Levels …Turkish Lira

DAX…a close today under 9354 would leave way to another bout of selling.

EUR/JPY…140.13 is today’s ORL #. Monthly sell stops are @ 138.40.

GBP/JPY…169.81 is the 50 day mvg avg. A close below this level would put in an ORL day.

The Yen crosses putting in ORL patterns would be reflective of a Risk Off board.

Orders….Bottom Fishers

For the Risk off crowd…These are the levels to look for a bounce.

Spu’s…(ESH4) BUY @ 1732
Nasd 100…(ENQH) BUY @  3441
USD/JPY…Sell Yen @ 99.75 (H) Futures…100.20 USD/JPY

The world is reacting to the Turkish Lira.
The Dollar low in the Lira has matched up with the 1800 Spu high.

If the Lira starts to climb back over 23000 a run into U.S. treasuries is a distinct possibility.
We’re witnessing an event trade run by the Emerging markets.

30 yr. Bond Futures could go as high as 134.28 (the 200 day mvg avg)

The above levels should bounce the first time in. I can’t write a stop until I see the fill.
You shouldn’t risk more than a few points in the Equity Indices. Pros only!!!!!!!!

Bonds & Yen could easily over run the levels.

If you’re not a full time professional…Do Not attempt these contra trend trades!!!!!!!!

Gold….1305-17 is resistance…It could get to as high as 1360 on a complete panic.

140129_074325_CQG_IC_Chart_IUSDTRY_-_New_Turkish_(Lira)_Index_Daily

This entry was posted in Archive and tagged , , , , , , , . Bookmark the permalink.