Trading Plan 11/27- 12/01/2017
The general picture: Bitcoin broke through the ceiling, the euro rose and there is news this week.
The focus of investors, of course, was on bitcoin. In the weekend, bitcoin rose by 20%, an unbelievable rally . Ruthlessly shortstopped - well, and rightly so, to climb on selling on such a schedule - this is for the common folk.
On Monday morning, the price of bitcoin was at 9700 dollars.
If it is serious- it is necessary to shortstop. Before the reversal, there will first be a strong pullback downward - not less than $ 2,000. There are many who want to buy, they will buy and drag bitcoin into "last growth." And here one can start to sell gently, not far from the highs - but with a not very distant stop behind the high - and it's better to start the first selling for a high, but with a short stop.
EURUSD: Our recommendations were not ill-advised - you can lock in the profits right now.
The Euro will probably continue to grow, but now it is very likely to rollback.
Buy euro from 1.1865
On Tuesday at 2.00 pm London time, Jerome Powell, the future head of the Federal Reserve, will speak at a hearing in the Senate Banking Committee.
On Wednesday, the report "The Beige Book" of the Fed (at 6.00 PM London time) and US GDP at 12.30 PM London time will be published.
GBPUSD:
Buy for a breakthrough of 1.3360
