Bitcoin technical analysis_2023-12-12Short position
After breaking the support formed at the price of 41360
Entry 41100
The loss limit is 42200
Risk Free 40000
The profit limit is 38800
Candlstick
what is next move of gold?if price breaks the resistance 1777 and confirms above it then we would looking for long positions.
but if resistance push price back down then we van expect bearish bearish move to support 1757.
USDCAD Weekly Showing Strong Bearish SignsDollarCad Weekly Formed A Bearish Engulfing CandleStick Formation after breaking out of its long term channel,
USDCAD already retraced back up creating a lower high and now we have this bearish candlestick formation with a counter trend line break.
the daily seems to be a little low already and might retrace, I don't plan getting out since its the beginning of the move from the weekly, what Im planing to do though if it retaraces on the daily I might look to add to my position.
if you not in yet I would say probably the best thing to do is to wait for a pullback, Risk Disclaimer I'm not telling you what to do im just saying what I would do.
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