CADCHF - continuation in play. After a daily impulse followed a correction for price to continue. We received a 1H confirmation to allow for potential continuation. Trade safe Sunny
Morning traders, I have entered this short on CHFJPY. On the weekly timeframe , the head and shoulder pattern can be seen clearly. I entered on the impulse trade on the 2H timeframe where the Daily key level was broken and retested. Will manage this position and mitigate risk accordingly. Trade safe Sunny
USDCAD - After the recent daily surge we are experiencing a form of correction. If we experience a higher high being created on the 2H we could see a move to the next daily key level. Trade safe Sunny
ETHBTC can be used as a key indicator to determine ETH's strength relative to bitcoin. ETHBTC in the last couple of months has been consolidating. Once we receive a weekly break above the key Monthly level should we see the start of true altseason finale! Trade safe all!
It could be said XRP is yet to truly participate in this thrilling bull-run. It is one of the only top altcoin to not have experienced a rise to it's previous ATH and beyond. Yes it could be argued that the SEC lawsuit, and its lack of accessibility to buy/sell on world-wide used exchanges have had some what of an influence on its move. Do I think it will...
XRP is typically know to be the stubborn one and tends to move last in every bull cycle. It likes to surprise us and move when no one expects. I do see XRP breaking all-time-highs this bull-cycle for sure with my major target being $7. From a trading perspective , a requirement of a daily break above 1.18220 is required before we see 1.32 as my first target....
Gold is nearing a supply zone where sellers began their initial push. Price is slowing down and is looking to create lower lows. Id we receive short-term lower lows, I will be looking to take shorts on this trade. Have a great trading day! Sunny
AUDCAD longs just entered - After an impulse short term momentum shift, we experienced some form of correction before breaking out of daily lower high and trendline. Let's see if we can get a push to the next daily point of interest. Trade Safe Sunny
NZDCHF - Price action has failed to create a lower low , and is now rebounding. If price were to create a break of the Daily structure marked followed by a continuation pattern. We can expect price to move to the next daily point. Sunny Kumar
EURUSD has been in a trading channel of late , which is looking structurally beautiful. A break and retest above should give us a move to the upside. Trade safe everyone Sunny
EURCAD potential sells coming throught. Require a TWO 4H close below key level.
Price is in an overall uptrend and current momentum is bearish. We require two 4H break of either key levels to show us where price is to move next.
XRP has been impulsive of late. Typically after an impulse we can expect some form of correction. If we break the zone marked on the daily we will see 1.65 next. If not expect some correction. Trade safe, Sunny Kumar
I have mapped out the possible scenarios. Price is nearing a strong supply zone. If we receive a nice weekly close above zone marked we will see ATH soon enough.
Hellow fellow traders , Since the optimism of rate hikes within the US economy, EURUSD took a pretty large fall wiping out many supportive structures. With a fall of such magnitude , it is quite the norm to expect pullbacks/correction before another fall to the downside. Let's see!
Bitcoin has been falling as of late switching momentum in the short term. We are yet to create a lower high on the daily since switching momentum. I suspect price will push to the 42-45K region before I will monitor on. Trade Safe!!! Sunny Kumar
We are in an overall downtrend since rejecting weekly/monthly resistance. This is how I expect things to play out. Trade safe! Sunny