Lsmts
USDCHF- 0.88 - 0.87 looks like a strong support areaUSD/CHF - a map for the future
USDCHF has been in a huge downtrend cycle lasting 40 years from 1971 until 2011
In truth the top was in 1970, therefore perhaps it could be even a 50 year cycle ending in 2020.
By the way, 0.88 - 0.87 is a confluence of several systems of analysis and therefore looks like a strong support area, perhaps capable of a valuable bounce for the price, or even to start a reversal.
The price have already made kind of a double bottom in 2011 and 2015, and it seems approaching again the same rising trendline and the price could tap it around september/October.
This would be a triple touch of the trendline, which, if the price would hold above it with weekly candle close, would be really likely to develop a reversal formation for a while.
By the way, in the charts there are 4 important rising trendlines, as well as all the other main horizontal support and resistance which could be useful to assess other trades in the future.
L.S. MASTER TRADING SYSTEM
XTZ/USD (round 2) :)XTZ/USD round 2
XTZ has had a massive sold off after our date of 10th August 2020.
Now is at an interesting level for holders to reaccumulate, anyhow, if you are already in , you will see 2 interesting targets in red (TP1, TP2) to redistribute/sell.
With a DAILY close above the black resistance at around 4.492 would activate the much more ambitious targets.
An eventual fall and close below 2.32 would activate the 2 buys in green.
Good Luck :)
LSMTS
LTRPA - LIBERTY TRIPADVISOR HLDGS INC - a map for the futureLTRPA - LIBERTY TRIPADVISOR HLDGS INC - a map for the future
OAX/BTC - second round!OAX/BTC - second round!
After having bought the bottom and sold the top for a 300% profit, we are back in OAX, which could be printing a bottoming formation again.
Risk reward is great, and that's the important.
* To see our previous trade , you can click on the related ideas here below.
Good luck :)
LS MASTER TRADING SYSTEM
DXY DOLLAR INDEX - a map for the future DXY DOLLAR INDEX - a map for the future - From the LS MASTER TRADING SYSTEM channel
Losing 93.3 , which is the actual support in green would be pretty important for the Dollar. For this reason this level must be carefully monitored.
During the future years, this general map will help our traders to visualize in the fastest way where we are heading in the Dollar journey.