UPDATE/REPOST long term view, historic repetition BTC once again had a big drop from new ATH just like on december '17. From 2017 high we had big accumulation phase all the way to mid 2020. At the start of 2020(covid outbreak) there was drop from around 11-10k down to 3500 as usd spiked up. Now in 2021 we had new ATH and then drop, why? Main reason are...
sell idea audcad creating small downtrend channel and there is chance of 50+- pips push to the top of the channel for sell entry. Small tf liquidity zone at around 0.92750 and trendline just above. Oil back above 70 and still pushing(72+ now) so CAD can get some strenght. possible entry: sell limit at 0.92880 target: 0.91900(price sensitivity area)
buy idea two sells this week worked perfectly and now while waiting for tp at 0.92 i'm looking to place buy orders just under that level. Price move in uptrend channel and 0.92 is bottom of the channel and possible area to go long. Entry: buy limit 0.91875 target: 0.93700
sell idea H4 downtrend channel in play and price is going to the top of the channel. Possible sell today as there is Fed Interest Rate Decision and FOMC later. Any comment about tapering could heavily affect usd and gold. entry: sell limit 1790 targets: tp1-1725 tp2-1680