Short opportunity on AUDCAD based on Price Action.
it seems like AUDCAD pair needs to retest strong support level before trend reversal and we may have an opportunity to short it with a very nice Risk/Reward ratio.
Also from fundamental perspective based on COT Data it is noticeable that Australian Dollar net long position added and some shorts closing in...
Litecoin seems like heading down to 21$
Based on our special strategy, we think that Crypto heading down again.
I started short position and we keep update in status and commands section
Total Risk/Reward Ratio = 1:3.5
Lets have another opportunity here in NZDUSD
Entry : 0.6475
Stop Loss : 0.6445
Take Profit : 0.6631
Remember to follow my updates for future changes in trade setup and trend analysis in lower timeframes.
I think AUDUSD had finished A leg of an ABC Correction and now we can go long with good risk to reward ratio.
You can trade based on your own confirmation around the area.
We also provide daily comment of any changes depending on wave count.
For now :
Entry Point : 0.6735
Stop Loss : 0.6705
Take Profit : 0.7030
Note: follow my updates for possible change of the...
This week USD going to be strong and this is happening from the beginning of the week, in the other hand we have an strong resistance level of 1.3149 and if USDCAD can breakout this level with the current momentum based on the price action, i wanna go for long at a few pips upper than breakout.
We also have support of indicators with positive signals
I think the upward impulse will continue and the pair will easily reach the strong resistance zone between 1.2600 up to 1.2655 and then starts to fall downward to 1.2400 down to 1.2270.
So im gonna start a trade as per below setup:
Entry point: between 1.2600 up to 1.2660 depending on price action or step by step entering.
Stop Loss : 1.2670
Take Profit : 1.2400...
There is a few weeks that i checking BitcoinCash and waiting for an opportunity to enter long term trade and i think, this is the buying zone.
Please consider that in case of the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Take Profit List:
The RSI downtrend is...
Full TP list of the ZCASH for long term investors
until 58.05, support is valid, uptrend is possible to happen. but ZCASH should break resistance at 91.30
In case that support at 58.05 is broken, this forecast is not valid anymore.
Why we think for a long:
1- Positive Divergence is a good sign of beginning of the uptrend.
2- A trough is formed in daily chart...
There is possibility of temporary retracement to suggested Buy Zone 76.35 to 75.90
wait for retracement, until the price tests the zone, whether approaching, touching or entering the zone.
then set buy orders based on price action, candlestick confirmation is needed
long term opportunity with this clear data is not happening all the time...
While the price is above the support 64.45, beginning of uptrend is expected.
We make sure when the resistance at 109.10 breaks.
If the support at 64.45 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The RSI support at is broken, so the probability of beginning of uptrend is decreased.
While the RSI downtrend is not broken, bearish...