ADAUSDT after making a top of 3.102, has come down to fib level 0.5 which is acting a good support.
However, it is unable to break 0.382 level. Hence moving sideways.
Trade Plan:
Wait for the range to break.
1. Take long if it breaks upward
2. Take short if it breaks downward.
Let us know what do you think in comment section
EURAUD is completing its head n shoulder pattern and targeting 1.53900
Two things can be done here.
Scenario 1:
Short: 1.55150
Stoploss: 1.56050
Target Price: 1.53900
Scenario 2:
Buy on Support 1 (First white candle): 1.53900
Buy on Support 2 (First white candle): 1.52940
Stoploss: 1.52500
Trail your target accordingly.
GBPJPY is trading in a bearish parallel channel.
Current price suggest the activity is slow down near resistance. Two things can happen now!!
Trade plan 1:
Buy when it breaks and close above the channel
TP: 157.380
SL: 156.420
Trade plan 2:
Short when it test the trendline or resistance zone and close with bearish candle
TP: 155.600
SL 156.850
