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BTC Potential scenariosBTC is currently within the previous range of 41K to 44K, I believe a weekly closing above 41K will be bullish for the coming week and a retest of 44K will be within reason. (that's for the bullish scenario, short term view) Now if you look at yesterday daily candle, BTC has printed an evening star (bearish) and I would not be surprise to see a pullback at the previous breakout of 38K if the low of yesterday candle is taken out! The rule is pretty simple here, if the low of yesterday candle is taken out you can open a short with a SL just above the high of yesterday candle or the opposite for the bullish scenario!
by ElDiablo0604
XAUUSDSi miramos este par en una temporalidad de 1D vemos que se encuentra en una corrección bajista, después de ese gran impulso alcista. Ahora el precio se ve en un pequeño impulso alcista que rompió con una micro-tendencia en 1H, así que me gustaría ver que ese pequeño retroceso que esta teniendo toque el nivel 61 del Fibo para seguir con un impulso alcista, pero teniendo cuidado ya que el precio se encuentra en un canal bajista y es posible que todavía siga respetando sus extremos. Pero por el contrario si el precio sigue con un impulso bajista, esperare que rompa la micro-tendencia alcista, para tomar otras decisiones.
FOREXCOM:XAUUSDLong
by AnaLuna
EURCAD VENTAEste par se encuentra en un canal bajista y en estos momentos se observa como el precio esta respetando uno de los niveles de dicho canal y perdiendo su fuerza en ese pequeño impulso al alza, lo que se puede esperar es que el precio haga alguna estructura de giro, como un doble techo o una trampa en el nivel del canal o en ese flip próximo, por consiguiente se podrían esperar dos escenarios: Primero que el precio al ya no tener mas fuerza para subir, gire buscando un punto de liquidez como lo es esa pausa anterior que tengo marcada como una zona, si el precio llega a esa zona y la respeta, podríamos esperar una compra, pero si la rompe seria para una venta.
by AnaLuna
AUDNZD possible shortHello ladies & gentleman, I wanted to show my perspective on AUDNZD With what price has showed us so far, I'm expecting price to continue with the bearish pressure. As I showed you guys on the video, I'm waiting for price to just breakout, retest, and start to create bearish impulses. Target is small since I am expecting price too to give us a bigger continuation pattern to continue to go lower. In case such thing does not happen, then every structural level that price breaks down and retest, could be a pretty good opportunity to scale in. The 2nd scenario that I illustrated on the charts could take a couple of more weeks, where we could be able to capitalize on small trades inside of the bigger correction, but for now, short is what I am going to be trading. Expecting Stop losses of 10 to 15 pips as maximum, and looking for 1:3 Risk Reward Ratio! Hope you liked the idea! Leave any comments!.
Short
by olmedomanuel_
EUR/JPY WEEK OVERVIEW TRADING IDEAEUR/JPY had been plunging all week after a touch around the 121.000 price which is a vaery strong zone and price hasnt traded above this price in 2 and half months. This plunge saw the EURJPY fall to all time low of around 116.000. Price then printed a strong kangaroo candlestick formation which touched the zone indicating a solid rejection of that zone. Following the kangaroo rejection, price formed a falling constricting just a few pips above the zone. We are expecting price to bounce of the zone/break out of mentioned setup to rally to the 118.500 price then shortly fall to pierce through the all time low price of 116.000. It is possible for us to see price continuing rallying after it reaches the 118.500 to go to the 121 zone. Look for buy opportunities when japanesse sessions opens and look for possible sells or even buys during london session open.
by indigocapitalmarkets