USDCAD Can Be A Great Long OpportunityTraders, USDCAD has been consolidating for weeks but now it has started to show a sign which can push it higher. This can be multi week position sort of opportunity which is just about to start. See the chart for notes and levels. Take one steps at a time.
Trade what you see and ignore any hypes. Stay objective.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Fionacci
Avalanche Analyze 🗻!!!Probably, you are following Avalanche these days. today I decided to share my analysis about it, and How far can it grow?
Avalanche Analyze ( A VAXUSDT ) Timeframe Daily ⏰ (Log Scale)
Location 🌊: from my view, Avalanche passed its Main wave 1 and Main Wave 2 , and at this time it is moving on microwave 5 of microwave 1 of Main wave 3 .
Where is the end of microwave 1 of Main wave 3 ?
I have two targets 🎯 for the above question:
Target 1 🎯: 139$-142$ ( More possible )
Target 2 🎯: 179$-200$
Target 1 🎯 is more possible than target 2 because when we watch RSI at the daily time frame, RSI made Rising Wedge 👇.
In addition Stochastic is near Resistance Zone , and I expect that we will see the end of the movement soon.👇https://www.tradingview.com/x/gmvP8YTD/
My Suggestion : if you want to have AVAX on your portfolio, please wait for correction .
Support Zone : 105$ unit 100$ .
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
USDCHF what is nextWhenever we have multi lows/tops breaking is stronger than usual, as we have right now. The price has break Fibo and MA200 level and strongly continue to rise. RSI at lower time frames is overbought, which can be some short opportunity to squeeze a bit. As I see Fibonacci 61.8 will remain resistance level ( daily fibo) and Fibo 62.8 ( weekly) will remain support level. After smaller profits with sell action, my play for this will be SELL at 1.00 area and compounding those trades with proper money management. For those who can afford:
10k at 1.00, 25 k at 1.01, 50k at 1.02