ridethepig | Bullish On Asian Risk Markets

24 Eki 2019

The USD devaluation is confirming a major top in USDKRW and implying we will start to see a larger bear market here. Those following my previous models on USDKRW will know the break of 1178 has unlocked the lows. Focus is now shifting towards the 2018 trend-line, a technical break of this will do significant damage:

With a USD macro top confirmed, I am actively bullish Asian risk markets:

In USDKRW the next level in play 1144 is underway and will be the first target in the 3rd target in an impulsive sequence. A break of 1144 will trigger a cascade of stops.

Thanks!

21 Kas 2019

Not

1175 is the only level to track for the week