The12thBurn

The12thBurn

After breaking the monthly downtrend, BTC should trace back to the retest blue box. Ideal place to long would be from the 4H FVG around 68100 usd.

The12thBurn

FET 4H FVG confluences with FET retest zone. Ideally this area should hold and we can expect a break out of the down trend on the daily chart.

The12thBurn

There are two possible cases here, 1. The green line which can be a long trade with stoploss below the blue box. 2. The red line which can a short trade, however I would wait for a retest if this plays out. I am leaning more towards the short because in highe time frame this pair is bearish, we have a down trend holding 50-200EMA band as resistance. Let me...

The12thBurn

AUDJPY is in a mid term down trend. And added to that,1H chart shows a bearish rising wedge, leading to the falling wedge resistance of daily chart. It's a perfect short entry with high risk to reward ratio.

The12thBurn

AUDCHF is at a supply zone, furthermore a retest is pending on 4H chart. So I belive a short from this area would be sensible, and then a long at the retest.