Well if i were you i would buy LTC at price range 63 eur to 60 eur... those are the next entry point... Sit tight as its going to me 1 slow and bumpy ride as we head off to price range of 70eur to 74 eur. and as you know back down again *** This are just my predictions and not financial advise *** ;) ... Happy trading to all
Hi guys, another update on btc.
Seems like the last update didn't play out so well so i've went back to the textbooks to study about what went wrong as well as to incorporate other elements into my strategy to make it more accurate.
A general weekly view:
Seems to be forming a bull flag with the decreasing volume.
We just bounced off...
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The precious metal still have momentum to push it's price higher above 1600. I expect gold to re-test recently created swing high at 1453 and if proven strong enough, price will be driven up above 1600. A price above 1600 will expose the metal to the next resistance at about 1800 and subsequently 1900.
PLAN YOUR TRADES AND TRADE YOUR PLANS...
First scenario - gold could dip to 1500 level, if trend line is intact and is not broken, if DXY drops 98.00 level
Secound scenario - if gold breaks the trendline structure there could be a possible pullback and then we can go long, GOLD has also been oversold on the RSI area
We have an active short which should take us down into the liquidity zone creating the double bottom, where we will then look for long term buys as we will have a potential change of trend.
Should the market break the descending channel and stop us out, as it cycles back up to tap the neckline before dropping, we will execute another sell as the trade idea is...
GBPUSD Long trading Idea-240m TF
Long Entry Zone: 1.2092 to 1.2070 (23 Pips)
SL @ 1.2033 (58 Pips)
Target 1 @ 1.2151 (1:1)/ Close 50% of position Secure the trade with no loss
Target 2 @ 1.2768 (3:1)
There is also Target 3 and 4 incase
Good Luck traders.
EURUSD pair is likely gathering momentum to begin a short-term rally on H4. With the daily close on Friday, I expect the pair to retest the swing low created on Friday (which may possibly drag to 1.10600 zone due to later news today). Ultimately, the pair is likely to reverse, break the trendline to commence uptrend towards 1.18000 zone and possibly 1.12400.
GBPAUD has formed a acesding triangle on the 1HR and 4HR time frame and has broken the resistance that was previously tested and rejected successfully 4 times, price action looks to retest this previous resistance and flip to support. Price action is making higher highs showing a uptrend of price. On the 4hr time frame a dragonfly doji has formed showing an...