When the cat got out of the bag so to speak with the news about Steven Cohen entry into Cryptocurrency, the market indirectly found #Bitcoin prices above 7400. Indeed a much welcome treat for institutional traders and investors from the previous selloff.
Properly timed entry on #BTCJPY cross above 836500 have generated a considerable lift from #USDJPY rise above 113.00. This constitutes #YEN weakness in #VALUE defines the #USD Index strength with the #DXY above 95.05 levels as of this writing.
Thanks to the CORRELATION & VALUE between the 3 major Asset Classes Price Adjustments that narrowed down rate differential on the way higher. So far good fundamental have been quite supportive with #Price #Action favoring a market recovery for now.
As mentioned in our previous shared info on #BTCJPY & #USDJPY, as a point of reference developing these strategies and asset class selections are unappreciated while not commonly noticed as a combination. So this is where are core strength in search of combining the most appropriate instruments that best define a greater probability for trade success & a market potential as against a lesser variable risk factor comes into realization.
There are no sure trades even when numbers are absolute as the financial markets are globally relative. The strategies in place a week ago are variable, yet has proven to be as effective with today's price action.
ReplyDelete#Validated #Justified #Risk #Reward #Ratio