If the EUR SX5E Top 50 Can consolidate above the EMA price should continue up to the next level on the Fibonacci retracement before breaking down or ranging lower. This should create a stronger EUR in the FX Markets against both Major/Minor Pairs
After the current market conditions and landslide. The impact of coronavirus and Brexit on the Euro is apparent with price looking to break down further before any upside continuation is on the cards. I would expect this to break the red line as indicated and touch either the trend we broke out from or collapse back underneath the current longterm trend.
The halving for BTC is fast approaching and we are starting to see ebarish momentum slow down as we end the year in a descending wedge pattern looking primed for a breakout. Expect a minor upside move before a retracement or fall prior to the halving that could see us down at levels such as 6k again before absolutely rocketing to past 14k. I will be placing longs...
Looking like a breakout may form to prior highs in the pattern before retracing back down. Aiming to enter at a slightly lower price than CMP and take this to at least 25/30% of the Profit area before moving my SL to BE/Profit.
Taking in consideration the last bullish movement a retracement is the most probable outcome after that type of breakout. even if movement and sentiment is to carry on upwards after this. Hoping for the outcome to be easy i'll move my SL to breakeven the minute it gives me the chance and then it's Risk free.