The Coronavirus has really spooked the markets with OIL trading in the lows and the US markets having their worst week (last week) in 6 months... but is more to come? Our analysis shows that yes, there is but not for far too long.
Right now the best strategy to employ in forex trading is "ride the fear" and that means short-sell WTI, Brent and Indices, right until a pattern for a reversal is shown.
As I explained my coaching students, there are two high impact probabilities on our the horizon and they are:
1. A cure is found
2. A death outside of China (not a Chinese national)
These two scenarios can and if they happen, will move the markets aggressively... the problem is both can happen pretty much at any time as the scientists are working in the shadows but so is the virus in the people.
Of course, the 3rd big probability is a flash-crash or even a black swan event occurring on something that might not be expected... like zombies! (haha)
Anyway, lets get to the video which explains everything better.