My hands are itching wanting to short. What´s your take?
Continuity pattern, my bias is long but short on the downside break of the triangle would also be a good risk-reward trade.
In my opinion, the answer is yes. While most crypto bros relate Bitcoin to a safe-haven asset as it´s supply cannot be enlarged, I like to think of bitcoin as that as well but with the difference that not now, I believe that the real demand for bitcoin is yet to be seen, therefore is mostly correlated with high beta assets like tech stocks. My bias is go long...
If it closes the daily candle above 1.20 will let a pending order on the retracement to 1.20 and go long.
After the break of such an important level, one may believe it is the beginning of a new downtrend for the kiwi.
Break of the important 200 level, and it has retraced several times and held, should be a good indicator and confirmation that the upward trend is likely to continue.
Is forming a triangle, my bias or my ideal would be for it to break to the upside. but at the moment I'm just waiting. Be aware of the next few weeks, where it goes is about to explode.
Currently I'm looking to entries if this triangle breaks and the break holds outside the triangle.
Waiting for the close and retrace in order to enter short.
Waiting for the retracement to enter short.
The break of the triangle should provide a really nice opportunity to go short in the retracement.
I expect eur/cad to come down to the 1.48 handle.
shorting the break of the support and retracement.
EUR/CAD posses a negative correlation with the S&P500 and I believe there is more pain to come to the S&P therefore more gains to come to the EUR/CAD
Long after the break and retracement of the 200 day moving average.
Break of a resistance and then a retracement.
touched the trendline and retraced, just by technical analysis it should go up, but we know the current situation of coronavirus fears, so we will have to be careful.