EURUSD is going to be pretty volatile today.., there are some fundamental news that will mess with the technical players like myself. Seems like a good chance to catch a limit buy around 1.1675 with stop sells below 1.1590 and 2-3R limit sells.
Global Dow: GDOW Limit Down Across the World
The pattern here is similar to GOOG (without the double tops)
and shows how all major market indices have fallen under the
spell of the high-tech mantra. What's good for Google is good
for the world, well, world markets anyway.
Critical support for this index lies at 2967. The low so far is
2276 today. Come what...
Was able to ride the upward bounce off of the fib after it wicked below jsut enough to trigger my limit buy...I don't anticipate the bears are done yet though...especially since the upcoming 1day chart death cross is still seeming like an inevitability in the coming days. Now that I ahd a successful limit buy triggered I qwill likely put another top loss a few...
The best price on opened short is around 1.2890 , because this price is strong volume from accumulation usdcad.
The best price on opened long is 1.2690, because this price is strong level from Price action pullback and high volume from uptrend.
Watch pair with me
I set it up Short limit on CADJPY on price 84.30 because is strong VPOC from consolidation and after strong sell. I expect reaction on the price!
Check this pair with me and i will write SL and TP next time .
I know its been several days! I finally was able (with some help) to get back onto the recording video train. There for awhile The Trend was shut down because I couldn't get videos to load. Once I had shot them, clicking on the publish bar would make them disappear into the great beyond. We're over that now, and we're back to work!
Today we have...
Welcome back yall!
Today on The Trend we talk about the unknown direction of BTC. It's a challenge to call a move upward, or downward with long term trends crashing one another. What usually gives it away? VOLUME. There is no volume in sight. We have to wait untill we see some volume to have conviction in the next move. Later today - or possibly tomorrow...
First close over the 50 day EMA since July. Some resistance @ $3.40 and $3.61 then it's smooth sailing to $4.50. Targeting $4.50 first, $5.00 second and then the 200 day EMA around $5.75. Some weak support @ $2.89 and more solid support @ $2.55. Watch List @ TraderPix.com