AUDCHF ShortI actually planned on this trade being a very small 1:2 RR trade as i was looking at it on the 1 minute timeframe when I saw a head and shoulders pattern form, so I quickly entered and after seeing how rapidly it fell I then decided to target a lower level of Support.
It's now running extremely nicely and looking to hit TP becoming a 1:7RR trade.
Scalp
Shark Complete On QuaterpointGBPNZD - Waiting to see if price breaks the quaterpoint, theres x2 very strong OB's just below it, I want to see if we get a close below or a wick below to fill the imbalances, I will be taking scalps from these zones as rejection is probable even for a quick 20/50 pips.
If we get a close below on the daily ill be looking for retests and short, if we close above ill be looking for retests and long (For swings)
Whats your thoughts?
SAND descending channel possible? Will we see a breakout from this descending channel? Broke above 20sma and now we have horizontal resistance at 0,7501 and a second big and important one at 0,7795. Between them is now 200sma. So even if we can see volume increasing since 20sma breakout, it could take some time to break these resistance levels. Long entry under any of them is recommended only for scalp traders. SRSI is high and pullback is possible soon. Good luck traders
AVAX possible scalp, or?Avax printing symmetrical triangle, before the breakout of horizontal resistance or resistance falling trendline, we got 20sma which will be a nice test of AVAX strength. If we get above it and successful breakout, we could see the price going up, possibly hitting 200sma which is now about at 59. it's going down, but if enter long, that is the first level to be watched. If getting above 200sma and successfully retest it, we could have a bigger upside move. Good luck traders
1INCH ascending triangle1INCH in ascending triangle.
SRSI looks bullish on 1hr chart. Printed golden cross.
MACD could do it also in a few hrs.
Volume decreasing, indicating that the next move is soon...
We could see a possible retest of 200sma, but do not have to.
The upper resistance level at 3,28 was few times the rejection zone, so be careful when the price reaches it, could do a pullback or retest of the lower one...
If so, scalpers could open short scalp trade.
Good luck traders