a bear pennant.
now targeting measured move down to previous lows for a double bounce and a potential sweep of stops at 3k level.
I think we may see a cool-off on this GOLD rally as the indices bounce. Playing this one very tight.
MACRO Bias on gold is long as the volatility continues in equities. Near term my bias is for a bit of a retrace before we blast through resistance above.
BE READY FOR ANYTHING.
This is what Im looking at in BTC as we move forward into the new year. Altcoins to follow as we move. Will be watching for any fakeouts or invalidation moves.
As US equities start dropping, people are moving to save havens. Although the vast majority might be scared to jump in due to last years parabolic run. The fundamentals are stronger than ever, this is the...
I think we could see this H&S playing out, coincidentally filling the gap on the 1HR.
Still waiting on OPEC to finalise how they go about cutting production, I think this needs to be resolved before we move out of this range.