Remember!Remember guys,
Pay attention to the technicals
Plan ahead
The news is just a distraction
Price is everything
Techinical-analysis
XAU USDTechnical analysis - The price is moving toward the double bottom after a retracement to grab liquidity . Over all it is bearish. IT will retrace to Fib level which is synced with the order block that is sitting there two entries can be placed according to the structure. One is going to be a winning trade
Potential SELL on EUR/GBPThe bulls quickly took the EUR/GBP pair higher from a big support area (around 0.8550) on the four-hour chart above, taking it back to a fast bearish reversal point from last week (0.8635).
If the data disappoints in general, the bearish technical signal may trigger a short-term bearish reaction on EUR/GBP. With a regular ATR of about 50 pips, a switch from current levels down to the strong support area within a session or two is not out of the question.
Of course, if European business sentiment surprises us in a major way (unlikely given the German lockout extension), the technological setup would be invalidated.
If we see the support line holding tight, we can have a BUY opportunity in the 0.85534 zone.
*This is not financial advice. Do your own research before entering any trades.
USDCAD upside?this pair can break above 1.34 according to the current moment. and then will be targeting 1.35700 as my first TP
EURJPY what's Next?We have this Technical Bilateral BIAS on EuroJpy, It's following Bearish Trend then should break to the downside and continue the trend. A break to upside could change the short term trade to get it Pulled back on Higher TIme-frame!
Litecoin - Know your levels$51.21
$46.65
$46.01-.21
$44.71
$41.50
$37.30
I don't anticipate too much more downside for Litecoin (LTCUSD) before we head back up, but if we do head lower, we'll go all the way down to $41.50. Below that $37.30. If per chance, we somehow find ourselves down in these areas, we will find further support from our 50 MA, the Lower Bollinger, and the bottom of our channel (lower green trendline) which should be intersecting with our flat line supports in the next two weeks.
I do not think we'll get this low and I'm 90% certain Litecoin will not break out of/lower than our green channel.
I'm swinging this to an upside target of at least $60, maybe more, depending on price/time/pattern points at that time.
Happy trading folks!
