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Breakoutsetup

GBPNZD key resistance 1.91 holding so far...Previously mentioned the 1.91 level as a breakout confirmation level (weekly closing basis) and seems to be holding so far despite repeated bullish reversal attempts. This pair is a thick market (i.e. lotsa overlaps between candles/bars) and anyone trading this needs to be (mentally) prepared for it. That said, we will not want to see that 1.91 level tested again as that would indicate we may be in a trading range rather than a bear trend. If you were not shaken out by that pullback and held on to the breakout premise, you may see the price lower soon. But we are not out of the woods yet and need that bearish follow through. First target for this is breakout is 1.83 but I do see at least one support level that we need to watch out for.
Short
by thedailychartist
LTCUSDT breakout and re-test of 57.00 underwayLitecoin closed last week above 57.00 so I'd consider the breakout confirmed at this point. Also observably relatively performing well under recent volatility. Hence, I'm bullish right now and would buy this re-test if I see a nice bullish candle today. As long as 57.00 holds on a WEEKLY CLOSING basis, I'd say we should see this targeting the next resistance level at around 64.00. Furthermore, a monthly close above 57.00 definitely improves the odds for the bulls (IMO) of a noteworthy rally in the short term. Let's wait and see! Check out the weekly chart below:
COINBASE:LTCUSDLong
by thedailychartist
LTCUSDT tagged 57.0 resistance level. What's next?I am looking for a break higher but we are likely to see some kind of a pullback or consolidation before the market decides to break out of this multi-year consolidation (as seen in the HTF charts) or not. Market deciding to give us another bear leg is of course a possibility (In fact, I think there's a high probability that will happen in the short term so a break higher would be a surprise move for the market and could be explosive). But a Weekly or Monthly close above 57.00 should be pretty significant.
COINBASE:LTCUSD
by thedailychartist
AUD/CHF BUY IDEAHey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation! AUD/CHF: Daytrade-Preparation Market-Buy: 0,64335 Stop-Loss: 0,64190 Target 1: 0,64480 Target 2: 0,64585 Target 3: 0,64675 Target for One-Target-Trader: 0,64585 Stop-Loss: 14,5 pips Risk: 0,5% - 1% Risk-Reward: 2,30 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
4
CHFJPY Possible Breakout/ReversalTrendI think if swiss breakout upward this time from this falling trendline there could be a possible long opportunity for this pair. Talking about the king (greenback) it is losing some gains which it had from the earlier days of the week from other counterparts. For now, the king is pulling yen lower and I think swiss may take this chance and if the price breakout falling trendline with strong momentum buy stop order should be triggered and if ain't be a fakeout possible reversal can be a case which will lead price around weekly pivot R1.
Long
by jessi061
5