Risky
GBP-JPY Rebound Ahead! Buy!
Hello,Traders!
GBP-JPY is trading in a big narrowing wedge
And the breakout will happen soon
Either up or down, but for now
We can still go long on the pair
In a somewhat risky long
From the rising suppot
With the target being half way
Towards the falling resistance
Buy!
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✅RIPPLE RISKY SHORT🔥
✅RIPPLE will be retesting a resistance level soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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AUD-NZD Risky Long! Buy!
Hello,Traders!
AUD-NZD broke the key horizontal level
Then went up to hit the rising resistance
And we are now seeing a bearish correction
To retest the demand level below
From where the price can go up again
Buy!
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✅AUD_CHF RISKY LONG🚀
✅AUD_CHF is about to retest a key structure level
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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AUD-CHF Potential Short! Sell!
Hello,Traders!
AUD-CHF is trading in a range
And the pair is about to retest
The horizontal resistance level
Therefore, it is natural for us
To expect a pullback from the level
After the retest is complete
Sell!
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BTCUSDT HIGH RISK SHORT OPPORTUNITY ALMOST SAME AS THE SOL TRADELooking at the markets I understand it's an attempted short squeeze but I don't see it going much higher without retracement. You see the wicks are showing exhaustion and this is a very risky play with no confirmation for maximum gain. Potential reward is great but it is risky, especially going against the trend like this. I am monitoring the volume footprints to make a final decision. This is not my normal trade style but I see opportunity I like to take it. Remember your risk tolerance and don't use over 2x leverage if you have to use any at all. Could use an ABC reversal pattern for confirmation but not the best entry. Not necessarily a reversal either more a retracement or counter trend trade.
Not financial Advice just a fun idea. A DeDen play basically but a looks promising. Let me know what you think. Is it too risky? Like any trade make it your own and modify it to fit your trade strategy and style and for heavens sake use a SL.
Good Luck
-NFA
KUCOIN:BTCUSDT