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Reentry

USDCAD Outlook. Looking for High Probability LONG Re-EntryHaving pocketed +350 pips across several USDCAD lots, I'm waiting for a high-probability set-up to get back in long. For me, that would be a decisive break above current trendline, which was put in place last week as Dollar Bulls pulled profits out of the market. Currently, support is at the 1.28 mark as price action failed to break through the area of supply indicated in the red rectangle. Signals indicating a BUY, but I do not want to jump back in prematurely as the market could easily look for areas of better price demand, especially within the dark gold retracement area I've marked on the chart.
by jrashaadtrades
XRPBTC - The market isn't sure what to do with Ripple right nowSteady climbs over the past couple days after a week full of negative community chatter, but the sudden drop isn't following any TA or news that I can find. At the moment, it's breaking down through soft support around 16300 sats, but trying to recover over the line at the same time. We'll be looking at a convergence around 16300 in the next 5 hours, which will give us a better idea of whether Ripple finds its feet again and takes us up around the 17500 mark, or if it continues to fall down around the 13500-14000 area over the next 24 hours. Watch for breakout or breakdown around 16300. Breakout Scenario: Target 1: 17500 Target 2: 19400 Breakdown Scenario: Stop Loss: 14200 Re-entry: 12700-13500
by epaka
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