Last week we saw a pullback in the crypto market, which is expected since some counters like Ethereum have run up close to 65% since the start of the year, so even if the bull-trend is to continue, we cannot expected it to go straight up without some zig-zags along the way.
Following up from some of the Euro short trades we shared a few weeks ago, we expected weakness in the EUR relative to many other currencies, and these trades have yielded between 400 to 900 pips profits per trade! Simply awesome!
The stock markets have also started turning down after hitting our predicted major resistance levels, so we expect the week ahead to be bearish or sideways. Still not seeing any major bullish catalysts for the stock markets.
Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
https://synapsetrading.com/wp-content/uploads/2022/04/Bratislava-Slovakia.jpg15122016Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2022-04-08 14:24:492022-04-30 17:43:42Weekly Market Wrap: Taking Profit for Euro Pair Short Trades!