Trade with the trend, the trend is down and it is restricted into a descending channel. 76.52 might be next for LTC.
An ideal scenario is a close below current support at 9644, which paves the way to visit a near term psych/support level at 9000 - 9080 region.
Technicals indicating a move down, entries, stops and take profits levels are set. Entry is now.
A nice short opporunity based on the hourly level of 0.70350 region. Stop loss is 25 pips, so not much to lose, but a great amount to gain.
Watch for the first arrow to play out, upon touching the top trend-line, look for bearish rejection before entering sells.
Retrace - Continuation downward. We will enter upon open on Sunday, ideally a few hours thereafter (when spreads tighten up).
Discussed on our live session, entry is now (for those that don't mind holding trades during weekends).
Should see some more strength in the safe havens in the upcoming days/weeks as the USD tumbles.
A very nice R:R swing long opportunity for GBPAUD. Bounce of a weekly ascending trend line and major support. Fundamentals indicating a weaker Aussie and GBP can revert to strength pending Brexit decisions.
Technical indications for a short based off a weekly descending trend line, rejection off resistance. Fundamentals are mixed.
Might be time for Euro to recover against the Yen. Technicals are indicating a nice R:R swing long opportunity.
Nice bounce off of our prior descending trend line and support. Great R:R. Entry is now.
Technicals are all pointing to shorts, with NFP tomorrow we may see this move play out or become invalidated. Those who are eager to trade, may enter a smaller than usual position short. Risk concious individuals can wait for the NFP release and elect to enter early next week.
Awaiting a break of this zone, maybe a retest before longing. Conversely, we have the same story for shorts.
Analysis was explained on our daily live session. Great opportunity.
Multiple time frames have a down trend in relation to the current the position of price. A break off this current CTL would indicate a further follow through to create a recent lower low.
A nice setup, pushed past an hourly resistance and now we look to move higher.