JOSE ANGEL ZABALEGUI LABARTA @Analisisciclico: "TIME TO WAIT OR, BETTER..."

Spain

TIME TO WAIT OR, BETTER TO SAY, TIME TO GO ANTIFRAGILE (1/2) A couple of quick updates. First. Once $EURUSD has demonstrated what I was suspecting in my previous post "I don't expect too much bullishness because a larger cycle bottom is ahead of us.", a fast and unexpected down move due to geo news has initiated a bearish mode that may last up to last 1/3 of march when a bottom is expected to form. That suddenness has had some colateral for us, the first one was the close of the long with mild profits in the EURUSD at 1,1817, the bad news is that, once the down move started, prices didn't come back as much as to set up a confortable short position. Meanwhile, previos set up with a short in $USDCHF has stopped out and $USDCAD in danger. Let`s see is we can short the $EURUSD but it will be complicated. In the image, the A to H 20-day cycle FLD sequence, developing a sharp F leg which high probabilities this it is not finished yet. Then a mild counter tren rebound of a G interaction, then a final capitulation to form a H wave. Meanwhile I have decided to jump into $BTC (as mentioned in previous post, no leverage and only longs) as antifragile strategy. Analysis in the 2/2 post Best of luck José ------------------------------------ eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. ::

Not investment advice. The author may have financial interests in the mentioned instruments.