I would wait to see if the 1.32505 properly resists the upcoming bullish candle before entering a 1:1.5 Risk: Reward trade. If the target is met- close half of your position then let the remaining half ride down.
Quick Trend Analysis.
Reasons for Short:
Used some resistance lines from previous bars.
Also used some old Fib retracements that held well previously.
Overall EURUSD looking rather BEARISH.
BREXIT news is indirectly, if not directly, affecting the EUR market.
*Short EURUSD*
Feel free to adjust the Risk:Reward ratio to taste, this 1:1.5 setup allows me more...
If there is a corrective movement on USDGBP around the resistance line we can look for a short. I could draw more but usually, if you have an understanding of the market you'd see where I'm aiming
Short GBPUSD
Reasons:
Bearish Trend
Lots of resistance
Brexit
Risk Reward 1:2 (Feel Free to Adjust to Taste)
My analysis is that of my owns, do not blindly follow my trades, but instead, compare notes and find your own solution.
Crypto like BTT is lacking in history so it is hard to build an analysis for.
Reasons for Buying:
There's been recent news, google it.
Cheap coin to invest in.
Scaling with TRON (TRX)
This is more of an investment call for a longer period of time.
Personal Opinion (Not a highly credible Crypto investor)
Looking at the chart there seems to be strong resistance at the 1.329 (Technical)
Possible double top (Technical)
News on Brexit and all this eagerness to leave EUR are definitely going to be troublesome for their economy (Fundamental)
Recent light being shed on the possibility that "Brexit" was a setup for funds to make a profit- thus leading to negative bias if...
Think of everything in terms of Real GDP. This is America... we don't lose (yet). We've been thriving for so long and there are no signs of us stopping. Also if we account for our current economy and low unemployment rates are... things are looking pretty darn good long term. Only concern would be due to the new tax reforms that contradict the economic theory....
