Self descriptive chart, Looking to sell USDCAD at resistance level. Price action will confirm trade.
Possible support bounce setup here, some opening session momentum will turn this into a great trade.
Looking for a double tap on the 134.4 level with a solid hit and run. Ideally price will return to the 134.4 and fill some more orders before a run upwards again, given the moves this pair has made during this run I am comfortable trying to buy in this zone for a few reasons.... SL can be nice and tight at this level as it is kind of in no mans land, I feel price...
Wouldn't say I'm tripping over myself to get into a long position just yet... 1479 area needs to be firm otherwise it will be a nice place to enter short for a possible longterm trend change. I will watch price action and determine as this market unfolds. My overall bias is short but open to the idea gold bulls may re-appear.
Gold trading in a zone, equilibrium.. we will get a big reaction soon and if you play your trades right you can catch either move !
This is looking like a nice retracement setup here, given the news this week its a trade worth watching.
Possible flag pattern nearing its peak, look for rejection of level with price action bars, S/L above level.
Waiting to fill upper target , Watching for price action at red target area to give a clearer picture of possible trend reversal Orr correction. A fractal break should put us in the box seat for a trend continuation to further upside targets should risk appetite remain in favor.
Watch price action bars for entry signal for long positions above critical support levels.
Watch price action bars for entry signal for long positions above critical support levels. My bias will change to short if these levels are successfully broken.
Nice setup, entry off offset ema support no lower then 140.15
Looking and comparing using line break, interesting to note the current bounce on the 200MA, i think quite obviously that this should be a good indication as to the direction we may take over the next few months, close below the crypto winter may continue, close above with New structural high type momentum and we may well have come into a green patch.. either way,...
Shoes and speculation based on historical PA points.
If BTC turns bullish and acquires 6800+ i will be bullish bias with upper targets as shown in chart, (short-term) unless key zones are breached.
Looking for a sell on ETC and a buy from lower trend line.
A few target areas i am looking towards, a few possibilities here, break of key zones will determine which way i will open a position, watching for break of upper trend line and or break of lower trend line, key zones for me are the 6k support and the 6770 resistance.
Whilst the bear market is evident i do see a chance we are nearing a cycle completion, a step above 200 MA will be a very welcome bullish directional change, as we have seen the 5.7-6k range has been tested numerous times during this correction from ATH 0.28% and should we visit this area again a strong bounce may well catapult BTC -0.85% above the existing...