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Smctrading

#CADJPY: Major Swing Selling Opportunity, 300 Pips Expected! Dear Traders, Cadjpy was extremely bullish in January since Yen plummeted to record low, making it easier for all jpy pairs to rise to the new level. However, since february Yen has started to recover and it is expected to remain bullish for entire march. Right now, We are looking at price to come to our area of entry and reject it from there, with possible 300 pips selling opportunity can be targeted. Using of Accurate Risk Management is advisable and protect your capital at all time. Only take this idea as your bias. Good Luck and Trade Safe!
Short
by Setupsfx_
9
Analysis of XECUSDT - Buying Opportunity in the Demand ZoneIn the trading world, patience is often the secret to success. After a three-week wait, a buying opportunity seems to be emerging for XECUSDT, in a demand zone or a block order, with a current price of 0.00004571. This opportunity offers an attractive risk-reward ratio of 1:8. Entry Points and Targets: Entry Point: 0.00004571 Stop Loss: 0.00003854 (conditional on a 4-hour candle close) Profit Targets: TP1: 0.00006851 (consideration zone) TP2: 0.00008658 TP3: 0.00010740 Technical Analysis: The decision to enter a long position is based on several technical factors, including the formation of a demand zone or block order at 0.00004571. The stop loss is placed at 0.00003854 to limit losses in case of adverse movement. Profit targets are established based on potential resistance levels, with particular attention to the consideration zone around 0.00006851. Risk Management: Effectively managing risk is crucial in any trading strategy. The 1:8 risk-reward ratio offers significant profit potential compared to the risk incurred. However, it is essential to remain disciplined and closely monitor market conditions, adjusting stop loss and profit levels if necessary. In conclusion, the analysis suggests a promising buying opportunity for XECUSDT, with attractive profit potential compared to risk. However, trading decisions should always be made cautiously and based on thorough market analysis.
Long
by CRYPTO_SETUP
13
XAUUSD: Will price fall toward $2100 region? Dear Traders, Gold has been extremely bullish since last couple of weeks, brough enormous amount of volume in the market. However, as price continued rallied, it is hard to say when it will stop rallying and start dropping. It is extremely hard to know the pin point of reversal areas. In our opinion, price has pushed more 4 times in similar pattern which illustrate soon price will reach a exhaustion point. 2205-2215 area remain key levels, if price decides to create strong wicks. Good luck and trade safe!
OANDA:XAUUSD
by Setupsfx_
7