Fundamentally, US is going to have big issues with recovering from this virus, alot of things happening behind the scenes
Technically, large resistance zone playing out the larger trend, Look at chart for analysis
Fundamentally, Oil just died. CAD is one of the top oil producers. Not saying that Cad is going to bleed heavily, but they will hurt a little.
Technically, we had a nice break and retest of trendline.
Look at chart.
Fundamentally, equities are slowly making a recovery.
Technically, 4 hour lwma cross outside of bollinger band. At a key support level on the bottom of the trendline (1675). Gold will go up a little more and then make a decision. First double top was a juke, it needs to make the new double top. Until we break the 200 ema on the 4 hr, I will not sell gold....
Now I dont usually trade the pair, but I never believed in bitcoin since it started on its descension (not a real word apparently).
List of other similar things I dont believe in:
It just never was able to really recover, and its because... its backing and presence is based off of one thing and one thing...
Now I know what you're thinking and I can already here it:
"Brendon why would you take it in an uptrend....Brendon you idiot bulls gonna rub their bull balls on your face, you're dumb...you dont know what you're saying, you hold no merit as you are a lose money trader!!!"
OKAY OKAY OKAY I GET IT, I dont know what Im saying, I was wrong about the reversal in...
We have constant bounces of price outside of the moving averages showing overextension. As moving averages got closer to the bollinger band, they finally closed outside of it after one more EXTENSION of price. After price was overextended, it started to climb outside of this erection. Retested it one more time before actually printing a bear. "This is what we...
We have touches of price outside of Bollinger Band with Moving Averages showing over extension of price. Broken Trendline with retest. EJ ready to bleed, all in. Dont Trust Me Im A Lose Money Trader. #bigballsfx #bbfx