$ADA multiple scenarios aheadThat's why trading is so interesting, right ?
$ADA could form an inverse Head and shoulders on 4h.
It could make it's last down leg if the overall market will correct a little, as we can see it right now. Last leg could go around WEEKLY DEMAND at BROWN Channel.
Still a cup and handle in play if H&S will form.
I personally believe that crypto market will see it's final leg up untill spring/summer 2022 and ADA will be one of the main stable coins around there.
Everyone will hype on shitcoins but real investors will try to secure their investments in stable coins.
Im watching ADA very closely and jump in it when its ready.
Weeklydemand
NZDCAD Swing Trade Idea (LONG)NZD/CAD
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This past week, price experienced a heavy move into weekly and monthly demand. Since then, price has kept moving up. I see a reversal in trend and thus this bullish trend is definitely starting
Additionally, a Head and Shoulders pattern has been successfully formed and this gives us insight on how strong the move will be.
Note that this is a daily move so this move can carry us to the rest of the year.
A pullback to the previous swap zone should be enough for us to enter the trade.
R:R 1:8
SL ~40 pips
TP ~320 pips
This should be good because we are expecting CAD weakness in the coming months as well.
Take care beloved! Until next time.
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USDCHF Buy Limit Swing Trade Idea USDCHF
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So we have been experiencing a huge downtrend for this pair since weeks. Dollar weakness contributes to this as well as huge uncertainity in the market because of trade war and interest rate cuts around the major economies.
I have a huge demand area on the weekly and this is where buyers will come back into the market. the bullish momentum that price faced many months ago started here and so many more buy orders are waiting to be filled here.
USDCHF BUY LIMIT @ 0.95913
SL: 40 pips
TP: 1.01063
R:R Ratio of 1:10
This should be a very good trade setup
Til we meet again all! Shalom
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