AUDCAD 1hr SELL SETUP SUPPLY This supply zone (grey level) looks like a high probability trade. It is within a higher time frame supply zone (shaded pink area), which is most likely on the Daily. It is also has a lot of trading activity to the left in the grey area. This is why I marked the zone as grey. But it is worth the risk with half the usual position.
1hr
USDMXN SELL Price has been moving downwards respecting that trendline. Everytime price returns back to test it , it falls. This is the 3rd touch. After price mad some sort of bullish flag on the M15, broke out and retested, I will be taking a short position here. My target is the lows that have been made before. Risk management is key. If Price breaks the trendline and closes outside of it , I will close the trade.
AUDUSD 60 PIP BUY AUDUSD showing great potential for a 60 PIP rise. We currently have a well tested ascending triangle formed showing great areas of support and resistance, on 4hr we can clearly see this has been forming a while and is currently at a significant point which has been held numerous times before. The ascending triangle follows after a strong bullish market after the lowest low of COVID-19 on the market in march. I can see price testing the resistance of the ascending triangle once more before deciding its outcome. RSI (13) has also showed clear points of oversold positions along this form of support which is hence why i am showing it in the analysis. Unfortunately the 200 EMA is not currently showing much but we could see price break above it very soon ! TP is set at 60 pips and SL at 35 PIPS.
XRP IS Gaining BULLS MOMENTUM!!Good Evening Traders! XRP has possibly pre-established bullish dominance. I've identified a Inverted Head & Shoulders pattern on the 1HR Time-Frame. Looking for a smooth confirmation over the 100% Fibonacci. Price is currently sitting inside the zone of Daily Market Structure after a failed retest of the lower boundary. Expecting first upward shift to move towards $0.28.
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