Waiting for Major Support 104.90 to LONG ENTRY.
@USDJPY Still under pressure of trade war and global Risk of recession, stock, index giving the signal Global ECO slow down and central bank looking rate cut with QE. Might possible Index and yield giving the Wrong signal for a recession, but the central bank can not ignore the false signal and they are preparing for more rate cut strategy.
Support Levels:
S-1 = 105.80
S-2= 104.90
Resistance Level:
R-1 =106.70
R-2 =107.25
NEW FINANCIAL CRYSIS SOON?
I guess every trader remembers what we faced in 2007-2008. It was a global financial crisis because of the subprime mortgage crisis. Right now, in 2019, the situation is not much better than 12 years ago. Huge governments and other debts have been growing for a decade to explode one day. Did you know that the US unfunded liabilities are $125 trillion dollars? That's $125 trillion debt! Capitalism with debts culture got you again.
Some technical signs shows that the end is near, for example, this one:
The spread between the 2-year Treasury yield and the 10-year yield flipped so that the 2-year was higher than the benchmark 10-year yield for the first time since June 2007. Other parts of the curve have already inverted, but traditionally the 2-year to 10-year spread is the most widely watched by market players.
The market is bleeding hard. People are scared and they start to move their funds to stable actives like gold (obviously not a US dollar). Cryptomarket faced the same, a lot of institutional traders left crypto today. You can see how centralized $XRP lost its synthetic support at 30 cents, this is the call from stocks market.
Will cryptomarket bleed together with stocks or will it be a new safe option like gold? We'll find it out very soon.
Please like, share/follow us and get daily/weekly/ monthly Analysis.
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.
Support Levels:
S-1 = 105.80
S-2= 104.90
Resistance Level:
R-1 =106.70
R-2 =107.25
NEW FINANCIAL CRYSIS SOON?
I guess every trader remembers what we faced in 2007-2008. It was a global financial crisis because of the subprime mortgage crisis. Right now, in 2019, the situation is not much better than 12 years ago. Huge governments and other debts have been growing for a decade to explode one day. Did you know that the US unfunded liabilities are $125 trillion dollars? That's $125 trillion debt! Capitalism with debts culture got you again.
Some technical signs shows that the end is near, for example, this one:
The spread between the 2-year Treasury yield and the 10-year yield flipped so that the 2-year was higher than the benchmark 10-year yield for the first time since June 2007. Other parts of the curve have already inverted, but traditionally the 2-year to 10-year spread is the most widely watched by market players.
The market is bleeding hard. People are scared and they start to move their funds to stable actives like gold (obviously not a US dollar). Cryptomarket faced the same, a lot of institutional traders left crypto today. You can see how centralized $XRP lost its synthetic support at 30 cents, this is the call from stocks market.
Will cryptomarket bleed together with stocks or will it be a new safe option like gold? We'll find it out very soon.
Please like, share/follow us and get daily/weekly/ monthly Analysis.
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.
Trade closed: target reached