Interesting times to be in the markets. Brief panic as Iran voted to close the Straits of Hormuz before saying a final committee had to vote on it. Muted response from Brent crude, roughly trading up to $74 a barrel. Global glut incoming or a global economy less reliant on oil?
We've seen crypto hit a bit in the last couple of weeks with the Iran situation but not tremendously. The ceasefire unsurprisingly sees markets start to recover and risk appetites back. The level I would trade a full clip long at x cents was not hit but no harm in that volatile situation in doing a half clip at x cents and if the fall continues you would be able to put the other half clip on at x cents. Target realistically of x cents but could half clip and let other half run with trailing stop.
We can see where the level where the large breakout occurred has become strong support and very much gave us our trade of the year. If you missed doing anything in the recent period, sit on your hands, chances will come but if totally flat no harm in doing half a clip at x cents. Things to be aware of going forward:
Possiblity of ceasefire breaking and return to risk off scenario.
Tariff situation and impact on global economy
Inflationary pressures in Europe, UK and negative consumer outlook in general