USDCAD | BREAKOUT SUCCESSFULTaking another look at FX:USDCAD , we see we had a successful breakout back toward the beginning of March. Following the first part of this read, you'd be sitting up about 4% at time of update.
Looking at the currency's is always interesting especially at a time like this. I hope everyone is healthy and safe.
Bless Up
DotcomJack (Easy Loot Member)
Toptrader
GreyScale | It MIGHT ContinueLooking to hold channel & $11.7027, if red line breaks I'd look to short.
DotcomJack | Not Financial Advice
(I do not hold this asset)
#LTC/USD MASSIVE RALLY!! 135% TARGET ON RADAR.LTC/USD WEEKLY CHART:
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Alright coming back to the chart as you can see LTC has been following a “CURVED CHANNEL” since it started it’s parabolic rally in the last bull run. You can see on the chart it is repeating the same fractals as of now.
What’s interesting is we have touched the long term support trendline already at $35.88 per LTC.
It seems to be growing gradually and slowly until we see a spike. If we follow the same route a massive 130% target within the next 2 to 3 months is Highly likely.
I will expect more growth post halving.The green arrow marks the points in the chart that shows how we push to the upside whenever we touch the lower support trendline.
INDICATORS:
RSI still below 50 which means we’re still in a bear trend.
MACD Crossover is expected soon, the picture will be more clear in Daily or 4hr TF Charts that I’ll also update soon.
Although I will keep updating this idea but this chart will Invalidates in case we break the previous low $35.
Till then, expect something good is coming in the market the only thing the expansion in time is stretching everyday as the market is mostly moving sideways.
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BitcoinBTCUSD moving in uptrend channel. We touched resistance line of this channel and now probably decline in the range of 3830-3900 there is a support line upward channel. MA100 as well as two strong levels of fibonacci 50%, 61.8%. After that I expect growth in the range of 4200-4300
Confused RSI- oversold
EURCAD Trend tradeSell on H4
Downtrend
Overall bearish market.
Risk to reward= 1:3 and 1:5 Respectfully
so I'll wait for P.A around these levels
Fundamentally
Bullish oil price leading to a bullish cad price.
Euro weakness as the economic data as been showing poor data.
FX:EURCAD
Comment your thoughts bellow and hit the like button and i'll update this idea
EURCAD in an overall bearish market. First public post in a while
EURCAD has been pulling down some lower highs and lower lows on the H4 since the 29th of January.
Market gave us three continuation waves on the H2 and I potentially see the previous high being tested this week.
I'll open a long entry on This pair on Monday just before the London session depending on how the price action looks at that time.
This is a 1:3 Risk to reward trade. I'll move my stop to B.E after 1:1 cutting it close because it counter trend, and ill be holding full lot to tp.
Entry, SL and TP are on the chart.
Share with me what are your thoughts on this pair, and i'll share another short trade setup on this pair on monday