Supoport
LTCUSD watching 100.00 levelLitecoin has staged a strong recovery alongside Bitcoin, with the fourth-largest cryptocurrency posting double-digit gains on Friday. The LTCUSD pair has recovered back to key neckline resistance, although bulls are still struggling with the $100.00 resistance level. Technical rejection from the $100.00 level should spark a sell-off back towards the $90.00 level, while a bullish breakout should target the $107.00 level.
The LTCUSD pair is only bullish while trading above the $93.00 level, key resistance is found at the $100.00 and $107.00 levels.
If the LTCUSD pair trades below the $93.00 level, key support is found at the $90.00 and $75.00 levels.
USDCAD: Retest of previous structure SupportOne of the trades looked at in this morning's Live Trading Room session. Long USDCAD at 1.3019's on a retest of previous structure support.
Used an aggressive entry, but this opportunity as an excellent risk to reward on it.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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GER30/DAX30: one more high than crush?Hi Traders,
This is one of the markets that I trade the most. By looking this short term we can see a very good reaction from few minutes ago at 9939 (29/12/14 high). Now I expect him to go to 10080 for a FINAL high (also higher line of pitch-fork). I will short big at that level for a medium term trade. Mixing technical and fundamental (Germany not in a good position at all, like the rest of Europe) at this market gives me more support to short this market.
Longer Term graph will be posted shortly!!
Good luck!
Thiago Duarte
thiago@duarteinvestmentgroup.com
@thiagotrader