I see Litecoin outperforming bitcoin as price action looks bullish. A recent breakout from its falling wedge has it looking at near support areas to hit before any real large breakouts higher. LTCUSD seeing a new all-time high in the coming weeks may also be noteworthy when following this specific trade.
Taking a EURCAD Short at 1.46130. Price has moved up and failed to make new highs after bouncing from a long term support area. Head and Shoulders pattern has nearly completed itself.
Entry: 1.46130
TP: 1.44850
SL: 1.46930
Looking at shorting the CADCHF @ 0.74600 if a pullback hits my Sell Limit. Missed the 5:00 AM candle close. Price has made lower lows below the 50 EMA. Daily timeframe also has the 200 MA providing resistance on this pair.
TP: 0.74100
SL: 0.75100
1:1 RR - 49 Pips
A much larger move may be in play. I trade this specific pair and strategy on a 1:1 RR regardless.
