Dollar getting battered as USDCAD breaks through supportTrade Idea: Selling USDCAD
Reasoning: Hourly and 4-hour chart below Ichimoku Cloud. Bearish daily candles with 55-day/100-day moving average crossover
Entry Level: 1.3333
Take Profit Level: 1.3117
Stop Loss: 1.3406
Risk/Reward: 3:1
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Breakingsupport
LTC: A Decision to Make !LTC is approaching to an uptrend line that has been forming for a couple of days. The question is:
Will it break the line or is it just a 3rd retest to make this one valid ?
Altcoins have been for the past few days overall bullish following the major cryptocurrency: Bitcoin.
The market will decide the fate of Litecoin. As for you, are you going to choose the right side ?
Week 20: ZSN2021 Sign of weakness and opportunity to shortThis morning during Asian market, volatility was low and structure wise, it is trending down to break the $15.82 support level.
I am on bearish bias and will place a spot short order:
Entry: $15.82
Stop Loss at $16.13
Take Profit at $15.08
RRR = 2.39R
It may not be a short drop, protect your profit when you are already in profit zone.
I will update again tomorrow if there is a change in outlook.