Tradinview
LTC/USD UpdateHello Friends,
Here on this chart we can see that LTC has formed and confirmed a H&S pattern. I had mentioned a large cup and handle on a previous post with expected price moves but indicated that I didn't believe that the pattern was going to make such a bullish move given the fact that there are many bearish signs and different bearish patterns.
In another light patterns can change as can the market sentiment. The price action will dictate the outcome and for me I like to try and stay in tune with what others believe and then go against the grain. I also like to watch the long and shorts and take it from there.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
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CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
Possible EUR/CAD Long Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 4-12hrs
Actions on -
A – Activating Event
Market consolidating above the 200 mva and has reached a condition of being oversold.In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 1.505
FX:EURCAD
Trade Management
Entered @ Sign up for our mentoring program
Stop Loss @ Sign up for our mentoring program
Target 1 @ 1.505
Target 2 @ 0.
Risk/Reward @ 2.1
Happy trading :)
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only