The euro is in a downtrend compared to the dollar for the last six months or so. The next levels to look at assuming the trend continues are 1.081 and 1.034 representing a 7% drop from current levels. The macd also recently gave a signal. In forex I like to bet on trend continuation so I think it's likely we see those levels soon.
GE has been in a big down trend since 2000! where it reached around the seventy dollar area. Now it's going back down after several months in the 10 dollar area. The next levels to watch are around 6.50 where it could be a possible great buy even with all the negative factors. It is none the less a well known brand and there is something to be said for that...
A lot going on with bitcoin technically. Here's a summary.
Consolidation at descending trendline. (retest)
Rejection from .5 Fibonacci.
Nine on 4 hour sequential.
RSI is reaching previous resistance area.
Outlook: I do think we'll see some downside from the sequential, but the RSI makes me think it could still go further up. No position other than scalping for now.
Most people when they think trading they think how can I make a lot of money fast. They usually start to trade and then reality sets in; they lose their money; they blame the system or the market maker and they never trade again.
Here are some ideas to avoid falling in to that cycle:
Position sizing: if you're just starting you shouldn't be trading with a two...
Sharing some basic patterns for those who may not be aware of them. This pattern is a very common trading pattern which often leads to a substantial move in the direction of the trendline break. The triangle is formed by multiple price moves going up or down to an area and then reversing thus forming a line. When a trendline going up coincides with a trendline...
I've been 100x scalping like a mad man. (I'm sure I will become profitable one of these days.)
Given we're at the top of the range and based on my technical analysis methods I think we might retest 9750 in the next few hours.
As always the Canadians are here to screw everything up. CAD still gaining strength which means the dollar is still trending down.
Keep in mind these pairs are highly correlated.
It's funny regarding my stalkers problem. I've been giving them what they want ever since they started harassing me and a nazi had an abortion on my google yet still all they spew is...