Toptrader
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
ETCBTC - Just bounced from strong fibo level - Trade AdviceWe just noticed basic ~30% retracment from the 3rd eliott wave, 5th wave is about to come and we need to join the train before it goes away, there is really good risk/reward ratio as our stoploss is going to be slightly under 20% and our profit potential is way way higher than 20% so thats the deal we want to look into.
HOW TO TRADE ETC :
- Buyin Range : 0.003447 - 0.003742
- Stoploss: 0.002897
It is very strong resistance level that already been tested previously and seems to be unbreakable so far, the good thing is that it is only 20% from our "lower buyin range"
- Targets :
1. 0.00425
I will keep targets updated after 1st is about to get reached.
On the first target id say that you could sell arround 25% just to secure some profits and wait for 5th eliott wave to develop.
If you got any questions feel free to comment - I will gladly answer.
If you appreciate my work you can leave a tip:
BTC: 12Mefu55gj5cyxYTEX82FqcxsUADhKFMhJ
ETH: 0xd6e9819f0c5044fff6186826aad193c650c02502
LTC: LgzwNFwEQGUSCNLzD1nb8qv35iQ7KnJCV8
Adios!