Bake is currently sitting at its 1hr support area and it also forming a trend line. If the support and trendline breaks then we can go for short entries.
Here se can see that "APTUSDT" in 4 hour time fame is forming a descending triangle and we have to wait for the breakout and also it has a Support zone at "12.387". If the price reaches the point of 12.387 then we can see a good long opportunity and if it takes breakout from the current price then we can long here once it retests the tredline resistance.
ENJOY!!!
Lcid missed the channel confirmation. If we are applying the channel rule, we expect a breakout with a similar breakout. Further analysis might be needed after this in contrast with the market.
Definitely do your own research. Trade,exersize and sleep. bye :)
1. The price has broken out of descending trendline.
2.The SMA has turned green at the demand Zone.
3. Macd has crossed the zero line.
Stop Loss can be around 1.131000
Tp 1 _1.138861
Tp 2_1.143409
Tp 3_1.151000
OANDA:AUDCAD
Currently we are looking for a long trade reason.
1.Price has broken out of daily descending trendline and playing below bullish corrective trendline.
2.The price has also reached fibo golden Zone between 61.8% and 50%.
3.Once the MACD turns positive and the price move above 50sma we go long.
Risk management is key.
Hey guys, EURCAD has been on the rise today, and is approaching an important area on my chart. If the trendline is broken, there is lots of upside potential, with 1.530 being the next key resistance. However, we are still bearish on the daily timeframe, and we could see a push back down to 1.5000
