Sell-buy
USDCAD current short-term ideasHi guys this isn't one of my usual pairs but I have found 2 potential short-term set ups on the USDCAD.
These involve:
Sell @ 132.75 area
Buy @ 131.95 area
I use the same format for all my trades, with a single 50 pip stop-loss and 3 take profits at +30, +50 and +100 pips unless I see a potential for a bigger final take profit.
This is not a signal; just my analysis. Bare in mind they are both medium-risk trades, however I do think the sell is a nicer set-up.
AUDJPY sell to buy Started to see a new high form in the market, and witnessed the start of a retracement. Taking the fib tool we can assume where the market may ended up as shown here, and would be a perfect time to buy. In terms of technical analysis. Also i noticed a small amount of resistance from the past has turned into support. Right where a key level is at for a reversal. Something I'll be loooking at and studying for the next couple of weeks.
BTC next target 7000?Hello there!
In my last post on BTC, the idea was that the retracement after the massive drop would take 1-2 weeks and the price goes to 8500 (later changed to 9000) before another journey south. From the current market condition, it looks like the recent spike was a nice manipulation to stop out high-leverage short positions and trigger people into buying. It looks like many traders were ready to buy after 8500 which is not the wisest thought I guess.
I think it is very likely that we keep falling from the current levels, especially after the recent spike happened. The current setup gives a nice risk-reward ratio, up to 4:1 with 300-400$$ stop-loss. For more aggressive entry the RRR can be even higher but it is riskier.
GENERAL RULES TO KEEP YOU SAFE:
1. Do not risk more than 2-3% per trade!
2. Always use stop-loss!
3. Do not FOMO!
4. Do not add to a losing trade
THIS IS NOT A FINANCIAL ADVICE so, please do not follow it if you are in doubt. DYOR!
BUY Opportunity NOW (+3% gain)Base on my analysis, the "Niagara fall" movement of Bitcoin of the last hour is a panic sell that won't sustain. I've seen a trigger on my indicator that tells it's the bottom of the fall and a sudden rise is already in place.
I've placed a SELL trade 2 hours ago, so I'm now at +9.91% benefits. (Price is at 8679 USD when I wrote).
I'll stop immediately this trade to take the counter trade ==> BUYING.
I don't say the fall is fully over, but a Bullish small cycle has begun right now. At least +3% increase
Don't take my words for granted. Do your analysis and trade at your own risks.
IF you like my ideas, please thumb them up. You can also follow me for future ideas.
Thank you
GBP CAD ShortPotential set up for GBP CAD.
This trade has been on my watch list and we are now approaching entry zone. Will be awaiting for retest confirmation before entering.
This trade does have high potential to pivot back to the downside as 1.61950 is a key psych level and pivot zone.
If the rejection and retest occurs there potential of hitting the 27% fib is very likely. Will be monitoring and updating privately