Small crypto and forex markets review and thoughts for the week ahead

Good day Steemers and traders! I hope everyone is ready for the new upcoming week? Good!

Some key talking points:

at the end of last week we saw bad NFP data and unemployment rate tick up, but as the sentiment was massively negative USD, traders seemed to pile on again selling USD and got their asses handed to them. What we are seeing is unwinding some positions
North-Korea nuclear test. Again! Those crazies... well something is gona happen. IG Sunday DAX is down around 100 points from 12160 to 12060 on these news, but who have been following the markets, these events tend actually to be bullish the indices as the fear wears off.
US and Canadian bank holiday tomorrow. Low liquidity day.
the upcoming week itself will have quite a lot of data though, spread throughout the week
i have closed most of my EURGBP shorts, rest i will try to let run maybe for a 100 points more with stops at BE. This position is now forgotten and will manage itself.

Alright let see some charts, shall we?

EURUSD hovering above monthly open but all things point lower
eurusd daily attacking the monthly open again but all points lower.PNG

A freak H&S pattern with a bullflag at a supporting TL? One eye on this, still not sure what to make of it.
gbpusd h4 a freak inverse head and shoulders and a bullflag on a supporting trendline what to make of it.PNG

NZDUSD daily head & shoulders pattern with potential targets
nzdusd daily head and shoulders with potential targets.PNG

WTI oil daily looking a little bullflaggish

DAX daily bullflagging but just can't catch a break with NK nuclear tests on every other day
dax daily just cantcatch a break dax is down again on ig sunday markets because of nk nuclear tests.PNG

BTCUSD monthly ooh, some red. The month is just beginning though.
btcusd 1 monthly ooh some red.PNG

BTCUSD daily these kinds of wedges with clear divergence are not bullish, but this is Bitcoin we are talking about here. I would love to get me some Bitcoin a little closer to 3000-3500 though.
btcusd 2 daily these kinds of wedges with clear div are not bullish one can only hope we pullback to nice levels but not really sure about that give us please around 3000.PNG

STEEMBTC looking to get into the next box to get the pressure off. Currently bearish, but remains a good buy longer term.
steembtc daily need to get between the next boxes on the upside to get downside pressure off.PNG

That's it with the weekend charts. Let me know your thoughts regarding the markets in the comments. Enjoy the rest of your weekend. I know i will, with "You Only Live Twice" on the menu tonight.

Img src: http://www.imdb.com/title/tt0062512/

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North Korea is crazy for real, what a gangsters

gangsters haha, this word made me laugh :D

Good job. I'm already looking forward to another surge on the stock markets

i have closed most of my EURGBP shorts, rest i will try to let run maybe for a 100 points more with stops at BE. This position is now forgotten and will manage itself.

I rode this bad boy down too.

Happy Monday!

cheers bro! looking to re-enter, but really cautious about this. eurgbp postioning from fxcm
eurgbp shorts.PNG

Do you find those sentiment indicators work?

Is that just the single broker's book? Where do those numbers come from.

i mostly just use this to avoid positons that are gonna squeeze, but currently i think we might be in the last phases of the uptrend on a bigger TF. Last time these sentiment lvls were seen in 2008. So turn soon or massive overshoot, anyway i think this will end in tears. This is FXCM numbers as well as indicator, available free. But these waves are invesre to price waves so this is not a predictive indicator but better gives you an idea when a support or resistance is mostly likely not gonna hold.
2008 lelvels.PNG

I wish you a great weekend furious one and I would like to see BTC at 3500, too, just for a while until it shoots upwards after SegW

it's a good set of information you've made!

I show you how to get a crypto millionaire

That is not even a sentence and your wallet has 74 cents in it.

yeah the articles under that account have much better english in them than his comment.. suspicious

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