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BluetonaFX - AUDUSD Double Bottom OpportunityHi Traders! AUDUSD looks bullish. There is a double bottom forming on the chart, and there are opportunities for long entires. Here are the details: The market is currently holding above the price rejection support level of 0.65710. Preferred Direction: Buy Entry Level: 0.65737 Stop Level: 0.65494 Target Level: 0.66302 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
BluetonaFX - CHFJPY Resistance SHORT IdeaHi Traders! There is a resistance short-to-support opportunity on the CHFJPY 1D chart. Price Action 📊 The market has reached the 2-month resistance at 166.601 (August 2023 high), and bears are currently holding strong at this level. A continued hold here will most likely lead to a pullback to the support level at 164.000. We are looking for the bears to hold and close below the market resistance level, which will be an entry signal to go short at the resistance level. Fundamental Analysis 📰 With the current rising geopolitical tensions, the safe-haven proxy currencies, CHF and JPY, tend to be the likely outperformers in the foreign exchange market.   Support 📉 164.000: PREVIOUS RESISTANCE Resistance 📈 166.601: AUGUST 2023 HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
1
(Requested) $ENJ Chart. Cause He FOMO'd!My friend @zafartauqeer is FOMO'd and made an entry on 1100 sats just after the news of Bithumb listing he heard. Right now he is waiting on the sideline looking for dump his bag and so afraid it will go lower. Actually at this case, I really encourage everyone to not FOMO. Because rather than to see your money burning for nothing, you better buy food with that money. So if you wanted to trade, pick a higher R:R probability before entering the market. At the current moment i'm looking for 867 sats as nearest support. But RSI level still heading downward so I actually will put an average down on 742 sats, if i was him. At that level i will have a better average entry price. After that i will wait for the alt coin spring or the next news with one month or two, an patiently not making any risk move. One thing, ENJ has good fundamental and nothing to worry mid-term from now. While waiting, i will put sell orders around 1200 and 1688 sats. That's all i can do. Trade safe.
by blockchaindedi
1