Just an idea, has hit support and resistance multiple time, looking to TP pretty early. Have to long positions going out right now
XRP/BTC has been on fire lately as we all know... Coinbase spit in the faces of Ripple owners earlier confirming XRP will not be added to Coinbase on January 8th making the market turn bearish... XRP is currently hitting on the new support line, which use to be the old resistance line. We shall see how this plays out.
USDJPY on the Daily time frame is making a very nice clear down trend. Its had Lower Highs and Lower Lows in a very consistent manner. I am confident it will start heading down as it has already bounced off the line.
Sterling has been stuck at the resistance level and has a strong down trend. I will be shorting and looking and waiting for it to go down. I would advise entering now before its too late and the strong downtrend is invaild.
I will be shorting this pair due to the fact that it has hit the same resistance 5 times... Doesn't get any simpler then that! We will see how this plays in the next day or few. Looking to hold for a short amount of time. I will be trying to get a little above the 50 percent Fib level for me to take profit.
As you can see, there is a downward channel in full effect. I am expecting this to bounce off of the Lower Highs trend line and head for the Lower Lowers once again. We will see how this plays out. Good luck to all.
EURCAD Long, it has hit the resistance level many times bouncing off and consolidating. We see it recently hit the same resistance line not too long ago. I managed to get in the trade a few hours ago but I figured Id post this idea as it is still a valid trade.
XAUUSD Short now. Enter at own risk. Elliott Wave theory and hit previous resistance. Looking for it to hit 1245 area.
USDCAD possible short soon... It has been bouncing off of resistance and done it a few times. I am going to wait very soon to enter will be entering after candle close most likely, I will keep everyone updated
This pair may keep going up until it hits the major resistance as it has on numerous occasions as you can see by scrolling to the left. I feel as if it will break down before it hits the resistance level but we will just have to watch. Good luck.
EURCHF Long soon I believe... Been bouncing off of support past few days... Looking for a opputunity to go long. I will comment when I enter!
UCAD hit a very good support and may bounce and go back up. TP was roughly drawn take profits when you are comfortable if you enter. Enter at own risk. Comment or PM if anyone has questions.
The Support and Resistance lines are drawn just to get you the idea of what Im trading. The previous resistance is now the new support for the line. TP is just where I would like it to be, I will close if in profit before it hits.