EURUSD Short 2:1 RRThe Euro demolished the Dollar for the back half of 2020 and retrace to some level makes sense. The market seems to have exhausted some buyers which is evident on lower highs and the failure to squeeze sellers from 1.2347. The dollar may continue to weaken in the coming months, however there is definitely a correction due. Based on analysis I see smart money attempting to use sell stops at or below 1.2121 from any longs to try and flick the domino and send price back down to 1.2029 where the December move began. Expect for 1.2012 to be choppy if it drops to that price.
2to1
Short Term PotCoin Target 2:1 Risk Reward$POT has been trending upwards on increasing volume
Long PotCoin from around 500satoshi give or take with a 1st target of 700satoshi risking against previous resistance around 400sat. If we break 700 the sky's the limit, upcoming legalization in Canada I see nice longterm potential for this creeper.
Risk : Reward 2 to 1
Bat Pattern, AUD/JPY, 30 I see a Bat pattern in the AUD/JPY 30 min chart, around the 96.810 area. The market here seems to be in an uptrend, so it isn't bad to assume that the market could break out of consolidation and continue trend. But I believe since the market will be testing highs for the year, the market will complete the pattern and reverse down into the 1.618 extension of the BC leg, where i have placed my limit. My stop is placed at the top of the pattern and my entry is placed right around point B, just to be safe and keep a risk reward of 2:1 or better.
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