USDCAD is into bearish movements and now it's retesting the resistance zone that was once acting like a support. Moreover, this one is preparing for its fifth and final wave so a short position might be entered here. Trade Safe
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With ADA being below the VWAP, I'm reserving the other half of what I plan to DCA into it until I see how this plays out...
HVP indicator is looking interesting too; like something is building up, like a major move up or down... Indications are 'down' or questionable at best...
Fibonacci from peak to bottom in this range, we've only penetrated the Golden Pocket...
6 HOUR CHART Projection
I believe if BTC were really going to finish off shaking the smaller fish out, it would've perhaps fallen out of this falling wedge by now, but I could be wrong.
I will have to respect what the Fib is saying too, with regard to where we are right now.
Price has not been able to break back up into the Golden Pocket Fib of the last...
Pulling the Weekly BTCUSD chart today to see where we are in this pullback and breaking news... We're still bullish!
Sometimes you just need to zoom out a little bit to see the big picture. We gained an important weekly SR level when we broke the 10K level (~$9948).
Generally speaking, all important levels once broken need to be tested so we can...
Waiting for GOLD to break one of the SR zones.
After breaking, we put a pending order to the outer edge of the zone.
Highly recommend to use Twin Trading, for bigger potential profit.
Stop Loss - I'm using max 40 pips stop loss. The most important is, to put it behind the SR zone. But it all depends on your strategy and RRR.
Take Profit - Put take profit at...
EURUSD has been consolidating the past few days. I believe it will continue to push upward for 3 reasons:
1. Support has been found at the ~1.13500 level on the 4H and Daily time frames.
2. iTrend has given reliable bullish signals since mid-February.
3. Trading View's built-in sentiment analysis is heavily bullish on the 4H and lower. This affects trader...
Deeper look @ breakout setups.
Blindly selling Lows or buying Highs is a recipe for disaster in the long run.
But the right kind of buildup can legitimize a breakout (BO) entry. When a breakout failure (BOF) does NOT immediately make a strong move in the other direction, you've got to ask yourself -- has the power balance really shifted?
If not, it could just...