DAX is hitting a powerful resistance level which has seen recency, strength & frequency since summer 2020. Double top showing on the 240 chart with a possible red kicker candle. Do choose your entry reasoning wisely & always manage your risk. We could see a failure on positive covid vaccine news, but interest in that could wane sharply as we saw recently.
LTCUSD LOOKS LIKE A BUY RIGHT NOW, BUT MY FORECAST IS FOCUSSED ON 2-3 WEEKS IN THE FUTURE BASED ON THE LIKELIHOOD OF A BEARISH BUTTERFLY PATTERN FORMATION COMPLETING.
MAYBE IT'S AN IDEA TO KEEP AN EYE ON.
ENJOY THE WEEKEND MY FRIENDS & FELLOW TRADERS!
A bat pattern seem to be maturing on the last part of it's journey, from leg C to leg D.
Sell from 75.948 (approx) for a R/R of 2.08% on T.P 1.
Sell again from 75.948 (approx) for a R/R of 3.31% on T.P 2.
Thanks & good luck in all your trading.